An Act relative to inactive bank account fees
This bill (HD 2498) amends Massachusetts banking law to regulate fees charged for inactive bank accounts. It requires banks to explicitly disclose "a fee for inactive accounts" to customers, adding this as a new fee type alongside existing charges. The policy directly affects bank customers who maintain dormant accounts, as it mandates clear communication about this specific fee. The change is a straightforward disclosure requirement, not a fee cap or elimination.
Bill status
passed
3 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
Governor
Introduced Feb 27, 2025
Last action Jan 15, 2026
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
1
Feb 27, 2025
Upper · Passed
Senate concurred
upper
Feb 27, 2025
Committee
Referred to the committee on Financial Services
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Todd Smola
RRepublican
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