Banks and credit unions prohibited from charging a fee for electronically depositing a check.

This bill prohibits banks and credit unions in Minnesota from charging fees when customers electronically deposit checks. It directly affects financial institutions and their customers by removing the ability of these institutions to impose charges for this specific service. The law defines "electronic check" using the existing federal regulatory definition and applies the prohibition to both state banks and state credit unions. This change would make electronic check deposits free for customers at covered institutions.