Prohibits administrative fees on accounts and allowances of persons released from incarceration.

This bill prohibits financial institutions from charging administrative fees, such as account maintenance or transaction costs, for the checking accounts and debit cards issued to individuals released from incarceration in New Jersey. It requires that any remaining funds in an inmate's prison account be transferred to their new free account or provided on a fee-free debit card upon release, ensuring these individuals can access their money without additional costs. The legislation also mandates that the Department of Corrections work with financial institutions to offer these banking services at no cost to the released person, while maintaining the option for inmates to decline a checking account if they prefer.