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

This bill prohibits financial institutions from charging any administrative fees, such as account maintenance or transaction costs, to individuals who have been released from incarceration in New Jersey. It requires that any money remaining in an inmate's facility account be transferred to a free consumer checking account or issued on a fee-free debit card upon release. The legislation also mandates that the state work with banks to provide these banking services at no cost to the former inmates and allows for the disbursement of cash allowances in a fee-free manner.