Prohibits imposition of surcharges at automated teller machines on public university property

This bill bans banks and credit unions from charging extra fees (surcharges) on automated teller machines (ATMs) located on State University of New York (SUNY) or City University of New York (CUNY) campuses. It directly affects financial institutions that operate ATMs on these public university properties. The law adds a new provision to the banking code requiring these institutions to eliminate surcharge fees at campus ATMs. The rule takes effect 90 days after the bill becomes law.