An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for overdraft protections for customers and members of banking institutions and credit unions.

HB 1553 requires banks and credit unions in Pennsylvania to provide clear notices when charging overdraft or nonsufficient funds fees, including details like transaction date, type, and balance impact. It caps overdraft fees at $15 (or the transaction cost, whichever is lower) and limits customers to no more than three such fees per calendar day. The law also prohibits additional charges beyond standard fees and bans fees for declined transactions. These protections apply directly to bank customers and credit union members, with rules taking effect 180 days after enactment. The bill mandates fee transparency by requiring institutions with websites to publicly list all fees.