AN ACT RELATING TO FINANCIAL INSTITUTIONS -- COMMUNITY OBLIGATIONS AND BANKING OFFENSES

SB 2517 (2026) requires all ATMs in Rhode Island to display a consumer’s real-time available account balance *before* a cash withdrawal is completed. This affects every consumer using an ATM in the state and all banks, credit unions, and ATM operators (including non-bank owners) that provide cash withdrawal services. The key mechanism mandates a clear, prominent balance display before entering withdrawal amounts, with an option to cancel without charge, and prohibits fees for balance inquiries or declined transactions. The law, effective January 1, 2027, will be enforced by the Rhode Island Department of Business Regulation through fines for violations.