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A 4927·NJ·house

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

In CommitteeFiled May 7, 2026
Sponsor: Stewart, Kenyatta
Latest Action

Introduced First Reading Assembly Referred to APS

May 7, 2026

Summary

The bill requires the state to help released inmates open fee‑free checking accounts and debit cards, and bans banks from charging any administrative, processing, maintenance, minimum balance, transaction, cash‑withdrawal or other fees on those accounts. It also ensures any remaining prison‑account balance is transferred to the new account or given as cash if the person declines an account, preventing “junk fees” that can trap formerly incarcerated individuals in debt.

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