Tips & Topics - Banking
Banking Overview
Did You Know?
Effective March 2, 2009, the maximum fee you may be charged by a check casher in New York State is 1.82 percent of the face value of the check. Cashing a $100 check? Your maximum fee is $1.82.
The New York State Banking Department operates a toll-free hotline (1-877-BANK-NYS) for banking-related questions.
Establishing a relationship with a bank or credit union may allow you to establish credit, build wealth and participate in the U.S. financial system.
Many resources are available to help you understand your banking options and to make a decision that is right for you. The New York State Banking Department offers guidance on what you need to know about opening a bank account, which you may find helpful.
The New York State Consumer Protection Board also provides helpful resources for consumers on banks and banking to help them take advantage of financial services and maximize cost effectiveness.
In this section of Your Money New York, the following topics are covered:
- Introduction to Bank Services
- Choosing a Bank
- Deposit Insurance Basics
- Check Cashing
- Overdraft and Bounce Protection
Next: Introduction to Bank Services