Requires that automated teller machines disclose the account balance prior to any cash withdrawal.

ATM Balance Disclosure Bill

This bill would require ATMs (automated teller machines) in Rhode Island to show a customer their available account balance before completing a cash withdrawal. Currently, ATMs are not universally required to display your balance upfront during the withdrawal process. Under this bill, that balance information would have to appear on the screen before any money is dispensed.

The bill primarily affects bank customers and credit union members who use ATMs to withdraw cash. For everyday consumers, this could help prevent accidental overdrafts by making sure people know exactly how much money is in their account before they take cash out. It would also affect banks, credit unions, and other financial institutions that operate ATMs, as they would be responsible for updating their machines to comply with this requirement.

This bill has been introduced and sent to the Rhode Island Senate Commerce Committee, where it will be reviewed before any further action is taken.