Are withdrawals in the form of a certified check, bank check or money order free of charge?
Yes. G.L. c. 167D, s. 2 specifically prohibits all types of fees or charges on the accounts of protected account holders for the normally anticipated transactions which occur for the basic operation of such accounts. • Are fees for a Stop Payment Order prohibited? Yes. See Question 3. • Are fees for wire transfer prohibited? Yes. See Question 3. • Are fees for the return of an unpaid, or NSF, check drawn on the accounts of another prohibited? Yes. See Question 3. • Are fees for ATM card transactions and other electronic access prohibited? No. Fees may be charged if the use of an ATM or other electronic access is an optional account feature. Fees would be prohibited, however, if an ATM or other electronic access is the only permitted means of access to the protected account. • Are fees for traveler’s checks prohibited? No. It is the position of the Division that a bank may charge a fee against such accounts in connection with the purchase of traveler’s checks because it involves a two-s
