The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
005
:
BANK PRODUCTS; PROHIBITIONS
(Cite as: 8 V.S.A. § 10501)
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§ 10501. Basic banking
It is the public policy of this State to promote the economic viability and prosperity
of its residents and to promote, attract, and encourage savings. The General Assembly
finds and declares that access to basic banking services for basic depository transactions
is necessary for the payment of monthly expenses and for the encouragement of thrift
by Vermont consumers. The General Assembly further finds and declares that reasonable
cost basic banking services promote savings on the part of consumers who are young,
old, or have low income and provide, through means of payment by check, draft, negotiable
order of withdrawal, or similar instrument, a viable alternative for cash transactions,
which is essential to all Vermont consumers. Therefore, it is the purpose of this
chapter to ensure that basic banking services remain available to all Vermont consumers. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2013, No. 96 (Adj. Sess.), § 25.)