Provides for multiple-person accounts; requires a signature card; provides that absent indication to the contrary, funds remaining in such an account upon the death of the depositor shall be deemed part of the depositor's estate.

New York Senate Bill S08649, introduced on January 7, 2026, by Senator James Sanders, aims to regulate multiple-person bank accounts. It mandates that such accounts require a signature card. Unless otherwise specified, any funds remaining in these accounts upon the depositor's death will be considered part of the depositor's estate. The bill was referred to the Senate Banks Committee but did not progress further.

Positive media analysis is being generated.

Although direct media critiques of Bill S08649 are lacking, opponents of comparable bills contend that these regulations could complicate the process for joint account holders, potentially leading to unintended consequences for surviving account members who might have expected immediate access to the funds.