DIGITAL WALLET APPS-INTEREST House SponsorsRep. Edgar González, Jr. 1/7/2025HouseSession Sine Die 205 ILCS 5/45.2 new Amends the Illinois Banking Act. Provides that beginning July 1, 2025, digital payment applications and digital wallet applications operating in this State must pay interest to customers that are residents of the State on any financial balance stored in the application greater than $50 and that is stored on the application for more than 10 days. Provides that digital payment applications and digital wallet applications must pay interest equivalent to the national deposit interest rate for interest checking accounts, as calculated on a monthly basis by the Federal Deposit Insurance Corporation. 2/7/2024HouseFiled with the Clerk by Rep. Edgar González, Jr. 2/8/2024HouseFirst Reading 2/8/2024HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die