(a) As required by subdivision (7) of section 500-c of the Correction Law, an institutional fund account shall be maintained on behalf of every inmate, and deposits shall be made into such accounts of any prisoner funds received.

(b) For the purpose of receiving prisoner funds, the sheriff or chief administrative officer may utilize, or cause to be utilized, electronic kiosks, automated teller machines, or other similar devices or systems capable of allowing members of the public to deposit funds into an inmate's institutional fund account. Members of the public depositing prisoner funds in such a manner may be charged a service fee not to exceed $5 per transaction.

(c) Devices and systems utilized pursuant to subdivision (b) of this section shall comply with all applicable laws, codes, rules and regulations, including the New York State Banking Law and the rules and regulations of the New York State Banking Department.

(d) Nothing contained in this section shall otherwise relieve a facility of the requirement to receive and deposit prisoner funds, without imposition of a service fee, pursuant to sections 7002.4(f), 7004.6(b)(4) and 7025.4(c) of this Title.

(e) Notice shall be conspicuously posted by, on, or proximate to any device or system utilized pursuant to subdivision (b) of this section, advising members of the public: