Banks Extend Fee Waivers for Storm-Hit Customers
Some of the nation’s biggest banks have extended temporary waivers on a variety of fees and late charges for residents of states hit hard by Superstorm Sandy.
It’s an effort to ease pressure on customers to make bill payments when nearly 1.8 million homes and businesses remain without power across a swath of states.
The banks themselves still face power outages, forcing the shutdown of dozens of branches and ATMs.
JPMorgan Chase Inc. said automatic refunds of certain fees for those living in Connecticut, Delaware, Maryland, New Hampshire, New Jersey, New York, Massachusetts, Pennsylvania, Rhode Island, Virginia and the District of Columbia were extended until the end of business Nov. 7.
The extension applies to overdraft protection transfer, extended overdraft, returned item and insufficient funds fees, and late fees on credit cards, business and consumer loans, including mortgages, home-equity, auto and student loans.