re: #67 Dr. Matt

At least my evil too big to fail employer is doing the right thing for once. Go get your money out if you’re in this position.

Jim Seitz, a spokesperson from Wells Fargo, gave this statement to the Prospect: “To do our part to provide our customers access to the stimulus payment funds, Wells Fargo is pausing for 30 days the collection of negative balances existing at the time when stimulus payments are deposited.” This protects the payment for a period of time, but presumably the payment would have to be spent or transferred out of the account within a month to avoid Wells Fargo taking it to cover a debt thereafter. JPMorgan Chase and Bank of America announced a similar policy on Wednesday.

prospect.org