News

Banks waiving fees for Irene victims

Several banks have decided to waive a variety of fees for customers who reside in the areas hit by Hurricane Irene.

Chase will waive overdraft fees and out-of-network ATM fees on checking accounts as well as late fees on credit cards and mortgages for customers in 13 coastal states through Sunday, according to the Associated Press.

These 13 states include Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont and Virginia.

Wells Fargo customers living in Connecticut, New Jersey and New York will not have to pay out-of-network ATM fees or early withdrawal fees on certificates of deposits, the Associated Press reports.

Capital One, Bank of America, HSBC, PNC and Citi will determine fee waivers for customers on a case-by-case basis.

"We are ready to provide financial recovery solutions should clients be in need of assistance, including access to cash and waiving fees for those who have been impacted by the storm," a Citi spokesman said, according to CNNMoney.com. "We encourage clients to contact customer service or go to a nearby branch, and we will work to help with their individual needs."

Hurricane Irene flooded many homes and offices up and down the East Coast. On Tuesday, more than 2.5 million people were still without electricity and thousands of airline passengers were still stranded.

Initial estimates put Irene's damage at $7 billion to $10 billion.

Comments are closed.