In the wake of a disaster such as Superstorm Sandy, much of the attention is focused on the widespread damage to physical property. But natural disasters also ravage family finances, in part by making it difficult to keep up with day-to-day financial chores such as paying bills and avoiding checking account fees.
Some banks are trying to help ease this burden by waiving some bank fees. As my colleague David McMillin noted Monday, JPMorgan Chase & Co. announced it will suspend overdraft fees until Thursday in areas affected by the storm.
Now, other banks are following suit. Wells Fargo has announced it will waive out-of-network ATM fees and late payment fees for customers impacted by Sandy, according to a report by The Huffington Post.
Bank of America and TD Bank also will waive out-of-network ATM fees and late fees for customers in affected areas as long as they contact customer service to request a waiver. Citibank also will waive out-of-network ATM fees for some customers, according to the report.
Have you received any notices from your bank regarding the storm?
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