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Big Banks Waiving Fees for Customers Affected by Sandy

Business News

0  Updated at 6:13 am, November 1st, 2012 By: ABC Digital
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Ryan McVay/Photodisc/Thinkstock(NEW YORK) — In the wake of Hurricane Sandy, several big banks — like Citi, Wells Fargo, Bank of America and TD Bank — are waiving some of their normal fees for customers in states affected by the monster storm.

One example is Chase Bank, which says customers in Washington, D.C., Virginia and much of the North East this week won’t be charged for overdrawing their checking accounts or making a late credit card payment. 

Citi is waiving fees at least until next Monday for affected customers who use overdraft protection, have insufficient funds, or who are late in paying their credit cards.

Wells Fargo says some of its branches that lost power are still open, as employees use flashlights and hand stamp deposit and withdrawal forms.

And TD Bank is not charging early withdrawal penalties for customers who want to cash in their certificates of deposit.

Copyright 2012 ABC News Radio