This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Wells Fargo To Give $1 Million To Hurricane Sandy Relief Efforts

Wells Fargo & Company (NYSE: WFC) said today the company will donate $1 million for relief efforts in the wake of Hurricane Sandy. A portion of the funds, $250,000, will go to the American Red Cross Disaster Relief Fund to support relief efforts the agency is directing throughout impacted areas in the region. The remaining $750,000 will go to support nonprofits conducting grassroots relief and recovery efforts in affected areas.

In addition, most of Wells Fargo’s more than 12,000 ATMs in the U.S. will be able to accept donations for American Red Cross relief efforts. The company also is expanding its Wells Fargo Mobile ® deposit services in the impacted areas.

“The coming days and weeks are going to be difficult for those impacted by this devastating, historic storm and Wells Fargo wants to help,” said Michelle Lee, Northeast regional president, Community Banking. “Our donation to the American Red Cross will help immediate relief efforts while our donations to local non-profits will support longer-term efforts that will be needed in storm-hit communities and neighborhoods. Concerned Wells Fargo team members and customers also want to help, and they will be able to do so by making direct donations to the Red Cross at most of our ATMs.”

American Red Cross donations at Wells Fargo ATMs

From October 31 through November 13, Wells Fargo customers can donate to the American Red Cross Disaster Relief Fund at Wells Fargo ATMs across the U.S. (with the exception of Kansas, Missouri, and Washington, D.C., due to local restrictions). Customers will not be charged a fee for using this service and 100 percent of the donations will be sent to the American Red Cross.

Mobile deposit services expanded to customers in impacted states

To further aid customers impacted by the hurricane, Wells Fargo is expanding Wells Fargo Mobile deposit service beyond New York, Connecticut and Virginia to include customers in Delaware, Maryland, New Jersey, Pennsylvania and Washington D.C. Using this service, customers can deposit most checks directly into their eligible Wells Fargo checking or savings account using the Wells Fargo Mobile App supported on Apple and Android devices.

Fees waived for Wells Fargo customers

Additionally, Wells Fargo previously announced that in response to Hurricane Sandy’s impact it is waiving or crediting certain fees beginning Monday, Oct. 29 through Thursday, Nov. 1 in markets directly affected by the storm. Wells Fargo is waiving late fees on credit cards, certain small business and consumer loans, including home-equity, auto and student loans. It is also waiving the fee it normally charges its customers when they use another bank’s ATMs. This applies to customers in New Jersey, New York, Connecticut, Pennsylvania, Virginia, Washington, D.C., Maryland, and Delaware.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs