The Associated Press
Some of the nation's biggest banks have extended temporary waivers on a variety of fees and late charges for residents of states hit hard by Superstorm Sandy.
It's an effort to ease pressure on customers to make bill payments when nearly 1.8 million homes and businesses remain without power across a swath of states.
The banks themselves still face power outages, forcing the shutdown of dozens of branches and ATMs.JPMorgan Chase Inc. said automatic refunds of certain fees for those living in Connecticut, Delaware, Maryland, New Hampshire, New Jersey, New York, Massachusetts, Pennsylvania, Rhode Island, Virginia and the District of Columbia were extended until the end of business Nov. 7. The extension applies to overdraft protection transfer, extended overdraft, returned item and insufficient funds fees, and late fees on credit cards, business and consumer loans, including mortgages, home-equity, auto and student loans. Chase mortgage customers in those states may be able to get a 90-day moratorium on making mortgage payments. Customers should call 888-356-0023 and choose option 1 for mortgage to learn more. Chase said about 87 percent of its total branch and ATM network in the New York-New Jersey-Connecticut metro area had power restored. Citigroup Inc. likewise extended until Nov. 7 fee waivers for overdraft protection, non-sufficient funds, late payments on credit products, early CD withdrawal and wiring funds to affected Citi customers. Citi mortgage customers should call 800-283-7918 to inquire about payment options. The New York-based bank said more than 80 percent of its branches and ATMs were back in service. Nov. 7 is also the date for extensions at Wells Fargo & Co. on fees it normally charges its customers for using another bank's ATMs. Wells Fargo will also allow customers with CDs to withdraw funds from these accounts without incurring an early withdrawal penalty. These fee waiver extensions are available in the storm-affected states of New Jersey, New York, Connecticut, Pennsylvania, Delaware, Maryland, Virginia and the District of Columbia.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV