CONTINUE TO SITE »
or wait 15 seconds

news

US banks pull together in hurricane's wake with ATM and loan fee relief, charitable donations


In the aftermath of Hurricane Florence, financial institutions  across the U.S. are pitching in with donations and other relief efforts to help storm victims in the Carolinas rebuild homes and lives.

Here's a partial list:

Bank of America Corp.
Charlotte-based BofA is donating $1 million for relief and recovery; this includes $250,000 donated to the American Red Cross for storm preparations.

BB&T
Winston-Salem, North Carolina-based BB&T is waiving ATM fees for customers who use non-BB&T machines to get cash. The bank is also encouraging customers to contact the bank directly to talk about payment extensions and additional fee waivers.

Capital Bank Foundation
The foundation will match donations from the public to the American Red Cross, dollar-for-dollar, up to a total of $25,000. Donations will be accepted at all Capital Bank and First Tennessee financial centers. 

Fifth Third Bancorp
The bank has set up six stations across the state to accept donations of bottled water, bleach, mops, diapers, paper products, cleaning supplies, toiletries, baby supplies and nonperishable foods through Sept. 28. Branches are also collecting monetary donations to the United Way Hurricane Florence Recovery Fund.

JPMorgan Chase & Co.
The bank is donating $500,000 to the Foundation for the Carolinas, the Carolina Small Business Development Fund and the Mercy Corps., will also match employee donations to those three organizations.

PNC Bank
PNC Bank will send its mobile banking units to disaster areas. Additionally, the bank will refund fees for non-PNC ATM withdrawals, as well as overdraft fees from Sept. 12–21 for customers in the Carolinas, the bank said it is also refunding fees, such as overdraft fees, from Sept. 12 until Sept. 21. Fee waivers for credit cards and loan products may be available upon request.

Regions Financial Corp.
Regions Bank is waiving fees for customers using non-Regions ATMs; letting people cash FEMA-issued checks fee free; extending payments for credit cardholders and more. Customers with CDs will also be allowed to make one withdrawal penalty free.

SunTrust
SunTrust is reversing customer fees and surcharges at non-SunTrust ATMs through the evacuation period, and will not report late payments to credit bureaus for 90 days for customers in FEMA-declared major disaster areas. Payment relief on lending products may also be provided upon request.

TD Bank
The bank has donated $100,000 to the American Red Cross in Cape Fear and Eastern South Carolina and will provide additional donations once hurricane impact assessments have been conducted. Customers in affected areas may request fee refunds and waivers.The bank will deploy two mobile banking centers as needed. Affected employees can request grants for insurance deductibles, living expenses and repairs for storm-related damage.

Wells Fargo
Wells Fargo will reverse ATM fees and late fees on lending products for 90 days. The bank is also offering breaks to business customers. Additionally, the Wells Fargo Foundation is donating $1 million for hurricane relief efforts, half of which will go to the American Red Cross.

FDIC
The FDIC is working with banking agencies and other organizations to determine the status of financial institutions in the affected areas. Links to state-specific information are available at the FDIC website.


Reporting for this story was sourced fromBankrate.com; Bizjournals.com; Greenville Journaland various press releases.


KEEP UP WITH ATM AND DIGITAL BANKING NEWS AND TRENDS

Sign up now for the ATM Marketplace newsletter and get the top stories delivered straight to your inbox.

Privacy Policy

Already a member? Sign in below.

  or register now

Forgot your password?


You may sign into this site using your login credentials
from any of these Networld Media Group sites:

b'S2-NEW'