How Banks Are Contributing to Hurricane Relief
November 6, 2012 9:31 AM
Banks and their customers were battered by last week’s storm, and many are still picking up the pieces. Click to see how banks are waiving fees, suspending foreclosure sales, keeping some offices closed for months and responding in other ways to this crisis. (Photo: Bloomberg News)
Charitable Cause
Many big banks, including JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC), pledged to donate millions of dollars to disaster-recovery efforts and agencies, including the American Red Cross.
Better Loans
JPMorgan said last week that it would lend a total of $5 billion on favorable terms to small and midsize businesses in areas hit by the storm. (Image: Shutterstock )
Interchange Break
MasterCard (MA) and American Express (AXP) waived interchange fees on charitable donations made with their cards. (Image: Shutterstock )
Extended Relief
This week, big banks said they would not charge affected customers fees for overdrafts or late payments through at least Wednesday. (Image: Shutterstock )
Mortgage Forbearance
Banks including JPMorgan and Citigroup (NYSE: C) offered 90-day payment moratoriums to mortgage borrowers in affected areas. (Photo: Bloomberg News)
ATM Gifts
Wells Fargo customers can also donate to the Red Cross at the bank’s ATMs . (Photo: Bloomberg News)
