(Source: Time MoneyLand By Martha C. White) – Americans along the East Coast, especially in the Northeast, are still grappling with the aftereffects of Hurricane Irene. Many have no power and a smaller number have been displaced from their homes or are trapped by washed-out roads or bridges. Two of the nation’s biggest banks along with regional banks are extending a helping hand to people whose lives have been upended by the storm.Wells Fargo and Chase are temporarily waiving certain fees and penalties to give customers in hard-hit states some breathing room. According to a Chase spokesperson, the bank contacted customers in New York, New Jersey and Connecticut, where the bank has branches, in addition to customers in Vermont, North Carolina, Virginia, Delaware, Massachusetts, Rhode Island, Maryland, Pennsylvania, Maine and New Hampshire. In its communication to accountholders, Chase says that through Sunday, it’s waiving fees for using other banks’ ATMs. Chase is also waiving late-payment, overdraft, overdraft protection transfer and insufficient fund fees.

Source: Time MoneyLand By Martha C. White

September 1, 2011

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