An Ignoble Experiment: The Aftermath: What You Need To Know About Bank Closures, Scams, Hurricane Deductibles And More

2012/10/30

Tuesday, October 30, 2012

Banks Close Branches, Waive Fees For Customers In Storm's Path

As millions of Americans on the East Coast awoke Tuesday to extensive power outages, flooding, mass transit shutdowns and road closures, banks in the storm's path announced they will waive late-payment and ATM fees for customers who were affected.

JP Morgan Chase -- the biggest bank in the U.S. -- closed its retail branches in New York, New Jersey and Connecticut on Tuesday, according to the New York Times.

The bank emailed customers Sunday night announcing that certain fees would be waived until October 31 for customers impacted by the storm.

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