Pendum

Wells Fargo & Co. has announced that, as of today, most of its 12,000-plus ATMs in the U.S. will be able to accept customer donations for American Red Cross relief efforts in the wake of Hurricane Sandy.

Additionally, the company will give $1 million for relief and recovery efforts. Of this amount, $250,000 will go to the American Red Cross Disaster Relief Fund to support the agency's work in hurricane-affected areas. The remaining $750,000 will be divided among selected nonprofits to support their grassroots relief and recovery efforts.

“The coming days and weeks are going to be difficult for those impacted by this devastating, historic storm and Wells Fargo wants to help,” said Michelle Lee, Northeast regional president for community banking at Wells Fargo. “Concerned Wells Fargo team members and customers also want to help, and they will be able to do so by making direct donations to the Red Cross at most of our ATMs.”

From Oct. 31 through Nov. 13, Wells Fargo customers can donate to the ARC Disaster Relief Fund at Wells Fargo ATMs across the U.S. (except in Kansas, Missouri, and Washington, D.C., due to local restrictions). Customers will not be charged a fee for using this service and 100 percent of the donations will go to the American Red Cross.

To further aid customers in affected areas, Wells Fargo is expanding its mobile deposit service to include customers in markets directly affected by the storm. The company also will waive or credit certain fees incurred by hurricane victims from Oct. 29 through Nov. 1. These include off-us ATM fees and late fees on credit cards and home-equity, auto and student loans, and some small business loans. 

For more on this topic, visit the bank/credit union research center.

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