Houston-area banks waive ATM fees in Hurricane Harvey's wake

Aug. 29, 2017

As Level 4 Hurricane Harvey, now Tropical Storm Harvey, continues to dump epic amounts of rain on the greater Houston area, many banks in flood-ravaged areas are waiving fees at their ATMs.

A report by CNBC said that JPMorgan Chase will waive or refund ATM fees on customer accounts through Sept.10. The bank also will waive overdraft and service fees on deposit accounts, as well as late fees on auto loan, credit card, mortgage and business banking accounts.

Similarly, Bank of America has said that it "automatically will refund fees incurred by our consumer and small business customers in the areas impacted by the storm." BofA branches will remain closed until at least Wednesday in affected areas, the report said.

Dallas-based Comerica has announced that it will waive off-us and foreign fees at its ATMs for an unspecified duration.

Regional bank BB&T issued a statement saying that the bank will "work alongside our clients in the area to meet their needs in this difficult time and address any fees or charges related to the storm."

Chase and Wells Fargo have each pledged $1 million toward hurricane relief efforts; BB&T is donating $100,000 to the area Red Cross and is trucking in bottled water and other essential supplies for flood victims.

According to data from the National Weather Service, some areas in the storm's path have already received up to 20 inches of rain and may receive 15–25 inches more by Thursday.


Topics: Bank / Credit Union, Transaction Processing


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