As more and more news pours in about the Coronavirus it can leave us feeling helpless, distraught and overwhelmed. Thankfully some banks have stepped in and provided some ways to avoid fees during Coronavirus and help you get your life on track during these troubling times.
There are a few concrete measures Ally is putting in place to help. All overdrafts are currently waived for the next 6 months. Auto and Mortgage payments can also be deferred up to 120 days. There will also be no monthly maintenance fees or balance minimums. Click here for more info
Any monthly service fees for regular and small business customers will be waived. There will also be no penalties for early CD withdrawal if you are looking to take your money out. Citibank will also offer banking support to small businesses after hours and on the weekend. Give them a call however if your request is more specific, they stated they are willing to help out on a case by case situation.
Marcus by Goldman Sachs
Personal loans can now postpone their payments for one month without interest. The loan terms will also be extended by one month.
This bank is a combination of BB&T and SunTrust. They are offering 5% cashback on qualifying purchases when used at grocery stores and pharmacies. They are also waiving ATM surcharge fees making it easier for users of these banks to withdraw funds from any accredited ATM.
Bank of America, Capital One, Chase, Discover, PNC, Wells Fargo and U.S. Bank
The following banks here have encouraged users to call them and they will be able to offer various services on a case by case situation. Some of them mentioned that it can range from deferred loans, overdraft protection or waived fees during Coronavirus. Take a look at the links at the bottom for more information.
Bank of America