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More banks waiving fees in wake of Sandy

October 30, 2012: 3:29 PM ET

http://i2.cdn.turner.com/money/dam/assets/121030042738-bank-of-america-fees-waived-blog.jpg

Residents up and down the East Coast affected by Superstorm Sandy can at least breathe easy on one front: banking.

Most banks have told customers who were impacted by Sandy that they will waive fees through at least Wednesday.

Citigroup (C), Bank of America (BAC) and TD Bank (TD), said they'll waive overdraft fees on deposit accounts and late fees on all loans, as well as fees incurred from using other banks' ATM machines through Wednesday. Capital One (COF) said it would likely waive certain fees for affected customer and said it was telling people to reach out to the bank directly.

PNC (PNC) said it will automatically waive overdraft fees, but customers must call the bank to get late fees on consumer and business loans refunded.

Wells Fargo (WFC) said it plans to waive fees through Thursday and JPMorgan Chase (JPM) plans to give customers until Friday to get their accounts up to date. American Express (AXP) also said it would help customers rework payment schedules if they have been affected by the storm.

TD Bank took the extra step of allowing customers to withdraw certificates of deposit without a penalty and said it will expedite delivery of credit and debit cards, and will also instantly issue debit cards for customers in any of its locations.

Related: Markets to reopen Wednesday

Meanwhile, most bank branches in affected areas were still shut down Tuesday. PNC said its branches from Maryland to Manhattan remained closed, and branches as far inland as Northern Ohio were also forced to close their doors Tuesday.

Bank of America's branches remained closed in New York's five boroughs and the surrounding areas, as well as in Pennsylvania, New Jersey, Connecticut, Delaware, District of Columbia and Maryland. The bank reopened branches Tuesday in upstate New York, Maine, and New Hampshire. Some Bank of America branches in Massachusetts, Rhode Island and parts of Virginia also began reopening Tuesday, while others remained closed.

JPMorgan said it will begin reopening branches in the Northeast on Wednesday.

-- CNNMoney's Blake Ellis contributed to this report

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Maureen Farrell
Maureen Farrell
Staff writer, CNNMoney

Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.

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