Wells Fargo to Give $1 Million to Hurricane Sandy Relief Efforts
Wells Fargo ATMs also to accept donations for American Red Cross; Bank's mobile deposit services to be expanded in impacted areas
SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYS: WFC) said today the company will donate $1 million for relief efforts in the wake of Hurricane Sandy. A portion of the funds, $250,000, will go to the American Red Cross Disaster Relief Fund to support relief efforts the agency is directing throughout impacted areas in the region. The remaining $750,000 will go to support nonprofits conducting grassroots relief and recovery efforts in affected areas.
In addition, most of Wells Fargo's more than 12,000 ATMs in the U.S. will be able to accept donations for American Red Cross relief efforts. The company also is expanding its Wells Fargo Mobile®deposit services in the impacted areas.
"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, Community Banking. "Our donation to the American Red Cross will help immediate relief efforts while our donations to local non-profits will support longer-term efforts that will be needed in storm-hit communities and neighborhoods. 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."
American Red Cross donations at Wells Fargo ATMs
From October 31 through November 13, Wells Fargo customers can donate to the American Red Cross Disaster Relief Fund at Wells Fargo ATMs across the U.S. (with the exception of 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 be sent to the American Red Cross.
Mobile deposit services expanded to customers in impacted states
To further aid customers impacted by the hurricane, Wells Fargo is expanding Wells Fargo Mobile deposit service beyond New York, Connecticut and Virginia to include customers in Delaware, Maryland, New Jersey, Pennsylvania and Washington D.C. Using this service, customers can deposit most checks directly into their eligible Wells Fargo checking or savings account using the Wells Fargo Mobile App supported on Apple and Android devices.
Fees waived for Wells Fargo customers
Additionally, Wells Fargo previously announced that in response to Hurricane Sandy's impact it is waiving or crediting certain fees beginning Monday, Oct. 29 through Thursday, Nov. 1 in markets directly affected by the storm. Wells Fargo is waiving late fees on credit cards, certain small business and consumer loans, including home-equity, auto and student loans. It is also waiving the fee it normally charges its customers when they use another bank's ATMs. This applies to customers in New Jersey, New York, Connecticut, Pennsylvania, Virginia, Washington, D.C., Maryland, and Delaware.
Wells Fargo Home Mortgage customers affected by Hurricane Sandy in New Jersey, New York, Massachusetts, Rhode Island, Connecticut, Pennsylvania, Virginia, Washington, D.C., Maryland, and Delaware with existing home mortgages should call to inquire about payment options available to eligible customers and for guidance on handling property insurance loss claims.
Customers with other concerns may discuss their financial options by contacting Wells Fargo 24 hours a day, seven days a week at 1-800-TO-WELLS (1-800-869-3557). Customers can also visit their nearest Wells Fargo store once normal hours of operation resume.
About Wells Fargo
Wells Fargo & Company (NYS: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune's 2012 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. In 2011, the Company invested $213.5 million in grants in 19,000 nonprofits, and team members contributed more than 1.5 million volunteer hours around the country. For more information, please visit: www.wellsfargo.com/about/csr.
Wells Fargo & Company
Aimee Worsley, 704-374-6092
Kevin Friedlander, 908-907-1317
KEYWORDS: United States North America California
The article Wells Fargo to Give $1 Million to Hurricane Sandy Relief Efforts originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.