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Some Banks Suspend ATM Fees; Gov Gives Student Loan Break

M&T Bank, Apple Savings, Dime Savings Bank of Williamsburgh, Emigrant Savings Bank and New York Community Bank will drop fees during the hurricane recovery.

With many businesses still reeling from power loss only accepting cash, Gov. Andrew Cuomo on Friday announced that several state-charted banks will suspend ATM fees while locals are recovering from Superstorm Sandy.

M&T Bank, Apple Savings, Dime Savings Bank of Williamsburgh, Emigrant Savings Bank and New York Community Bank will drop fees during the hurricane recovery.

"Thousands of New Yorkers’ lives have been disrupted by the storm – including their usual financial obligations and activities," Cuomo said in a statement. “As a result, some people may have late payments or be forced to incur other bank fees and penalties. For example, they may not be able to avoid ATM fees if they can’t find a working ATM from their own bank."

Those banks will also waive late fees, overdraft fees, bounced-check fees and early withdrawal fees.

The governor on Friday also announced that the New York State Higher Education Services Corp. will give a 90-day grace period to students from New York affected by the storm, extending until Jan. 25, 2013.

The HESC will also hold off on reporting delinquent accounts to credit bureaus during that time.

Arguendo November 10, 2012 at 03:44 PM
The right thing -- for LIPA, AT&T, Verizon/FiOS, Cablevision et al -- would be to waive subscription fees for periods during which service was not rendered.
jonathan winant November 10, 2012 at 05:02 PM
What should the cell phone companies offer customers due to poor or non-exsistent service during the storm? Verizon cell service was spotty at most.
ImPaul November 11, 2012 at 01:35 AM
I heard from one of my credit card companies - capitol one that they too were waving fees... all should do the same - as should all the banks with their ridiculously high interest charges & ATM fees.
Stephan November 11, 2012 at 02:57 PM
Is there any possibility that the Town of North Hempstead will be extending the deadline for paying taxes, which is currently November 13?
George Mulligan November 11, 2012 at 03:19 PM
I heard that the deadline has been extended to December 4th.

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