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In The News

Wells Fargo gives $1M for Hurricane Sandy relief

 

Superstorm Sandy has finally passed, but the cleanup has just begun.

To aid in the relief effort, Wells Fargo & Co.is donating $1 million to the American Red Cross Disaster Relief Fund and other grassroots nonprofits.

Red Cross will receive $250,000 of the charitable donation, while the remainder will be divvied up amongst several nonprofits on the East Coast that will work on long-term relief efforts.

“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 Wells Fargo’s Michelle Lee, Northeast regional president of community banking.

The bank is helping others contribute by accepting donations through its more than 12,000 ATMS throughout the country. Wells Fargo customers in most parts of the country will be able to give money through Nov. 13th. Donations will go directly to the Red Cross.

For affected customers in the region, the company is expanding its mobile deposit services beyond New York, Connecticut and Virginia to include customers in Delaware, Maryland, New Jersey, Pennsylvania and Washington D.C. Through the service, customers can deposit checks directly into their checking or savings account.

Through today, Wells Fargo also is waiving late fees on credit cards, certain small business and consumer loans, as well as the fee it normally charges when customers use another bank’s ATMs.

The American Red Cross on Wednesday announced that it has received more than $11 million in donations for its efforts. Other donors include the New York Yankees, Citi Foundation, CVS Caremark and United Airlines Foundation.

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