During Covid-19, this is how some U.S. banks are helping customers

USAA Bank USAA, the country’s fifth largest property-casualty insurer, is returning an additional $280 million dividend to auto insurance policyholders based on fewer drivers on the road during COVID-19 stay-at-home orders. This follows last month’s announcement that USAA would provide a dividend of $520 million to its members as a 20% credit on two months’ worth of premiums.

Read the full article on USAA’s website here

Bank of America

“We are focusing our resources on the number one priority – looking after people” – Brian Moynihan, CEO of Bank of America.

In response to the extraordinary challenges of the coronavirus, Bank of America is offering additional support to our consumer and small business clients through our Client Assistance Program.

Wells Fargo

Per Charlie Scharf, CEO – If you’re experiencing a hardship or have other needs, we’ll work with you. We’re suspending residential property foreclosure sales, evictions, and involuntary automobile repossessions. Also, on a case-by-case basis, we’re offering fee waivers, payment deferrals, and other expanded assistance for credit card, auto, mortgage, small business, and personal lending customers who contact us.


Memorial Day 2020, Remembering Pearl Harbor

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Author: @beAsaveaholic

During the coronavirus pandemic, we teach you how to save money, live a frugal life, live below your means, survive financially, and do what you can to help others.

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