Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Reuters
Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in - Reuters 2 Min Read (Reuters) - The top U.S. retail banks said on Wednesday they would provide relief to customers who had overdrawn checking accounts, so that they could reap the full benefits of the federal government’s cash stimulus program. Americans stand to receive payments of up to $1,200 each as part of Congress’ $2.2 trillion aid package meant to stem the fallout from the novel coronavirus outbreak that has shuttered businesses and left more than 10 million people unemployed. The first wave of the payments began to hit bank accounts through direct deposits this week. JPMorgan Chase & Co ( JPM.N ), Bank of America Corp ( BAC.N ) and Wells Fargo & Co ( WFC.N ) are pausing collection on negative balances or offering temporary credits to customers who have overdrawn their accounts. Without the relief, the payments would be reduced by the amount of the negative balance, which can include hefty
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website