Bank of America – Support for Consumer and Small Business Clients Experiencing Hardship From the Impact of the Coronavirus
Agency / Department: Bank of America
Resource: Support for Consumer and Small Business Clients Experiencing Hardship From the Impact of the Coronavirus
Details: Consumer and Small Business deposit accounts: clients can request refunds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees.
Consumer and Small Business credit cards: clients can request to defer payments, refunds on late fees.
Small business loans: clients can request to defer payments, refunds on late fees.
Auto loans: clients can request to defer payments, with payments added to the end of the loan.
Mortgages and home equity: clients can request to defer payments, with payments added to the end of the loan.
In all of these instances, there will be no negative credit bureau reporting for up-to-date clients.
We have also paused foreclosure sales, evictions and repossessions.