Ally Bank is wiping out customers' negative balances so they can receive their full stimulus payments — and they don't have to repay anything
Ally Financial CEO Jeffrey Brown speaks at the TMCF 32nd Anniversary Awards Gala on October 19, 2019 in Washington, DC.Ally Financial said Wednesday it would forgive overdrafts — without asking for repayment — so clients can receive their whole check.
Business Insider has asked Ally for more details, like any limits on overdraft forgiveness or total forgiven so far, and will update this post if any information is received. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
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