This is a trying time for all of us because of the Coronavirus pandemic, but thankfully many businesses are offering financial assistance to customers during these times.
If you or a loved one is facing financial hardship and finding it difficult to meet your payment minimums for utility bills or other bills, reach out to one of your local companies.
Businesses Offering Financial Relief
Ally
With Ally, you will have the option to defer your mortgage payments for up to 120 days. Interest will continue to accrue, however there will be no applied late fees.
AT&T
For the next 60 days, AT&T has vowed that they will do all of the following things for their customers:
- Not terminate the service of any wireless, home phone, or broadband residential or small business customer because of their inability to pay their bill due to disruptions caused by the Coronavirus pandemic.
- Waive any late payment fees that any wireless, home phone or broadband residential or small business customer may incur because of economic hardship related to the Coronavirus pandemic.
- Keep their public Wi-Fi hotspots open for any American who needs them.
- All AT&T consumer home internet wireline customers, as well as Fixed Wireless Internet, can use unlimited internet data.
Bank of America
For those affected during this Coronavirus pandemic, Bank of America has a help page for their customers to help them find the resources necessary to aid them. If you have been negatively impacted by illness due to this virus and need additional assistance related to your bank account, they are asking that you contact them and let them know.
Barclays
For customers of Barclays who are experiencing or anticipate problems with making repayments to their mortgage, overdraft, personal loans or credit cards due to coronavirus, they removing penalty charges to accessing fixed savings accounts early for those facing hardship.
Capital One
Capital One may allow cardholders who meet certain requirements and are facing hardship to skip payments without accruing interest. Those impacted financially by Coronavirus should contact Capital One to discuss solutions that will fit their needs.
CenturyLink
For the next 60 days, CenturyLink has announced that they will be waiving late feesand will not terminate a residential or small business customer’s service due to financial circumstances related to the Coronavirus. They are also suspending data usage limits data due to this pandemic.
Chase
For Chase account holders who have been affected by Coronavirus, call the number on the back of your credit card or monthly statement to receive help with your account or payments.
Citi
Going on through April 7th, Citi is waiving fees on monthly services for retail bank customers as well as waiving penalties for early CD withdrawal. For those that are retail bank small business customers, they will be waiving fees on monthly service fees and remote deposit capture as well as waiving penalties for early CD withdrawal.
Comcast
Through May 13th, all late fees accrued by Comcast customers will be waived. Additionally, they are pausing their data plans through May 13th, giving all customers unlimited data for no additional charge.
On top of that Xfinity WiFi hotspots across the country will be available to anyone who needs them for free – including non-Xfinity Internet customers. For a map of your local Xfinity WiFi hotspots, visit their website and search for “wifi”. Once at a hotspot, consumers should select the “xfinitywifi” network name in the list of available hotspots, and launch a browser. New customers will recieve 2 months service free.
Cox
Through May 15th, data usage overages are being eliminated to meet the higher bandwidth demands. Customers with a 500 GB or Unlimited data usage add-on plan will receive credits.
Expensify
In all the areas they service, Expensify is helping families who are dependent on SNAP benefits receive additional assistance in purchasing essential goods. To do so, they will temporarily redirect all of its charitable funds to their site Expensify.org/hunger. Every Expensify Card purchase and donation directly contributes to assisting families by matching SNAP grocery purchases.
General Motors
If you’re in desperate need of a car during these times, then General Motors is here to help. They are currently offering interest-free APR financing for an unprecedented 84 months for very well-qualified buyers on more than 40 select 2020 and 2019 Chevrolet, Buick and GMC models. Those customers can also defer monthly payments for 120 days, when financed with GM financial.
In addition to this, they are also making OnStar Crisis Assist services available to current vehicle owners for a limited time, offering free in-vehicle data for all of their Wi-Fi equipped vehicle ownders for a limited time. With an allotment of 3 GB of data for three months (whichever comes first), customers may:
- Connect to their work or classroom remotely while within 50 yards of the vehicle.
- Stay connected with family members or others in need while traveling within the vehicle.
IRS
The IRS is delaying the April 15th tax deadline, allowing Americans to defer up to $1 million in payments to the Internal Revenue Service for 90 days.
Spectrum Mobile
For the next 60 days, Spectrum Mobile will not terminate service for residential or small business customers who aren’t able to pay for their services due to the Coronavirus pandemic. Additionally, they won’t charge any late fees for those customers facing difficult economic circumstances related to the pandemic and will open their WiFi hotspots across their footprint for public use.
Sprint
Effective March 18th, Sprint is providing unlimited data for 60 days to customers with metered data plans, giving 20 GB of free mobile hotspot to customers with hotspot-capable devices, and offering complimentary rates from the U.S. to CDC-defined Level 3 countries to customers with international long-distance plans (effective 3/17).
T-Mobile
For the next 60 days, all current T-Mobile and Metro by T-Mobile customers who have plans with data will have unlimited smartphone data (excluding roaming). Additionally, customers on smartphone plans with hotspot data will receive some aid on their bill.
Verizon
With the economic issues that come with the Coronavirus, Verizon wants to keep their customers connected during this global crisis, so they are waiving late fees for residential and small business customers impacted by the pandemic. Also, they are offering free international calling to CDC level 3 countries.
Verizon will also waive activation fees on new lines of service and upgrade fees starting March 18. This applies to all purchases and service-only activations made through Verizon digital channels, such as the Verizon website and the My Verizon app.
Bottom Line
During times like this, it is hard on everyone and it’s understandable that many aren’t going to be able to pay bills. With this in mind, many companies helping their communities out by delaying payment of bills and more.
These businesses offering temporary financial assistance can be the difference during these difficult times, so be sure you check out these companies if you do business with any of them! If there are any other businesses or companies we’ve missed, let us know! We’re here to help! For more posts like this, check out more ways to save money!