Bank Fee Waiver Program for Holocaust Reparation Payments
The New York State Department of Financial Services is leading the effort to assist Holocaust survivors and their families obtain waivers for wire transfer or processing fees associated with Holocaust reparations payments.
Although a small number of banks agreed to waive these fees in the past, those account for less than 5% of New York State’s financial institutions. There is currently no reliable list of institutions that committed to waive these fees nor do victims know how to obtain the waiver.
Holocaust victims and their heirs seeking assistance obtaining a fee waiver from their financial institution should complete the form available here and submit it to the Holocaust Claims Processing Office (HCPO) at [email protected] or contact the HCPO at 1-800- 695-3318. The HCPO is a unit of the Consumer Protection and Financial Enforcement Division of the New York State Department of Financial Services.
As of December 24, 2021, the following financial institutions have agreed to waive fees for wire transfers related to Holocaust reparation payments.
| Bank Name |
|---|
| American Community Bank |
| Apple Bank for Savings |
| Bank Hapoalim B.M. |
| Bank of Holland |
| Catskill Hudson Bank |
| Credit Suisse AG New York Branch |
| First Central Savings Bank |
| Goldman Sachs Bank |
| Habib American Bank |
| Jeff Bank |
| M&T Bank |
| MashreqBank Psc. New York Branch |
| Mega International Commercial Bank Co., Ltd. New York |
| National Bank of Pakistan New York |
| New York Community Bank |
| Rondout Savings Bank |
| Sawyer Savings Bank |
| Shinhan Bank America |
| Shinhan Bank New York |
| Signature Bank |
| Spring Bank |
| Standard Chartered Bank, New York |
| The Westchester Bank |
| Tompkins Community Bank |
| Ulster Savings Bank |
| Watertown Savings Bank |
| Woori America Bank |