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NY banks urged to waive transfer, processing fees for Holocaust reparation payments

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 The New York State Department of Financial Services has asked state-chartered financial institutions to waive wire transfer and processing fees for recipients of Holocaust reparations if they do not already do so.

“These fees impose a significant burden on elderly Holocaust survivors, victims and heirs who often rely on these payments to meet their everyday needs,” Acting Superintendent Adrienne Harris said in a press release on Wednesday. “Waiving these fees sends a powerful message on the willingness of New York’s financial community to have a meaningful impact on the lives of the people they serve.”

The post NY banks urged to waive transfer, processing fees for Holocaust reparation payments first appeared on World Federation of Jewish Child Survivors of the Holocaust & Descendants.

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