Hikind Secures Commitments From A Dozen Banks To Waive Wire Transfer Fees Associated With Reparation Payments To Holocaust Survivors


Assemblyman Dov Hikind (D-Brooklyn) today announced an agreement with a dozen financial institutions to waive wire transfer fees for Holocaust survivors who receive reparations monies.

“When my constituents first contacted me about wire transfer fees, I was shocked to learn that some banks were charging Holocaust survivors as much as $30 a month to receive reparation monies. For some survivors, reparation payments constitute much of their income, and every dollar counts,” said Hikind. He continued, “I am absolutely thrilled to have been able to facilitate this agreement on behalf of survivors.”

The following banks have partnered with Hikind to waive reparations-related wire transfer fees:

Apple Bank, Astoria Federal Savings and Loan, Capital One, Dime Savings Bank of Williamsburgh, Emigrant Bank, HSBC, JP Morgan Chase, M&T Bank, Signature Bank, Sovereign Bank, The Berkshire Bank and Valley National Bank.

“I commend all of the financial institutions which gave their commitment to waive the fees, and in so doing, have improved the quality of life for so many survivors,” Hikind remarked.

Holocaust survivors receiving reparation monies via wire transfer should visit their local branches to request that their account be coded. This will ensure that future wire transfer fees are waived. For more information or assistance, please contact the Office of Assemblyman Hikind at 718.853.9616.

(YWN Desk – NYC)