ACONIA — With thousands of federal employees going without pay during the government shutdown, Bank of New Hampshire is offering two ways to give furloughed workers a break.
The first program the bank is offering will waive all fees associated with overdrawing a checking account and will increase the overdraft limit to $1,000. It will also waive the $1 non-Bank of New Hampshire ATM charge and will waive all monthly maintenance/service charge fees related to the account. This will provide customers with an opportunity to pay bills and buy food while they are not collecting a paycheck.
The second program offers consumer installment loan customers the option to skip their next loan payment. Both programs will run from October 7 through November 12, or until the government shutdown ends. To qualify for the programs, customers need a Bank of New Hampshire account/loan that has been in good standing for at least 60 days, a government ID, and a furlough letter to qualify.
"We are monitoring the situation closely and are prepared to help any customer who is facing difficulty as a result of the shutdown," stated Carolyn Peverly, SVP – Administration for Bank of New Hampshire. "Every situation is different so we ask that if a customer is having difficulty that they call us."
For more information, visit www.BankNH.com or call 1-800-832-0912.