Tech

Ally Bank is wiping out customers’ negative balances so they can receive their full stimulus payments — and they don’t have to repay anything

Banks are allowed to use customers’ stimulus payments to cover debts. Ally Financial said Wednesday it would forgive overdrafts – without asking for repayment – so clients can receive their whole check. The bank, like most of its peers, has also increased its payment leniency on loans. Visit Business Insider’s […]
Ally Bank is wiping out customers’ negative balances so they can receive their full stimulus payments — and they don’t have to repay anything