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League Fla. CFO FBA ask FIs to waive holocaust-payment fees
TALLAHASSEE, Fla. (3/16/11)--The League of Southeastern Credit Unions has joined Florida’s chief financial officer (CFO) in asking the state’s financial institutions to waive wire transfer fees charged to Holocaust survivors when receiving compensation or reparation payments, according to a release from the World Jewish Congress. The league joined state CFO Jeff Atwater and the Florida Bankers Association in the request. Atwater wrote a letter asking the chief executive officers of the financial institutions doing business in Florida to sign a commitment pledge to voluntarily waive the wire transfer or processing fees on Holocaust-related reparations. The fees range from $10 to $40 per transaction. “The transfer fee on Holocaust reparation payments essentially amounts to a 10% tax on each payment a survivor receives, a significant burden considering that the vast majority rely on these payments to make ends meet,” Atwater said. He added that waiving the fee “is a powerful reflection of the willingness of Florida’s financial community to contribute to the well-being of this important group of Floridians.” Seventeen financial institutions with more than 1,800 branches statewide have pledged to waive wire transfer fees for Holocaust survivors, according to Atwater’s office. Roughly 12,500 Florida Holocaust survivors and their families receive about $300 to $350 in monthly reparation payments.


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