>> Coronavirus: What is in the stimulus bill?
Consumer Relief: KeyBank will offer a payment deferral of principal and interest for up to 90 days upon request. Mortgages, home equity, student, auto, lines of credit and credit card can be considered. There will be no negative reporting to credit bureaus. Interest will continue to accrue during deferral. Contact your local branch.
Small Business Relief: Lower borrowing costs, including the option to defer payments for 90 days, will be offered.
KeyBank already is offering a shorter-term unsecured personal loan up to $5,000.
The KeyBank Foundation also announced this week an initial $1 million commitment to communities it serves. These funds will be in addition to a 2 for 1 match for employee gifts up to $2,000 made between March 1 and April 30.
Certain branches will close temporarily beginning Monday, March 30. Branches that remain open will operate as drive-thru and appointment-only. Customers still can access the bank 24/7 through online and mobile.
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