What You Should Know about PPP Round Two - Leumi USA

What You Should Know about PPP Round Two

What To Know About PPP Round two

The Economic Aid Act has extended PPP through March 31. Read our Client Alert to learn more about changes to the program, updated requirements, and how they may impact you.

Branch closings

Bank Leumi USA branches are temporarily closed (effective March 26, 2020).

Dear Clients,

To ensure the health and safety of our employees, clients, and community, we are temporarily closing the New York, Aventura, Chicago, and Los Angeles branches of Bank Leumi USA until further notice.

We are committed to providing you with the best possible banking experience at all times. Our team is still working and available to help you with your banking needs even though our branches are closed. If you have any questions or need assistance, please contact your Banking Team directly or call 1-800-892-5430.

We apologize for the inconvenience and appreciate your continued business.

Thank you,

Bank Leumi USA

COVID-19 financial assistance

Bank Leumi USA is committed to supporting our clients in their time of need. If you are experiencing financial hardship as a result of the COVID-19 situation, we have options that may help you. For clients who are directly impacted:

  • Late fees for credit cards and overdraft fees and interest may be waived and refunded upon request.
  • Penalty-free withdrawals of time deposits opened prior to March 1, 2020 may be permitted upon request.

Your eligibility for such options are subject to bank approval. For more information, please contact your Banking Team directly, or call 1-800-892-5430

SBA Paycheck Protection Program information

The Small Business Administration finalized the interim final rules for the Paycheck Protection Program on April 2, 2020.  Please find information related to the final rulemaking here.

International  Mail Delivery & E-Communication Update

The U.S. Postal Service has temporarily halted international mail delivery to certain countries as a result of the global pandemic. If you live in an impacted area, you will not receive paper mail from us at this time. In order to continue providing you the highest level of service, we are encouraging all of our international clients to enroll in our online banking platform to receive electronic communications about your accounts. These electronic communications are more secure and eco-friendly than paper-based mail, and will allow us to provide you with notices, disclosures, agreements, and statements more directly via e-mail or the Leumi Online platform.

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