Those of you burned by WaMu’s overdraft fees (like enrolling you in automatic overdraft protection with the high fees without telling you), The Federal Reserve’s public comment period on overdraft fees ends March 30th. You can comment here or send an email with “Docket No. R-1343” on the subject line. (WSJ article)
Fed up with WaMu/Chase? Lots of people are bailing on banks for credit unions, which are not-for-profit organizations and don’t suffer from the same greed motivations that banks do. (article) Smaller local banks are another option. (post)
Wow, Chase pissed off this person so much the started their own protest site dedicated to getting Chase to reverse its minimum payment and interest rate increase on credit cards.
All banks are trying to milk their credit card customers for as much as they can to make up for record defaults. Don’t stand for it!
WaMu branches may look like Chase now, but under the hood they don’t seem to be yet. One customer tried to deposit a check into a Chase account at a WaMu branch; it had to get mailed to a “real” Chase branch for deposit. (link)
Sigh. It just doesn’t seem to be getting any better at WaMu/Chase. Peter had a nightmare of a time trying to clean up the mess from attempting to use his debit card for a large purchase . (story)
John hated Chase and left for WaMu. Now he finds himself back with Chase, which charges him overdraft fees even when he has sufficient funds in his account. (story)
Chase expects to write off between 18% & 25% of the WaMu credit card portfolio. Imagine the fees they need to charge you to make up for this (this doesn’t look good). (article)