I opened an account with WAMU in August. Right away I started noticing WEEKLY overdraft fees, and many of them have been from CASH ATM withdrawals on my DEBIT CARD!!! How can the ATM give you money that isn't there? It can't! The money WAS there, but then WAMU took all the charges and put them in the acccount BEFORE adding the credits of my daily direct deposits from work.
I check my balance every morning. It showed the direct deposits had been applied. No charges yet. So I went shopping. Spent 20 here, 40 there... adding up to less than 100 dollars. I get home, and lo and behold, my account shows the purchases FIRST, then the deposit had been MOVED up, as if I had spent the money before getting the deposit. There is NO WAY I could have, because the card would have declined if the funds weren't there. Tried explaining that to a rep, along with the concept of HOW the ATM could give me 400 bucks if it's not there, he said, "Well we aren't going to take the fees off, and I have nothing more to tell you. Have a nice day" and hung up!!!
I am getting out of this disgusting ripoff bank asap. Do yourself a favor, DO NOT bank with them!!! I will take a greedy white guy in a suit over that wimp that sells wamu on tv anyday after this nightmare.
Don't believe the commercials. Free checking? BULL!!!
Monetary Loss: $500.