ED Magedson – Founder
JP MORGAN CHASE BANK AND WASHINGTON MUTUAL BANKInternet United States of America
In 2008, I banked with WAMU and Chase. When WAMU went under I owed them close to $250. I knew that I would have to pay them eventually after Chase bought them. No problem...They have never sent any info to inform me to pay them and that they were going to take it out of my check and save account. They simply emptied out both my accounts without notifying me. It was not much $81 in check and $55 in save, but that was all I had. I called and they told me that I still owe $106 so that when my direct deposit comes in it will be deducted from that. Ok, not a problem, but they could have waited and took it all out when money was deposited, or they could have taken half of what was in my account instead of leaving me with zero balance.
I think it is poor customer relations and once I am square with them I am changing banks. Sad to know that they have the power to take your money without notifying you.
This report was posted on Ripoff Report on 07/14/2010 07:17 PM and is a permanent record located here: http://www.ripoffreport.com/reports/jp-morgan-chase-bank-and-washington-mutual-bank/internet/jp-morgan-chase-bank-and-washington-mutual-bank-j-p-morgan-wamu-zero-balance-internet-623278. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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