Blogs Jan 6, 2011 at 12:48 pm

Long After WaMu

Charles Mudede
Back to article

Comments

1
"Banking customers are live labourers that, human-like, simply move their money to banks offering better terms, whene'er their bank starts to suck."
gloomy gus on January 6, 2011 at 1:19 PM Report this
2
any word on other banks that offer free checking without shitpiles of fees? im looking to possibly switch from chase
derrickito on January 6, 2011 at 1:23 PM Report this
3
After a simple withdrawal from a non-Chase ATM cost me almost $10, I jumped ship. Salal credit union on 15th has yet to prove to me that they're not just as bad, but in any case, at least my fees won't be going to the sucking, infested wound that used to be WAMU.
ObeyTheFist on January 6, 2011 at 1:31 PM Report this
4
@2 off the top of my head BECU, Watermark CU, US Bank, ING Direct, Key Bank...
gloomy gus on January 6, 2011 at 1:38 PM Report this
5
Oh, *plus* it took them AGES to return the $1500 I lost as part of the Captiol Hill CC fraud thing. I had to report it twice, in fact, just to get them to start doing something. And they were like, "oh, no, don't bother the police with a report. The FBI is already on this one..."
ObeyTheFist on January 6, 2011 at 1:39 PM Report this
6
Considering how much the for-profit banks fucked us all over in recent years, I can't believe that anybody still trusts them with their money. Especially when we Seattlites have fantastic not-for-profit options like BECU so easily available.
hansblix on January 6, 2011 at 1:50 PM Report this
7
My friend had fraudulent withdrawals from her Chase account after staying at a hotel in Colorado. Chase couldn't block withdrawals, and she also wasn't allowed to shift all her money to another bank because she owed fees for each new deduction when the account hit zero.
There is sort of a risk when you close your account, but instead they leave it there dormant as though you might come back. They could start imposing a fee
on January 6, 2011 at 1:50 PM Report this
8
Many banks also used to have a free senior citizen account but if you don't have a direct deposit, you get charged $12 a month. I had to shop around to find one for my mom that didn't charge.
westello on January 6, 2011 at 1:59 PM Report this
9
It's really a subsidy shift. The parasitic banks don't have many of the low-income, highly indebted customer base to feed from, owing to the restructuring of overdraft fees and small print "gotchas" so the inert/inattentive customer base who think that their accounts are safe from fees and thus didn't race to better financial institutions are the next food source within a few cycles of "change in business practices."
on January 6, 2011 at 2:18 PM Report this
10
Top of my list of Twenny-Leven To-Do's: Close BOA account and switch to Salal.

merry on January 6, 2011 at 2:18 PM Report this
11
USAA is the truth.
laterite on January 6, 2011 at 2:20 PM Report this
12
Why does anyone use banks? I've had an account with a credit union for years now. They've never charged me a fee, they give me every service I can think of and more, they give me good returns on my money market account, they're far more friendly than any bank I've ever dealt with. Why is anyone still giving their money to these shady fuck nuts at the banks?

Seriously, fuck em. Go with the credit union.
Root on January 6, 2011 at 2:29 PM Report this
13
@12, the only good reason I can think of is that many credit unions don't do business lending.
Westside forever on January 6, 2011 at 3:09 PM Report this
14
Time to join a credit union.
samktg on January 6, 2011 at 3:50 PM Report this
15
I just joined BECU and will be closing my Chase accounts before the end of the month.
passionate_jus on January 6, 2011 at 4:31 PM Report this
16
I believe Twilight Exit is still doing their "Get a free dinner if you bring in proof of closing your Chase account"!
Steven Bradford on January 6, 2011 at 5:57 PM Report this
17
Do Chase customers now get billed for closing accounts? If so, I guess the best way to close out my checking would be to cash a check for every last cent in the account, then tell Chase to screw itself when it tries to charge me for letting my no-interest account drop below the new $1,500 minimum balance.
Demetria on January 6, 2011 at 7:10 PM Report this
18
When I closed my Chase account the manager took me to her desk to ask why. I gave reasons such as acceptance of bailout funds, excessive executive compensation, fees, being non-local and a few others. The funny thing was she checked canned checkmarks on the computer for each of these reasons -- no typing required! They already know they suck.

The move to BECU has been pretty good, though sometimes I get the feeling that they are just kids "playing bank".
8Way on January 6, 2011 at 8:09 PM Report this
19
This is not 'capital', it's just some people trying to make money off suckers.

Just go get a BECU or an Ally account. That is capital trying to make money by offering a good deal to the banking public.

On the East Coast they've known to steer clear of Chase for years. Now it's time for the West coast to learn too.
jvm on January 6, 2011 at 10:16 PM Report this
20
Class war. Its time to bayonet the working poor.
angelguts on January 7, 2011 at 1:18 AM Report this
21
Isn't it so, so lovely how they impose these nasty hidden fees on the people who can least afford to pay them? This shit ought to be illegal.
I have always been... east coaster on January 7, 2011 at 5:04 AM Report this
22
YouTube has a collection of funny text-to-software canned animations about retail bank policies and the demeaning scripts personal bankers and financial advisers must adhere to to reach lofty new demand deposit account numbers in a saturated market. Fcktheoctagon has uploaded three related to Chase; navigate along the related videos column to see Bank of America's lunacy.
on January 7, 2011 at 9:06 AM Report this

Please wait...

Comments are closed.

Commenting on this item is available only to members of the site. You can sign in here or create an account here.


Add a comment
Preview
Posted by (your name here)

By posting this comment, you are agreeing to our Terms of Use.

Editors' Picks

No, Washington Did Not Just Pass a Law Allowing the State to Kidnap and Transgenderify Children
No Clear Path Toward Criminalizing Drugs in Washington
How RuPaul Changed My Life
City Attorney’s Focus on “High Utilizers” Helps No One
Forced Out: The Corporate Success
Charles Krafft Is a White Nationalist Who Believes the Holocaust Is a Deliberately Exaggerated Myth
The Stranger
is a proud member of the media network
Masthead Ad Info & Rates Jobs at The Stranger Contact Privacy Policy Terms of Use Takedown Policy Find The Stranger Near You
Support The Stranger
All contents © Index Newspapers LLC
800 Maynard Ave S, Suite 200, Seattle, WA 98134