Washington Mutual Complaint - They Are Robbing Our Family And Getting Away With Hit. Maybe Yours Too.
CALIFORNIA -- Washington Mutual has it set up so that all the transactions of the day go though from the Highest to the lowest amt. on withdrawals.
by doing it this way they are able to receive more overdraft fees.
If I have a check for $250, $25, $10, $9, and $5 then they will withdraw the one for $250.
Supposing my acct. balance was only $245. By processing the check for $250 first then I will have an overdraft for that check and each one after that. If they were to process the smaller checks first I would only have one overdraft charge.
Another thing that they do is process all debits at the end of the day before processing any deposits. That way they will have overdraft charges taken before the deposit is made. Even though the debits and the deposits were made on the same day.
They are squeezing every penny out of us that they can. Let me know if you are experiencing the same thing at your bank. Does anyone know what can be done about this?