Washington Mutual Complaint - Overdraft scams
I have noticed that Wamu cheats on there overdrafts. I had a debit transasction pending in my checking account and I got up at 230am and checked my account and noticed it was still pending about 230am. So I quickly transferred some money from another account (wamu acct.) to more than cover it. when I checked the computer at 10am, the debit was still pending, showing my transfers pending as well. Now usually when I transfer it immediately post to my account. It didn't this day, but the account was still showing everything pending. When I looked at my account later that day, the debit charge had went through and not my transfers leaving them to charge me an overdraft. They told me they process between 12am and 6am. Well, if that be true then why did they not process my transfer between 12am and 6am when I did it. THE CATCH...WHEN THEY PROCESS ON A CURRENT CALENDAR DATE BETWEEN 12AM AND 6AM, THEY BACK THE TRANSACTION UP TO THE DAY BEFORE! YOU CAN VIEW YOUR ACCOUNT ALL DAY AND IT SHOW POSITIVE, SAY ON THE 9TH, BUT THE NEXT DAY YOU LOOK AT YOUR ACCOUNT...THAT DATE THAT IT APPEARS POSITVE, COMES UP NEGATIVE WHEN YOU LOOK AT IT AGAIN ON THE 10TH. These people are money sharks and there is no way around the fees. This is how they SCAM the people. What happen to the good old days of grace periods and the banks giving you til closing busiess day to get your account right before they charge you an overdraft. With WAMU, you don't. We need a class action suit against these people or everyone simply need to close their account and go somewhere else.