Preapproved = DENIED

Bill writes:

“OK so I have to say, after a 5 year long divorce, my credit got dragged through the mud.

Wamu, on many occasions recently has offered me a line of credit. Probably something small, hey I’m down for that, as I tend to NOT use credit cards. When my friends from high school got those shiny platinum cards and went spend-crazy, to this day they are still paying them off. I was not one of them and am proud of that.

But WAMU……Shame on you. Four times I’ve been in line at the branch and was told “You’ve been pre-approved for a credit card”.

Finally I bit. Sat down in the branch, filled out all the forms (took 30 minutes rather than the 5 that I was assured) only to be DENIED.

Why would A bank outright LIE to it’s customers? SO, it’s become my mission today to alert as many people of the absolute CAVALIER attitude WaMu holds against it’s customer base.

And going from the newspaper headlines today, WaMu really NEEDS to keep it’s customers happy.

So WaMu, you can lie to others, but as for me I am the type that wants to beat a dead horse. Your customer service in the Philippines obviously doesn’t know about the American banking debacler, as they are more condescending than anyone “in country” could be in these hard economic times.

And as always, I will pay in full IN CASH.

And as for my account, I will be closing it by next week’s end.

I’m going with a small Credit Union who actually CARES about it’s business.”

Can WaMu get anything right?

Christine writes:

“I have been a customer for more than 2yrs and the only reason why I opened an account with them is because they were right across the street from my job and around the corner from my house. I make a payment to my student loan every 2weeks Friday when I get paid like clockwork. On Tuesday I go on to my wamu account to see if it cleared and I saw that my account was credited $500. I called wamu and asked them why my account was credited and the women by the name of Shanna (which by the way had a very nasty attitude) told me that it was my student loan sallie mae’s fault. That she will send me “the famous letter” (because they don’t have the balls to tell you what really happened over the phone) Shanna told me I had to wait 5 business days for my letter, so in the mean time i called sallie mae to see what happened and they told me that they tried to withdrawal the amount and that wamu told them that I put a stop payment on the account. Sallie mae sent me a letter stating what happened and everything. Five business days came and went so I called back and told Anna my situation and told her I didn’t not receive the letter and I spoke to Shanna. Anna told me that the reason that I did not receive the letter was because Shanna noted on the account that I was very nasty so she did not send it out!! I told Anna that how is it that I was nasty when I got her name and the conformation number for the letter she was supposed to send out when you get a conformation letter at the end of the call????? So I went on and was asking question on what is going on and I was reading the letter salliemae sent me and all they could do was “the famous letter” once again. Finally the letter came and I stated that I stopped the payment from going through and that it will keep reoccurring until December 29th,2008!!!!!!!! . So I called back a third time and spoke with a manager. I told him how is it that you have the nerve to lie and stay that I stopped this payment when I make the same payment every two weeks. His response is that maybe you didn’t have enough in the account so you took it back! I said I took it back??? Ok now if I took it back wouldn’t there be a charge for stopping a payment?? Do you see that on my account??? No right! Do you see that I called to stop a payment? No right! So how is it that I stopped the payment then? I told him this is ridiculous! I am accruing more interest on my loan because of your mistake! So I went to make the payment over the phone since I use a check to pay for my loan on salliemae’s website and they still couldn’t get the money out!! The same thing happened again! They are supposed to be the best bank, the best customer service, well where is it? because I have never seen it. The bank I go to in the financial district no matter what time you go to the bank the line is out the door because 99% of the time there is only 1 teller and that teller is inexperience and don’t know anything. I can’t wait till tomorrow so I can get paid get all of my money and close that account that I should have closed a long time ago! They deserve what ever comes! That serves them right for charging people a ridiculous amount day after day and then turn around and complain why we cant pay for it! They are the reason why we cant save anything because they are always coming up with new charges everyday!. About the overdraft fees, this bank don’t even offer you anything secure. I just signed up with Citibank and that was the first thing they asked me when I opened my Citibank account. The only good thing about wamu is the free money orders that is it!!

Happy to be gone!”

Inside WaMu

Susan writes:

“WaMU does suck. I was recently contracted by a staffing agency to help them clean up their Cease and Desist Order by the Office of Thrift and Savings (OTS) Regulators, in their AML dept. What a joke. That place is so disorganized I could not believe my eyes. Management was hiring contractors and Wamulians at the same time to assist them with this Mess! Now they are being placed on the auction block…I was told I did not fit their “WaMU culture” and was shown the door after 62 days of working 50-55 hours per week… insulting! What is their culture? Who the heck knows, but I know this, they do not deserve to come out of this after how the contractor Investigators were treated in their AML dept, like a bunch of leppers and segregated from all other Wamulians in the department, maybe that was a good thing. I have moved my account(s) from them….and wish all of those individuals who are going to be without a place to work, the best…………”

More random interest rate increases

Christine writes:

“Boy am I angry right now. I am having the same problems with WaMu that everyone else seems to be having.

I too have been a loyal customer for 2 years and have always paid my bills ontime. I take pride in having perfect credit. During the past 2 months my APR has kept going up! In July my APR was 13.99%. My August bill arrived with a 23.99% APR. My September bill was 25.99%. My bill was 193.00. Of that, 135.00 was finance charges! I called WaMu’s customer service and all they said was that there was nothing they could do because there was a change in the terms and they were sorry for the inconvenience. I asked to speak with a manager and he also told me the same story. I asked him if WaMu rewards their on-time paying customers by raising their rates to ridiculous levels. All he said is that they sent me a letter regarding this change and that they will send me another one. I got absolutely nowhere with them. I am in the process right now of applying for other cards so that I can transfer the balance and cancel my card with WaMu. I will never do business with them again and I urge others not too either.

The manager that I spoke with said that they considered me more of a risk to pay my bill because I have a high balance on my card. I owe 5,000 on my card. I also make 65,000+ per year. I told him that was ridiculous. I have never been late on my payments. Also I don’t charge on this card. I only pay it down. That is probably why they are raising my rates. I asked him why they would raise the rates on someone because they thought they might be a risk. He said, “because that is what WaMu does”. So, if WaMu considers you more of a risk to pay your bills because you carry a high balance, aren’t they making you more of a risk by making your payments higher????? Sounds like they are setting you up to fail. So anyone who has a WaMu credit card, be forewarned!!! Don’t make any purchases on your card. If you do, you will be considered more of a payment risk because your balance is higher. And if WaMu considers you more of a risk….they will raise your rates! I DON’T GET IT!!!!”



I have been a Washington Mutual Customer for almost two years. I had a bit of bad luck and had some monetary problems. My account with them did go into the negative. But I did go in to take care of on 9-15-08 with $7,495.00.

I lost my job and cashed out my 401k account. I took it to Washington Mutual Bank in the Melbourne Square Mall location in Melbourne, Florida on 9-15-08. They originally told me there would be an 11 day hold. I explained I was out of work and really needed to get some bills paid. The check was drawn on a check from Chase Manhattan Bank. They told me they might be able to help me. I got the number from Pay Chex and gave the teller Melba the phone. The paychex employee was able to give her the number to call and verify funds. The manager came over and took the hold off the account. I walked out of the bank with an AVAILABLE balance of $2,750.12 in checking and $4000.00 in savings.

I went home and paid $739.00 to Honda, $105.00 to Geico and $209.00 to T-Mobile plus a check written today for $189.00 none of which WAMU will pay. I was informed when I went into the bank today that my account was froze due to the check. They will not pay the bills that I paid last night online and will not give me money back. Now they are claiming the check has not gone through even though yesterday they verified funds and lifted the hold.

I was also told as of 9-29 my account was going to be closed. I was not going to have anyway of knowing that until a “letter” they would send out came to me. In the meantime I would have been writing check and paying bills and none would be paid. I was also told that WAMU is possibly going bankrupt? Will I ever be able to retrieve funds?

I contacted their corporate office and was told that the branch had no way of knowing that they would be freezing my account. My argument there was that they should have left the hold on then or pay what I paid online on 9-15-08 when they told me I had the money available and they refuse to help me. Meanwhile I will be racking up NSF fees to the bills I have paid.


I wanted to add some more to my story. I called WAMU yesterday to see if they have taken the hold off my check and was told they told me I could call myself because they did not want to deal with it. This is the Melbourne Square Branch, Melbourne, FL. I was given this number to call 866-513-9186 and spoke to a lady named Lynn. First she informed me the manager should have never taken the hold off the check even though they verified funds with Chase Manhattan on my 401k check. She also informed me it could be a fraudulent check. Also my account was being investigated because I had not had any large deposits made and then I make one for $7495.00. I explained for the 100th time I AM OUT OF WORK AND CASHED OUT MY 401K. She said their are no notes there. I told the branch people my whole story none of which they notated. So then she goes on to tell me its suspicious that I make this large deposit and then put a large amount in savings- HELLO is that not what the bank is for????

So I said seems how you just told me your manager in that branch made a mistake I said you need to pay for the bills I paid because I have the receipts showing that I had money in the bank. Still said no. Meanwhile I have to play clean up crew and call all my debtors and tell them this long drawn out story. So now I have been accused of depositing a fraudulent check, its suspicious because I dont make large deposits and I put money in savings.

I call a different branch today on 9-18 and I am told they are no holds money is available and I can come close account out. I get there and they tell me sorry this branch made a mistake because they did not see the notes regarding my account. They called Chase again and verified the funds but wont release the money but shows I have $4008 in savings and $2,396 in checking but I cant close account or even withdraw a dollar for that matter. I was told sorry that Melbourne branch made a mistake the manager never should have done that and sorry our branch told you that you could come in and close account. SO I left there again with nothing. Also another note of interest my account was supposed to be frozen so that would mean they would not pay anything- well they paid Tmobile and Geico. I asked why did they pay thought this money was not available? She said it must have been because on Monday when I left the money was available but I paid my car payment that night and they are not paying that one.

After all this she said I have to call Chase myself and have them write on Chase letterhead that the funds have cleared and provide a point of contact and then they will let me close my account and get my money. She then had the audacity to ask if she could get this cleared up would I keep my account with them—— I said you must be kidding right? Stay far away from this bank they dont know their heads from a hole in the ground!!!!!!!!!!!!!!!!!!!!!!


I was finally able to get my money out of that building they call a “bank”.

Funny thing though I closed my account myself on 9-20 and I get a letter in the mail yesterday telling me that they are closing my account on 9-29 and any remaining funds would be mailed to me. The thing that sucks about that is imagine if I had been writing checks since 9-15 when I deposited that large check and never got the letter. The postal service is not perfect. They would not have paid any of my bills. Then yesterday I get a new debit card in the mail. They have some real rocket scientists working there!!!”

WaMu on

For even more WaMu nightmare stories, see

Other WaMu sucks sites

This is the site I found first when looking for information on how to deal with WaMu.  That poor guy have just about everything go wrong with his mortgage with WaMu.

WaMu’s CEO fired!

WaMu’s CEO got his walking papers today (WSJ story). While I am sure this is because of WaMu’s bad subprime lending history, I hope the new CEO will address their poor customer service as well.

Plenty of funds but no payments

Marisa writes:

“They are refusinfg to pay my checks and scheduled online payments
even though I have enough funds in my account.
This is costing me a LOT of money in “returned check fees”

This bank SUCKS!”

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