Posted May 4th, 2010
by admin
XXfliegerXX asked: My paycheck wasn’t deposited and I called the Bank and they didnt give me an answer all they said was I wasnt the only one having this problem. Is any one else having this problem and does anybody know why?
Tags: Paycheck, Wamu
Posted in Personal Finance | 3 Comments »
Posted November 1st, 2009
by admin
chuck asked: My bank, Washington Mutual, where I’ve been banking for 2+ months, continues to hold funds on every check I deposit for a minimum of 4 days, up to 2 weeks. The 4-day rule is for a check from a local bank. The 2 week rule is for non-local checks. They are very uncompromising about these excessive hold times, and get testy when challenged about them. My previous bank never held checks for so long. I have no adverse banking history that would require WaMu to be so careful.
Please don’t tell me only what your bank does; I would like to hear from those who actually know what the Federal regulations are on this matter. I’ve made a few phone calls about this and looked online, but I can’t find reliable, up-to-date information. Thanks for your help.
Tags: Information Thanks, Local Bank, Wamu
Posted in Other - Business & Finance | 1 Comment »
