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PSA

I know at least a couple of you are looking for a new bank. We've been with WaMu, aka Washington Mutual for some time. They have a new checking account called WaMu Free Checking; you've probably seen the "Whoo-hoooo" ads on TV.

(This is a US-only recommendation, sorry friends in other countries.)

It is a good account. No monthly fees, they will give you standard checks (I'm vain and buy my checks elsewhere, but that is strictly my choice) for free for the life of the account. They give you a Debit Card, and they don't charge you for any ATM transactions anywhere, though non-WaMu ATMs may charge you. In addition, each time you use your Debit Card, you get a three cent "reward." I don't know what's done with that right now, but it's a nice little perk as long as I'm going to be using the card anyway.

In addition, if after you have a WaMu Free Checking account, you open an Online Savings account from the web site and associate it with your WaMu Free Checking account, it will earn 4% Annualized interest. This is better than their Money Market Account currently pays. (All interest paid consumers sucks royally right now, there's no escaping that. And the Fed is talking about lowering interest again, which I'm sure will effect savings accounts as well.)

Their customer service is terrific; only once did I have a problem with a telephone banker, and it turned out the issue was I am considered a business customer because I have one sole proprietership account, and that changes things enough that this guy, who was just a personal accounts guy, got confused. every other time I've had great service.

If you aren't happy with your current bank, I definitely recommend Washington Mutual.

Comments

( 16 comments — Leave a comment )
mactavish
Feb. 29th, 2008 07:10 pm (UTC)
WaMu's the one we're ditching, as they've gone downhill, for us, since we got our accounts a few years back.
teal_cuttlefish
Mar. 1st, 2008 12:59 am (UTC)
Huh. I think the banking choices are pretty badly limited here in CO. WaMu is also pretty new here, so may be making more of an effort. What did you find that you liked better?
krisw
Feb. 29th, 2008 07:37 pm (UTC)
I'm linking this to Chris as we've been bouncing the idea of opening accounts there when we get the tax rebate thinger. We have a branch right near us which is convenient, but we've heard rumors that they're going to be leaving Colorado, so hmm.
teal_cuttlefish
Mar. 1st, 2008 01:05 am (UTC)
We need to go back in tomorrow to add The Gothling to a savings account. I'll try to remember to ask, but they certainly didn't mention it yesterday when we went in.
krisw
Mar. 1st, 2008 01:36 am (UTC)
I wouldn't be surprised if it was just a rumor, the one down the street from us was JUST built, but it would be a bummer.
gomeza
Feb. 29th, 2008 10:34 pm (UTC)
Your description makes them sound a lot like our credit union (Elevations C.U.)
teal_cuttlefish
Mar. 1st, 2008 01:09 am (UTC)
Kent has Elevations and really likes them as well. I think WaMu comes closer to a CU than any other bank I've dealt with. I know he got in when he was working for the government; I'm not sure if they still have a membership requirement. WaMu is really convenient for me on the bus, because there's one on Colorado and one on Yale that is an easy bus ride away, and that's definitely one of our requirements.
fionnulaharp
Feb. 29th, 2008 11:43 pm (UTC)
I still love my CU. Who else would call me when I put too many zeros in my account number for my mortgage payment, and then force the payment through so that it would be paid on time?
teal_cuttlefish
Mar. 1st, 2008 01:11 am (UTC)
Yeah, credit unions are great but I haven't had easy access to one since I worked for an airline.
melian13
Mar. 1st, 2008 12:27 am (UTC)
i've been a washington mutual customer since they took over great western about 15 or 20 years ago (don't remember exactly). i love 'em. i like my account so well that when i moved from calif to nevada, i kept the account, and when i moved from there to north carolina, i still have the same account. and they don't even have a branch in north carolina!

krisw mentioned they were thinking of wamu but had heard they're moving away from colo ... i haven't had a lick of trouble having a bank account in calif and living in nc.

i'm on automatic deposit, so that end is fine, and i use my debit card for nearly everything else. my checks are printed with my current addy and the proper calif branch info and there has been no trouble at all. i doubt, actually, that anyone notices i bank elsewhere.

when i want cash, i get cash back from a purchase, and when i want to deposit something extra, i do it via mail. i've had no troubles and their customer service dept has been top notch for me.

i phone in and order checks when i need them, and they're mailed.

if you're looking for a bank anyway, i also recommend wamu.

teal_cuttlefish
Mar. 1st, 2008 01:20 am (UTC)
I originally went with WaMu because a friend who lived in Seattle was so fond of them, and I've been very happy with them. I'd heard no such rumor and will check on it tomorrow.
oldvolvo
Mar. 1st, 2008 02:24 am (UTC)
I was with Wells Fargo for 15 years.
They screwed up a mortgage deal in an epic way.

Joined a credit union (Bellco). Quite happy with them so far.
cyndee
Apr. 7th, 2008 03:04 pm (UTC)
Add me?
teal_cuttlefish
Apr. 7th, 2008 07:05 pm (UTC)
Well, I do ask that you read my user info and agree to my disclaimer first. And may I ask why you are interested in me?
cyndee
Apr. 7th, 2008 08:07 pm (UTC)
I read it and I agree.

You commented on something in someone else's blog - Rowenheart's, I think. I liked your comment. I read your userinfo and found some stuff that we have in common.

You should probably read my userinfo too to make sure you wanna add each other.
teal_cuttlefish
Apr. 8th, 2008 01:00 am (UTC)
Ah, thank you for letting me know where you ran across me. I actually read your user info before responding to you, as if I'd thought you were a troll, I'd have deleted your request rather than responded to you. I just couldn't make a connection with where we might have crossed paths. I've dealt with some harassment, so I'm a bit tetchy. I'll add you as soon as this comment posts.
( 16 comments — Leave a comment )