Dan Masters Online » Chase http://www.danmasters.net Dan Masters Playground Online Mon, 02 Jan 2012 18:29:42 +0000 en hourly 1 http://wordpress.org/?v= Whoo Hoo! WAMU has Been Bought by Chase http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm#comments Fri, 26 Sep 2008 19:36:25 +0000 Dan http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm image So my wish has come true and the ailing Washington Mutual has been scooped up by other bank Chase (or JP Morgan Chase as they like to be called). It seems that the FDIC swooped in and shut them down and Chase bought up what was left (mostly the depositors like me).

With that my wife and I have around 15 accounts with WAMU JP Morgan Chase. Obviously we will hold on to the higher interest savings accounts that we have with WAMU and now I don’t need to open a new business account with Chase as my WAMU biz account will transfer over.

I would say that the only unfortunate things about the transition is that they say that the “systems” should be integrated by the end of next year.

Thank God B of A didn’t buy them.

]]> http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm/feed 0 Farewell WAMU, You Were the Best Bank I Ever Had http://www.danmasters.net/farewell-wamu-you-were-the-best-bank-i-ever-had.htm http://www.danmasters.net/farewell-wamu-you-were-the-best-bank-i-ever-had.htm#comments Wed, 17 Sep 2008 20:14:10 +0000 Dan http://www.danmasters.net/farewell-wamu-you-were-the-best-bank-i-ever-had.htm wamu1 As I write this my wife is at Chase opening up new checking and savings accounts so that we can move from Washington Mutual.  There are a couple reasons for the switch but the biggest reason is that it seems that they are about to be scooped up by some other bank. There is a chance that Chase could buy them but I really do not want to get caught in that transition period when millions of folks are being transitioned at the same time.

The other reasons that Chase is a good switch to us is that we have our mortgage with them and they have a branch that is right down the street from our house. The closet WAMU was quite a distance so going to the bank was always “a trip to the bank”. Having a Chase bank on the corner will add to the convenience factor.

Things that I liked about WAMU were:

  • They never screwed up my account
  • They never screwed up my account and then made me convince them that they screwed up my account (unlike another bank that starts with a “B” and ends with an “A”)
  • They worked with me when I screwed up my account
  • The gave me free checks for life! (who knew it would be so short ;-( )

I hope that Chase is close to being as good of a bank as WAMU was. Farewell WAMU, you were the best bank I ever had.

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