SocraticGadfly: WaMu getting more creative with surcharges

September 29, 2008

WaMu getting more creative with surcharges

I’m sure this is an effort to make up for frozen money not earning anything right now.

A friend said Washington Mutual has a new policy, and a price-gouging one.

It is starting a $5 surcharge if the person to whom you write the check does not cash or deposit it at your bank. Not to you, to the "presenter" of the check.

Geez o pete. Well, that will at least puff the bottom line for WaMu's eventual buyer, JPMorgan Chase.

No comments: