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Holding money captive
Complaint Rating: 
Company information:
WAMU
United States
www.wamu.com
WAMU is now penalizing business customers that make a deposit of more than $5k in one day. I deposited more than $22k into an account and was told I could only access $100.03 until April 25 when they would kindly let me access another $4, 900, but I would have to wait to get the full amount until May 8, two weeks after the initial deposit.
In today's electronic banking era, how can WAMU justify holding my money for more than 2 weeks?
WAMU use to be a consumer friendly bank, but in the last year we have seen dramatic changes. They are starting to assess fees and penalize customers for holding money at their bank.
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