WaMu Transitions to Chase Bank
WaMu is transitioning over to Chase Bank and WaMu customers will soon have to login to Chase Online Bank in order to access their accounts.WaMu’s popular Free Checking accounts are being converted into Chase Free Extra Checking accounts. There will continue to be no monthly service fees and no minimum balance requirements which is key.
The accounts also have no fees for non-Chase ATM transactions, no fee for domestic wire transfers, free checks, and you get to have one overdraft fee reimbursed each year.
WaMu’s Online Savings Account will now be the Chase Premier Savings Account. This account does have a monthly maintenance fee, but it is going to be waived until they figure out how to handle the savings accounts. Hopefully the old accounts will be grandfathered into the new system and the monthly fees never show up.