tag:blogger.com,1999:blog-34092291.post5660420766448566487..comments2023-07-02T05:43:58.765-04:00Comments on My Personal Finance Blog: "Excess Activity Fee" at WaMu Online SavingsWHhttp://www.blogger.com/profile/02422632604045630697noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-34092291.post-59508140689526141742010-12-28T23:43:34.552-05:002010-12-28T23:43:34.552-05:00I was charged a $10 excessive activity fee at Well...I was charged a $10 excessive activity fee at Wells Fargo. Check out this website:<br /><br />http://www.bankersonline.com/regs/204/204-2.html<br /><br />They do not have to charge. They are stealing money from people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-54780008714032710852010-02-18T02:08:06.644-05:002010-02-18T02:08:06.644-05:00I chose the phrase "devil spawn of banking&qu...I chose the phrase "devil spawn of banking" when referring to chase when swapping over to well's fargo. They deposited my paycheck into my business fund, which then caused me to become overdrawn and refused to fix it. After I swapped over to Well's Fargo, I got the same stupid "excess activity fee". It's our money and if we feel like using it, then we should be Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-19758667317883219362009-06-29T00:01:03.484-04:002009-06-29T00:01:03.484-04:00Fyi, I've always found Consumerist.com uber he...Fyi, I've always found Consumerist.com uber helpful!WHhttps://www.blogger.com/profile/02422632604045630697noreply@blogger.comtag:blogger.com,1999:blog-34092291.post-66563160319655606842009-06-05T19:41:31.531-04:002009-06-05T19:41:31.531-04:00Talk about ridiculous....I just had my savings acc...Talk about ridiculous....I just had my savings account closed (without notification) because of my "excess activity"!!! This is seriously ridiculous! I used to work for Wamu and never did anyone take any action as such until now. My loyal stance with Wamu has gone out the window and can now understand why they have gone belly up. Its seems as if Chase is shadowing Wamu's beliefsUnknownhttps://www.blogger.com/profile/12363253680983656435noreply@blogger.comtag:blogger.com,1999:blog-34092291.post-80841763670922123712009-02-08T18:52:00.000-05:002009-02-08T18:52:00.000-05:00I just got two of these fees from BECU, and had no...I just got two of these fees from BECU, and had no idea this fee even existed! If I had I wouldn't have transferred anything! The fees at BECU are $20 per transaction, so I'm now out $40. I hate banks...xjennersonxhttps://www.blogger.com/profile/16354154778862933936noreply@blogger.comtag:blogger.com,1999:blog-34092291.post-86879825844660565082009-01-21T20:50:00.000-05:002009-01-21T20:50:00.000-05:00Gee...I'm glad I'm not the only frustrated consume...Gee...I'm glad I'm not the only frustrated consumer who feels like I just got robbed by my own bank. Same story goes for me. Got charged $10 twice in one day and when I just called the WAMU customer service, have been told the same old excuse. Can't reverse the fee because it's federally regulated feel. WHAT!!! The fee may be legitimate but they can certainly do what they can do to serve Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-68466217169237915892009-01-18T13:17:00.000-05:002009-01-18T13:17:00.000-05:00"Excess activity" is indeed defined to be a six-tr..."Excess activity" is indeed defined to be a six-transaction limit by the FDIC. The FDIC does not define or set a fee requirement for any institution/bank to charge a customer - hence the difference in fee sizes and the presence of waived fees. If it were mandated by the FDIC, the fee would most likely be equal across the board and no refunds would be issued by the institution, only the governmentAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-46116659594465366892009-01-06T11:42:00.000-05:002009-01-06T11:42:00.000-05:00It's complete BS! I read over the regulation and ...It's complete BS! I read over the regulation and it simply defines what a saving account is. It does not mandate banks to charge you a fee anytime the go over the 6 withdraw limit. If anything, banks are required to take steps to stop you from making that 7th withdraw rather than letting you do it and then charge you for it. <BR/><BR/>If anything, all WAMU had to do was to alert you that Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-51272767996688006312008-09-10T19:14:00.000-04:002008-09-10T19:14:00.000-04:00I just had three $10.00 fees in one day and then a...I just had three $10.00 fees in one day and then a $35 OD fee on top of it. I had no idea about reg D. This happened at Wells Fargo--they would not budge on the excessive transaction fee--but they did take off $32.50 on the OD fee. <BR/><BR/>On my husband's business checking account at Wells Fargo--I also noticed that he is now being charged a deposit fee. <BR/><BR/>I wish we could live life Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-88255185061217371182008-08-22T14:54:00.000-04:002008-08-22T14:54:00.000-04:00They got me too. I transferred a little bit more ...They got me too. I transferred a little bit more the same day because I miscalculated and I was charge $20 in the same day for the two transfers. If I had any idea there was a charge I would have gone in the bank to withdraw the funds! Thanks for putting this together I sad/glad to see it didn't just happen to me.Anonymoushttps://www.blogger.com/profile/07990253527487702705noreply@blogger.comtag:blogger.com,1999:blog-34092291.post-79305368757090508472008-08-08T16:57:00.000-04:002008-08-08T16:57:00.000-04:00Wells Fargo recently charged me $10 for excessive ...Wells Fargo recently charged me $10 for excessive withdrawals. I sent a message through their secure online messaging, and within a day got a response saying the fee was valid, but as a valued customer they would waive the fee. This is the reason I will stay with Wells Fargo (I had my last fee waived a few years ago with them).<BR/>I opened a Wamu account about a year ago because of the high Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-7508557144971399402008-07-15T20:56:00.000-04:002008-07-15T20:56:00.000-04:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-83851397262840828412008-05-21T11:53:00.000-04:002008-05-21T11:53:00.000-04:00This happened to me as well. my wife and I use our...This happened to me as well. my wife and I use our savings to basically cover anything that our checking can't. And then we come upon this "excess activity fee". To me its kinda of the same horseshit excuse when you get denied for credit when they say that your report has been viewed too many times. It's rediculous. I seriously hate this country. I want to go live in the woods.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-15407538406254605482008-05-14T12:40:00.000-04:002008-05-14T12:40:00.000-04:00Wamu, I believe, isn't telling you the whole...tru...Wamu, I believe, isn't telling you the whole...truth.<BR/><BR/>The $10 they are charging is a fee THEY are imposing to get your money...they can do other things like warn you or send you letters not allowing you to transfer anymore, but instead they like taking your money...<BR/><BR/>You should check out this site: http://consumerist.com/5008451/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-30507679147838942532008-03-31T19:58:00.000-04:002008-03-31T19:58:00.000-04:00I just talked to the WAMU Supervisor- Chrystal, sa...I just talked to the WAMU Supervisor- Chrystal, same thing Reg D, Chrystal gets charged also, but they refund back my $10. The only thing I blew me away was WAMU Chrystal's statment- The Reg D was setup to force people to save more money. When you said the- I asked then why are we getting a tax rebate in May 2008 for the econmic boost, Chrystal's answer- I don't knowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-59026282111001659362008-01-17T23:30:00.000-05:002008-01-17T23:30:00.000-05:00Same story here. It is just insane. This informati...Same story here. It is just insane. This information is also not available on their website. Interestingly they said they do not count transfer if it is done in branch. In which century are they in. Technology is going for less people management, but these guys are going in the other direction. I think they are already worried about unemployment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-19904967920404503882007-12-23T13:14:00.000-05:002007-12-23T13:14:00.000-05:00I just got off the phone with a wamu rep and was t...I just got off the phone with a wamu rep and was told all banks are doing this. I got charge twice in one day and once a few days later. Just for moving money from checking to savings to pay bills Im out $30.00 and no way to get the money back and who in the hell do we complain to. Who will even listen. This is a crock.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-66292597586271104132007-12-20T11:22:00.000-05:002007-12-20T11:22:00.000-05:00Fuckers! I got one of these today from WaMu. $10!?...Fuckers! I got one of these today from WaMu. $10!?!?! There goes any interest I would have gotten. I called up and they said it is the government's way of getting people to save. Are you kidding me?!?! RAISE THE FREAKING INTEREST RATES THEN IF YOU WANT PEOPLE TO SAVE!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-83271777610760170712007-12-11T21:34:00.000-05:002007-12-11T21:34:00.000-05:00Have you found out anymore on this aubject? I've ...Have you found out anymore on this aubject? I've just written the OCC about this because I transferred some between my washington mutual accounts and i had heard this was at least ok... but i was wrong. I called and even if i close my account I'll get charged another excess activity fee and then another fee because that account would then be negative from their fee. Hahahaha -- its crazy to meRaulli Familyhttps://www.blogger.com/profile/05647628596757120784noreply@blogger.comtag:blogger.com,1999:blog-34092291.post-48761485053601482942007-12-05T00:56:00.000-05:002007-12-05T00:56:00.000-05:00I think it ridiculas!Onw way to stop WaMu from fro...I think it ridiculas!<BR/><BR/>Onw way to stop WaMu from from stealing from us is to close our account and move to a different bank. I guarentee that if we all did that, within 24 hours they would reverse their policy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34092291.post-4405303386133914092007-11-01T21:28:00.000-04:002007-11-01T21:28:00.000-04:00That would be correct. I've edited the post to ref...That would be correct. I've edited the post to reflect this more apparently. Sorry for the confusion!WHhttps://www.blogger.com/profile/02422632604045630697noreply@blogger.comtag:blogger.com,1999:blog-34092291.post-11467371648151675272007-11-01T17:50:00.000-04:002007-11-01T17:50:00.000-04:00Are you sure? My quick google research seems to sa...Are you sure? My quick google research seems to say the limit is six withdrawls from your savings account and unlimited deposits to your savings account.Anonymousnoreply@blogger.com