I got a letter dated Dec. 25, 2009, from Chase, announcing that I had until March 2010 "...to claim or arrange to continue [my] account(s) with Chase..."
I had just received a statement from Washington Mutual the week before, with my usual $8.42 balance, which I had been unable to close.
When I went to the bank to close out my account with Chase and take my piddly $8.42, I was told that Chase had already taken that money for their service fees.
Folks...it is only $8.42...but it is the principal that counts here. Why did I not receive a statement from Chase asking me to collect my money before they took it? Is it a lack of communication between Chase and its former Washington Mutual customers, or is Chase CLEANING UP during this transition because they do not inform WaMu customers properly?
If their letter to me states, "...According to federal law under 12 U.S.C. 1822(e), on March 25, 2010, Chase must transfer the funds in your account(s) back to the FDIC if you have not claimed your account(s) with Chase. Based on the records recently supplied to us by Chase, your account(s) currently fall into this category..."
"...This letter is your formal Legal Notice that you have until March 25, 2010, to claim or arrange to continue account(s) with Chase..."
Does it not read as though the customer has until March 25, 2010 to claim their monies? How much money has Chase claimed from Washington Mutual customers to date because they were not properly informed about losing their balance to service fees in a timely fashion?
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