CuppaJoe
Moderator Emeritus
I opened a free checking account with lifetime checks at WaMu recently. Mainly, I wanted a bank with convenient branches in my after-retirement location. Today, they told me that my paychecks will be held for two weeks because I could not produce a pay stub. I work for a small business that doesn’t write out pay stubs and frankly, I’m not about to show them the paper I have that shows the by-monthly breakdown. I really put up a stink and a manager approved my deposit for immediate availability today. The teller whispered to me that next time I ought to cash my check at the bank that issued the check and bring the cash over to WaMu, some four blocks away. There are so many things abut this that bug me, particularly that if I did have a pay stub, I wouldn’t want to show it to anyone at the bank, what right do they have? In 50+ years of banking, this is the first time this issue has come up. I was lucky I didn't deposit it in the ATM!
So, I’m drafting a letter asking them to waive this rule for my account if they are interested in keeping my business. Funny thing is that banks seem to really want the over 50 age group, after all we do put a lot of lump sums through banks. (I have two other open checking accounts; maybe I won't phase one of them out after all.)
So, I’m drafting a letter asking them to waive this rule for my account if they are interested in keeping my business. Funny thing is that banks seem to really want the over 50 age group, after all we do put a lot of lump sums through banks. (I have two other open checking accounts; maybe I won't phase one of them out after all.)