Chase - WaMu
Certified Check Returned After Deposit, Funds Held for Weeks

I have been a WAMU account holder for over 10 years. On 06-21, I purchased a certified/official check from WAMU in the amount of $9300.00. On 03-29, I went into a Chase Branch and deposited the check into my account. The teller told me $5000.00 was available now and the $4300.00 would be available on 04-07. A receipt was given to me. On Friday 04-02, I tried to use my debit card and it was declined. I then called the Chase customer service, I was told by the representative the cashiers check was returned. She could not give me a reason, she suggested I go into the branch were the check was deposited. Today 04-05, I went into the Chase in Corona, Angelina Sanchez helped me. She stated she had received an email from the corporate office on 03-31, stating all WAMU official/certified checks and money orders purchased from WAMU prior to 09-20 would not be payable. I would need to wait until May 15 to file my claim with the State of California or the FDIC. I would probably get my money sometime in June or July. I asked if I was ever notified of the above and she stated no she did not see anything that notified me. In my opinion this should not apply to my situation as I deposited the check on 03-29 prior to the corporate email. Secondly why didn't Chase/WAMU notify the people that have these outstanding checks? Now these checks are worthless and now we need to deal with the state which is in its own mess of its self...
I'm thinking there are hundreds of people out there in the same situation and they do not have a clue!!! Class action law suit is what I am thinking... I am going to write to the state, FDIC, Chase and all the local news stations.

Company: Chase - WaMu
Country: USA
Site: chase.com

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