WATCH OUT FOR WAMU EXCESSIVE CHARGES!!!

I HAVE ONE SIMPLE QUESTION....WHY ARE BANKS NOT GIVEN STRICKTER LAWS WHEN IT COMES TO BANK CHARGES AND FEES? BANKS MAKE MILLIONS OF DOLLARS A YEAR IN OVERDRAFT CHARGES ALONE. I MYSELF HAVE PAID ALMOST $1,000.00 IN THE LAST 12 MONTHS IN OVERDRAFT CHARGES. I THINK IT IS REDICULOUS THAT WASHINGTON MUTUAL IS ALLOWED TO CHARGE ANY AMOUNT, HOWEVER MANY TIMES THEY WANT WITHOUT ANY INFORCEMENT.

I CHECK MY ACCOUNT ON A DAILY BASIS. SO ONE DAY I CHECK MY ACCOUNT AND IT HAD MONEY IN IT. I KNEW THAT MY PAYROLL CHECK WAS GOING TO BE DEPOSITED AT MIDNITE THAT DAY SO I KNEW I WOULD HAVE MORE THAN ENOUGH MONEY IN MY ACCOUNT THE NEXT DAY FOR ALL THE BILLS I HAD PAID ONLINE. THE NEXT DAY I GO ON AND I SEE SEVEN CHARGES THAT WERE POSTED THE DAY BEFOR WHICH OVER DRAFTED MY ACCOUNT AND IN ADDITION TO THAT I SEE SEVEN OVERDRAFT CHARGES THAT HAD BEEN POTED WITH THE PREVIOUS DAYS DATE. HOW IS IT POSSIBLE THAT I CAN BE POSITIVE ONE DAY AND THE NEXT DAY HAVE A BUNCH OF CHARGES AS IF THEY HAD BEEN THERE FROM THE PREVIOUS DAY WHEN THEY WERENT? IF THE MONEY WAS NOT TAKEN OUT OF MY ACCOUNT UNTIL THE NEXT DAY THAN WHY CAN THE BANK POST CHARGES WITH PREVIOUS DATES? THE ANSWER: SO THEY CAN CHARGE YOU OVERDRAFT CHARGES. EVEN THOUGH THE MONEY WAS IN THE ACCOUNT I STILL GOT CHARGED OVERDRAFT BECAUSE THEY WERE "POSTED" THE DAY BEFOR (ALTHOUGH I WOULDNT HAVE KNOWN THAT SINCE THEY WERE NOT ON MY ACCOUNT THE PREVIOUS DAY WHEN I CHECKED IT), DOES THAT MAKE SENSE? TO MAKE MATTERS WORSE WAMU CHARGED ME $33.00 FOR EACH CHARGE SO I PAID OVER $230.00 IN ONE DAY IN OVERDRAFT FEES....WHY ARE WE ALLOWING THIS?

I UNDERSTAND THAT THERE SHOULD BE A PENALTY FOR OVERDRAFTING BUT ALLOWING MULTIPLE OVERDRAFTS A DAY IS JUST PLAIN WRONG. WHY WOULD THE BANK ALLOW US TO CONTINUE TO CHARGE TO OUR ACCOUNT WHEN THERE IS ABSOLUTELY NO MONEY IN IT? THEY SHOULD JUST NOT ALLOW ANY MORE CHARGES PERIOD ONCE YOUR ACCOUNT IS EXCESSIVELY OVER DRAWN, THE REASON THEY DONT IS BECAUSE THEY WANT TO KEEP CHARGING YOU THERE OVERDRAFT AND MAKE MONEY.

I CALLED WASHINGTON MUTUAL REGARDING THE MATTER OF THE 7 OVERDRAFT CHARGES I HAD IN ONE DAY TOTALLING OVER $230.00 AND I ASKED THE MANAGER IF IT WAS LEGAL FOR THEM TO OVER CHARGE US IN THAT WAY AND THIS WAS HER RESPONSE "IT HAS NOTHING TO DO WITH ILLEGAL WE CAN CHARGE WHATEVER WE WANT AS MANY TIMES AS WE WANT AS LONG AS YOU KEEP OVERDRAFTING, WE WERE THE ONES WHO DECIDED TO ONLY ALLOW 7 A DAY" WHAT KIND OF RESPONSE IT THAT. SO THAT MEANS THAT THERE IS NO LAW ON HOW MUCH WE ARE ALLOWED TO GET CHARGED ON A DAILY BASIS....WHY?

I DONT KNOW ABOUT YOU GUYS BUT I DONT HAVE THE MEANS TO PAY THESE KINDS OF CHARGES, NOT IN TODAYS ECONOMY. SO I PLAN TO SEEK THIS FURTHER WITH LEGAL ADVICE....IM SURE IM NOT THE ONLY ONE WHO AGREES THAT BANKS TAKE ADVANTAGE OF US TO GAIN REVENUE. LET ME KNOW WHAT YOU THINK? AND IF ANYONE HAS ANY RESOURCES THEY CAN PROVIDE ME I WOULD APPRECIATE THE HELP. THANKS.