Washington Mutual On Shaky Ground -Closing Good Accounts & Don't Care
It is of great concern when a bank keeps closing accounts that are in good standing and don't care about it. Just think of what it's doing to their brand. Nothing spreads more than negative news and a bank being on uncertain grounds is not news you'd want.
Trashing your brand as a good place to bank is not one of the things you should do during this economic meltdown.
Several people have now mentioned to me that their Washington Mutual business credit accounts have been shut down even though their credit limit was very high ($30,000+) and not even being used or hardly used.
You can understand a business shutting down accounts when they are in bad standing but closing accounts in excellent standing that are just not using the accounts too much? That's downright bizarre and frustrating for the people that I spoke with so in warning I predict that Washington Mutual will still fail.
When you don't care about your brand like this then I'd be really careful.
Trashing your brand as a good place to bank is not one of the things you should do during this economic meltdown.
Several people have now mentioned to me that their Washington Mutual business credit accounts have been shut down even though their credit limit was very high ($30,000+) and not even being used or hardly used.
You can understand a business shutting down accounts when they are in bad standing but closing accounts in excellent standing that are just not using the accounts too much? That's downright bizarre and frustrating for the people that I spoke with so in warning I predict that Washington Mutual will still fail.
When you don't care about your brand like this then I'd be really careful.
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