Washington Mutual Online Banking

Since we here at Savings Accounts 411 still get questions about WaMu personal account changes and how a Washington Mutual personal account has changed since the takeover by Chase, we thought we should address this on our site.

Over a year ago, on September 25, 2008, at the close of business day, the assets of Washington Mutual Bank were seized by the U.S. Office of Thrift and Savings on behalf of the Federal Deposit Insurance Corporation. The FDIC then put WaMu into receivership and sold all assets of Washington Mutual Bank (as well as some assets from Washington Mutual, Inc. – the owner of the bank), including all WaMu personal account holdings, to JPMorgan Chase.

The next day, Chase Bank opened Washington Mutual bank branches and later the website with the announcement that they now owned the bank. Banking continued as usual for many customers, though many left the bank feeling it was now unstable.

If you still have a personal account at WaMu, it is a Chase Bank account. If you log in to the website, go into any Chase Bank or old WaMu branch, you’ll see everything from your old Washington Mutual personal account (checking, savings, etc.) is now under a Chase Bank account.

Hopefully this clears up any questions you have about your WaMu personal account. You are free to transact business as normal at Chase Bank to close, move funds, or continue banking with your old personal account at WaMu as a Chase Bank customer.