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Washington Mutual Announces ATM Branding Agreement with Cardtronics; WaMu Will Expand ATM Network within Walgreens(R) Stores

SEATTLE--(BUSINESS WIRE)--Aug. 21, 2006--Washington Mutual, Inc. (NYSE:WM) and Cardtronics Inc., have entered into an agreement that will enable WaMu to brand 160 cash dispensing Automatic Teller Machines (ATMs) in select Walgreens locations in the United States.

Through the relationship, all WaMu-branded ATMs in Walgreens stores will be free to WaMu customers for cash withdrawals, just like ATMs owned and operated by Washington Mutual. Initial roll-out is scheduled to be complete in the third quarter of 2006.

"We are always looking for ways to make banking simpler and more convenient for people, and providing our customers with easy access to their money any time, anywhere is critical," said Nandita Bakhshi, executive vice president and manager of payments at Washington Mutual. "By teaming up with Cardtronics and Walgreens, one of today's leading retailers, we've created additional convenience for our customers by giving them access to an expanded network of ATM locations."

"This important agreement is further testament to Cardtronics' strategic commitment to maintain our leadership position in facilitating a win-win situation for our financial institution partners and merchants," said Keith Myers, executive vice president of financial services for Cardtronics. "Our goal is to continue providing these types of opportunities to enable financial institutions to rapidly expand their ATM footprint, strengthen their brand presence and ultimately provide enhanced convenience to their customers."

Once the branding roll-out is complete, customers can visit www.wamu.com to locate all WaMu ATMs, including WaMu-branded ATMs located in select Walgreens locations.

About the Retail Bank

Taking its focus on serving middle market consumers even further, WaMu recently introduced a free checking product that combines an unprecedented bundle of features that adds up to convenience and value never before seen in any checking account.

The new WaMu Free Checking(TM) account offers all the features of WaMu's original Free Checking account plus: free ATM cash withdrawals, a free overdraft or insufficient funds fee waiver each year, free checks for life, cash back for debit card purchases, free outbound wires, free low-balance alerts with online banking, Free ID Theft Services -- and much more.(1)

WaMu expects to significantly accelerate its checking account growth with the new WaMu Free Checking(TM) account.

About Washington Mutual

Washington Mutual, through its subsidiaries, is one of the nation's leading consumer and small business banks. At June 30, 2006, Washington Mutual and its subsidiaries had assets of $350.70 billion. The company has a history dating back to 1889 and its subsidiary banks currently operate more than 2,600 consumer and small business banking stores throughout the nation. Washington Mutual's press releases are available at http://newsroom.wamu.com.

About Cardtronics

Cardtronics, the world's largest owner/operator of ATMs, has a nationwide U.S. network of more than 26,000 locations operating in every major market and in all 50 states as well as 1,000 locations throughout the UK. Major merchant-clients include A&P(R), Albertson's(R), Amerada Hess(R), BP(R), Chevron(R), Costco(R), CVS(R)/pharmacy, ExxonMobil(R), Duane Reade(R), Rite Aid(R), Sunoco(R), Target(R) and Walgreens(R). Cardtronics also works closely with financial institutions across the U.S. to brand ATMs in these major merchants to provide convenient access for their customers and to preserve and expand their markets.

(1) The new WaMu Free Checking(TM) account, offered by Washington Mutual Bank and Washington Mutual Bank fsb, features:

-- Free ATM Cash Withdrawals -- Washington Mutual will not charge for withdrawals from this account at non-Washington Mutual ATMs anywhere in the world. (Non-refundable ATM operator and foreign currency exchange and transaction fees may apply).

-- Free Checks for Life -- Customers ordering their checks through Washington Mutual can get them for free; select styles are available.

-- Free OD/NSF Fee (one per year) -- One OD or NSF fee refund each anniversary year; unused refunds can be carried over.

-- Free Gold Debit MasterCard(R) with Rewards -- The account comes with a Gold Debit MasterCard(R) and Washington Mutual will give a reward (currently $0.03) for each Debit MasterCard purchase transaction (pin or signature) during the prior year up to a $250 reward if the account is open and in good standing on the anniversary date.

-- Free Outgoing Wire Transfers -- Washington Mutual will not charge for outbound international or domestic wire transfers. (Non-refundable foreign currency exchange charges and intermediary and beneficiary bank fees may apply.)

-- Free ID Theft Services -- Customers will receive recovery assistance if they ever become the victim of identity theft.

-- Free e-Alerts -- Low balance, large withdrawal, and OD event notification alerts sent by e-mail. (Enrollment in free online banking service is required.)

-- Other features -- No monthly fee. No minimum balance or direct deposit requirement to avoid the monthly fee. Option of free check return or check storage, free teller access, no per check charges, free account access at more than 3,700 Washington Mutual ATMs nationwide, free 24/7 telephone banking, free Personal Online Banking with Personal Bill Pay service(R).

CONTACT: Washington Mutual
Sara Gaugl, 206-500-2822 (Media Contact)
Alan Magleby, 212-326-6019 (Investor Relations Contact)

SOURCE: Washington Mutual, Inc.