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