NEW YORK and SEATTLE — J.P. Morgan Chase's recent takeover of Washington Mutual has already introduced another large player into the national ATM space.
The two firms, which are working on completing the merger, announced they had combined their ATM networks already and the combination has brought their customers fee free access to 14,000 ATMs nationwide.
"We wanted to provide almost immediate benefits to millions of our WaMu and Chase customers," said Charlie Scharf, head of Retail Financial Services for Chase. "Helping customers manage their money is especially important in these challenging times."
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Chase and WaMu customers can now make withdrawals and balance inquiries with no fee at any Chase or WaMu ATM. Those same customers will eventually be able to make deposits at the combined network of ATMs and have access to a network of more than 5,400 branches as computer systems are converted, the companies announced.
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