In a brilliant move WAMU eliminates outbound service charges on wires. This makes eminent sense, since it will encourage people to build up balances in anticipation of sending the money to foreign locations. This is supported by the free cheques, and free ATM withdrawals.
The costs of money transfer to the Bank are becoming less and less. The important aspect is building the relationship and the balances.
Washington Mutual Promotes Free Outgoing Wire Transfers to LA’s Latino Community at Fiesta Broadway
Washington Mutual is making the process of wiring money more affordable by introducing the new WaMu Free Checking(TM) account, which offers free foreign and domestic outgoing wire transfers and an unprecedented bundle of features including free ATM cash withdrawals, free checks for life, one free overdraft or insufficient funds fee waiver each year, free low-balance alerts with online banking and more.*
Bankwatch 