essential tidbits

Online banking

July 25, 2008

With everybody always busy and always running out of time (like me!), the use of automation and maximizing technology is very much a welcome option. This is how online shopping has become popular for busy moms, freelancers, hard working employees and executives who lack time to go to the malls to shop or just check out the latest in gadgets or fashion.

Another convenience that the internet has brought is online banking which allows you to check your electronic statements especially paying bills online. This is made possible with online banking facilities such as WaMu which offer free online banking and free electronic statements plus other banking services. There’s no monthly service charge for opening an online Savings Account with their free online checking account.

If you have an existing and active WaMu checking account, you can also link a new online savings account to it. Just be sure to maintain the checking relationship. To prevent overdrafts and bounced checks (which is bad for your bank record and credibility), you can sign up for their Overdraft Transfer Service which transfers available funds from your online savings to your checking account. Of course make sure your savings account has the available funds and there are transaction limits to consider as well.

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