I was asked to take a look and give my honest opinion on WAMU’s checking account they offer people online. This actually came at a good time, since I’ve been having problems MAJOR with a certain Bank In America giving me the runaround.
I spent less than 15 minutes to establish an account there, using my existing account with another online bank account to deposit $1.00 in both a checking and savings account each. Turnaround is two days for the transfer, understandable since this was done on a Saturday.
I’m not one to promote having ‘gazillions’ of bank accounts, but it’s good to have an additional backup system in place PRIOR to having problems with relying on one sole bank. It’s also easier to pigeonhole funds set aside for certain projects, since it takes more time to transfer funds from one bank to another, as opposed to intrabank account transfers.
If there’s nothing mentioned further negatively, consider this an endorsement and personal recommendation to use WAMU if your doing business online or professionally blogging!
