WaMu Online Banking: The Best Way to Bank Without a Bank?

Answer 1

It can be a hassle setting out to the nearest bank branch to take care of business, with long lines, potentially unfriendly tellers, and hours that never seem to line up with anyone's schedule. For this reason, banks are increasingly moving their important services online to their online banking customer service centers. Washington Mutual is one of the banks that has made extensive investments in its online banking infrastructure, and its WaMu online banking service gives users some great opportunities to take care of business -- from home. Manage Your Budget and Know Your Spending Using WaMu online banking, customers can enable interaction with financial management software (such as Quicken and Mint). These software programs essentially "plug in" to the online banking interface and download data that includes all recent deposits and credits as well as purchases. It then categorizes purchases and analyzes the data to help the customer make (or at least learn about) their budget. WaMu online banking is essential in this process, as users must log into the service and enable third-party applications to access this private data. This is, of course, for the user's own personal security. But it beats calling the bank or going to a branch and waiting on hold for minutes at a time. Much Easier Transfers WaMu online banking allows users to do online what they used to be forced to do in a branch or at least at an ATM: it is now possible for banking customers to transfer money between all of their accounts using the online banking interface. Using the "transfers" area of the website, customers can set up regular transfer between their checking, savings, and money market accounts. They can also make a transfer between these accounts manually at any time. No more branches and no more ATMs! Manage Contact Information Managing contact and private information is now much easier with WaMu online banking, which allows users to change their mailing address, phone number, and other important information pertaining to their accounts. This is another great way to remove the branch from the process. Final Thoughts WaMu online banking is a great way to take care of business without taking a large chunk of time out of your day. It's efficient, has a robust feature set, and is easy to use for anyone with even basic knowledge of internet websites and financial content.