The recent success of broadband and popularity of ING Direct, WaMU, or HSBC has revolutionized banking and have made it very easy for people to opening an online Savings Accounts. I feel it’s ok for people to use these type of services because you can find similar o better offer than the traditional bank.
The benefits of online banking are numerous:
- You can check your bank accounts, transfer money, directly from your own home.
- With online Savings Accounts you can get an higher rate of interest than other banks.
- One thing that sounds good is that you can perform your banking when you want, twenty four hours a day, seven days a week.
- Online banks are now opening checking accounts by offering high interest rate free.
- Some online banks also offer credit services, as credit cards, payday loans, debit cards, online loans, etc.
I’ve already talked about Washington Mutual banks in a recent article. It’s the third largest savings and loan in the United States. For free checking account, Washington Mutual has a very nice offers 3.30% APY online Savings Accounts and the minimum opening deposit is $1.00.
To be more precise, Washington Mutual’s online Savings Accounts offers a lot of beneficial features for its consumers such as retail banking, insurance services, commercial real estate mortgage, business lending, credit card services, and consumer investment services.
Existing WaMu customers can link the new account to their existing accounts or they can close the existing account after they open a new one.
Traditional banking as you know is in an irreversible coma. Maybe I am just exaggerating, but the internet has revolutionized banking and has made it much more convenient. I’d like to hear from those with a legal background comment on the utility of such services.
