One thing writers need as much as anyone else these days is easy access to their money. Since few professions are as online-savvy as writers, looking into checking accounts at online banks like WaMu is a smart idea.
Some traditional banks build online banking into their existing business structure, but only online banks like WaMu have been built form the ground up to handle things like PayPal transactions, accurate balances and other special online banking considerations in a smooth, consistent and reliable way.
That can be handy, too. I have a pair of friends who recently overdrew their account and because access to their account was so limited, it took them a while to correct it. Overdraft fees, daily account overdrawn fees, penalties and interest added up so fast that within just over a couple weeks, they owed the bank more money than they make in a month and were put in danger of losing their apartment.
Stuff like that’s immoral, but it could have been avoided with faster, more accurate information on their real account balance. That’s where banks that are built from the ground up to be online-savvy offer writers … and anyone else … a distinct advantage.
