When I first opened a bank account, it was a savings account. It’s because I wanted my money to earn interest and its maintaining balance is lower. Most checking accounts do not earn interests and have higher maintaining balance.
But, later on, I realized the necessity of having a checking account. One advantage of a checking account is the convenience for paying my bills. Instead of going to the bank and withdrawing money, all I have to do is simply write a check. It could also serve as guarantees for future payments.
Unlike in the old days, checking account is no longer accessible by check only. Most banks nowadays offer ATM cash withdrawals, which is more convenient for the account holders.
If you do not have a checking account yet; and you think you need one, you may check WaMu’s checking accounts and find which one is right for you. Presently, it offers two checking accounts:
WaMu Free Checking Account. You get great free services and, best of all, there is no monthly fee. Plus, you get free ATM cash withdrawals (foreign and domestic), free checks for life, and a free Gold Debit MasterCard with Rewards.
WaMu Platinum Checking Account. This is right for you if you maintain a higher checking balance and wanted your money to earn interest. You also get free ATM cash withdrawals (foreign and domestic) and other free services PLUS relationship discounts.