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NetBank announces 5000-strong ATM network

21 April 2004  |  1543 views  |  0

NetBank®, the country's first commercially successful Internet bank and a wholly owned subsidiary of NetBank, Inc. (Nasdaq: NTBK), today announced that customers will have access to more than 5,000 NetBank ATMs across the country.

The company is in the process of branding the ATMs that were attained in last year's acquisition of Financial Technologies, Inc (now NetBank Payment Systems). NetBank's new ATM network is the fourth-largest of any bank in the nation.

"Having ATMs in convenient locations, like grocery stores, makes juggling the demands of your business and household affairs less burdensome," said Douglas K. Freeman, chairman and CEO, NetBank, Inc. "NetBank is about offering a more convenient way to bank."

NetBank's ATM network covers all 50 states, and machines can be found in locations that customers already visit on a frequent basis. For example, 65 percent of NetBank's ATMs are located in retail establishments such as convenience and grocery stores. The company is branding the machines and bringing them online in phases according to the regions with the highest concentrations of NetBank customers. The process is scheduled to be complete this summer.

"In addition to giving our retail and small business customers even greater access to their funds, these ATMs will allow us to build more awareness for the NetBank brand and to promote our products and services through another channel," said Eve McDowell, chief sales & customer fulfillment executive, NetBank.

One way NetBank will promote its products is through a promotion that targets non-NetBank customers who use the ATMs. The promotion on the back of the transaction receipt directs consumers to a special NetBank Web site where they are eligible to receive a $50 bonus for opening a NetBank checking account.

Customers can locate the nearest NetBank ATM by accessing the ATM locator on the NetBank Web site at www.netbank.com/tools.htm. In addition to the 5,000-plus NetBank ATMs, customers will continue to have access to more than 6,700 surcharge-free ATMs that are part of the STAR, NYCE and CU-24 networks. NetBank never charges its customers for using any ATM.

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