NetBank

Pros: Good rates, bill pay, post-paid envelopes, no minimum balance
Cons: Site can be slow, better deals available

When I decided to make the leap from brick-and-mortar to on-line banking, I opened several accounts, in order to cash in on the new account bonuses, yes, but mainly to test-drive the various options and decide which I enjoyed the best. Surprisingly, I...

Pros: No fees, convenience of online banking
Cons: No office to go in to if you do run in to a problem

I have been banking with NetBank for nearly a year now and feel that I am in a pretty good position to form an opinion on the bank and their service.

I was very hesitant to bank with NetBank at first simply because at that point I had never...

Pros: Free checking, free bill pay, interest paid on checking account
Cons: Incompetent, inept, ignorant, dishonest, unreliable, clunky and RUDE !

After HUNDREDS of e-mail and dozens of phone calls I finally broke out of the circle of dispair by deciding to air my views on a web page and give up on NetBank. I'd have more success trying to get thru to Robert Downey Jr, honestly (no offence to him)....

Pros: High Interest paid, no fees, no minimum balances
Cons: Mail in deposits, most ATM transactions will have a fee

I've been banking with NetBank for about a year now and I think its great. I have a 2 checking accounts, a money market and a credit card. The biggest draw for me was the fact that they pay a high interest rate (3-5% depending on the type of account)...

Pros: excellent interest rates, no fees
Cons: no cancelled check images

After moving to the Boston area over one year ago, I began banking with the only reasonably priced bricks and mortar bank in the area. It recently got bought out by another bank. My reasonably priced account disappeared in a wave of price increases and...

Pros: High interest rates, no minimum balances
Cons: Terrible customer service, late bill payments, no ATM fee reimbursements

UPDATE 10/1/00:

For the past several months, I have held no funds at Netbank but have kept my accounts open in the event I see significant improvements in their service. I am not holding my breath. The poor service and late bill payments...

Pros: There are no pros.
Cons: They breach their customer contracts, they can't be trusted.

When it comes to entrusting your money to someone else, it's impossible to think of anything more important than the assurance that the trustee will do no more and no less than what's stated in the contract between you.

That "contract" is,...

Pros: Good interest rates, low minimum balance requirements
Cons: Web site is weak for an "internet bank"; typical mail-only weaknesses

I've had a Netbank Money Market account for about 2 years and a Netbank NetValue checking account for about 5 months. Overall, I'm satisfied. Their rates are quite good (go to http://www.bankrate.com to compare rates and you'll see this is true), and...

Pros: Good interest rates, no fees
Cons: No ATM rebates, no Clickmiles

I decided to go with a internet-only bank after several very, *very* frustrating experiences with my "land" bank, Republic National Bank of New York (now HSBC). Not that I thought that an internet only bank would be easier. But if I was going...

Pros: High interest, online accounts
Cons: Mail in deposits

I've been banking at Net.B@nk for over a year and a half and would recommend Net.B@nk to anyone who has a consistent Internet connection (which is pretty much everyone). Net.B@nk exists purely on the Internet or by phone and this allows them to cut...

Pros: User friendly sites, prompt customer service, all in one money managing, great rates
Cons: Don't reimburse ATM fees.

www.netbank.com is the best online bank I have used. I have had experiences with www.usabancshares.com, www.bankdirect.com, www.nationalinterbank.com, www.x.com, www.etrade.com, etc., and netbank simply is the best.

The site is easy to...

Pros: Great interest rate on checking.
Cons: Customer service problems, cryptic web site.

My problems started when, for whatever reason, I ended up with duplicate, identical accounts opened when I signed up. I requested that the erroneous account be removed/closed and the funds transferred into the primary account. Two days later, I...

Pros: high interest rates, nice overdraft protection, low minimums
Cons: customer service, no ATM rebates, no face to face

I've been with NetBank for 2 years now, and have a checking and money market account with them. It's definitely one of the better banks, but there are some things I don't like about them.


Overdraft Protection
I have nothing...

Pros: It will consume your life and you will have nothing else to think about.
Cons: Netbank seperates you and your money, perhaps forever!

Two weeks ago, I was a Compubank customer. This week I am about $500 ripped offf because of absolute total incompetence of NetBank.

There are some really good articles in this category on this site that explain WHY NetBank is sooo bad! If...

Pros: High interest, low or no fees
Cons: You have to wait for the money to arrive in your account!

I have been using NetBank since late last year and have been very impressed with what I'm getting. Like all Internet banks you have the option of checking your current balance of your account 24 hours a day.

This bank has a ton of...