I hope that this is a sign of Netbank realizing that sign-up bonuses will only burn a hole in a bank budget, if the bank fees customers to death and does not try to offer competitive deposit products.
Unfortunately, the ATM rebates will be offered only to the customers with
SuperValue Checking accounts (Service fees - $3/month for avg. daily balance of $2,500 or more. $9/month for avg. daily balance of less than $2,500).
The following post was made by basilkruglov on TMF
QUOTE
Date: Fri, 04 Nov 2005 15:22:18 -0500 (EST)
From: NetBank <[email protected]>
Subject: Changes to your NetBank Checking Account
X-Mailer: CME-V6.5.4.1; Netbank
NetBank®
Connect with your money(SM)
Important Notice From NetBank®
We're making some changes to our SuperValue(SM) and NetValue(SM) Checking accounts effective December 6, 2005. The information below details our current checking account rates and fees, and the changes that will take place in December.
We think you'll be pleased with the upcoming changes, but if you'd like to switch accounts it's easy to do so. Your account number, checks, ATM Card and Visa® Check card will all remain the same. Just contact Customer Care by sending a secure Bank Mail or by calling 1-888-BKONWEB (256-6932) and let them know you'd like to change checking account types.
:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
SuperValue Checking - Currently
Interest rate - 1.50% APY*
ATM fees - No rebates
Inactivity fee - No charge if average monthly balance is $3,000 or greater. $3.00 per month after 3 successive months of inactivity on accounts with an average monthly balance less than $3,000
Paper statements - $3/month
Service fees - $3/month for avg. daily balance of $500 or more. $9/month if avg. daily balance is below $500
SuperValue Checking - As of 12/6/05
Interest rate - 2.00% APY*
ATM fees - Rebate up to $3.50/statement cycle
Inactivity fee - $0
Paper statements - $3/month
Service fees - $3/month for avg. daily balance of $2,500 or more. $9/month for avg. daily balance of less than $2,500
:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
NetValue Checking - Currently
Interest rate - 1.00% APY*
ATM fees - No rebates
Inactivity fee - No charge if average monthly balance is $3,000 or greater. $3.00 per month after 3 successive months of inactivity on accounts with an average monthly balance less than $3,000
Paper statements - $3/month
Service fees - $0
NetValue Checking - As of 12/6/05
Interest rate - .75% APY*
ATM fees - No rebates
Inactivity fee - $0
Service fees - $0
Thank you for being a NetBank customer.
Sincerely,
NetBank Customer Care
1-888-BKONWEB (256-6932)
*************************************************************************************
*Annual Percentage Yield (APY) accurate as of 11/01/2005. Interest rate and APY subject to change after account is opened. Service fees or penalties charged against the account may reduce earnings. See the Fee Schedule for more information at http://www.netbank.com/terms_fees.htm. A $50 minimum deposit is required to open any checking account.
This email is for notification only. To contact us, please call Customer Care at 1-888-BKONWEB (256-6932) or log into your account and send a Bank Mail.
To view our Privacy Policy, visit http://www.netbank.c...rms_privacy.htm.
NetBank is a member FDIC and Equal Housing Lender.
©2005 NetBank, Inc. All rights reserved
source: boards.fool.com/Message.asp?mid=23258644
