LINK
--------------------------------------------------------------------------------
Do not open an account with Netbank!!
To: [email protected]
I hope you are able to help me with a problem I've encountered with [email protected] The problem concerns the overall experience at your bank. .
Do not open an account with Netbank and stick with your local bank! Below are just a small list of the problems that I incurred with using this bank and my account was only open for a month.
1) Netbank does not have have that many ATMs, so in order to withdraw your money using an ATM, you have to travel many miles just to get to an ATM (most likely the capital city of your state).
2) The only way you can deposit money is by mailing it to them. This process takes about 3 days even before the deposit shows up in your account.
3) You cannot link your existing account with your Netbank account, you can only link a Netbank account with another Netbank account.
4) Netbank only accepts deposits that are made out to Netbank. I don't know about you but, my employer does not make my paycheck payable to Netbank! It is made out to me, which means that you will have to deposit checks at your local bank and then mail Netbank a whole separate check.
5) Netbank will hold onto your deposited funds for 7 days if your account has only been opened for 30 days even if you mail them a money order! My local bank has never held onto a deposit for longer than 2 days and they only place a hold on checks.
This is only a small list of problems that I experienced with this bank. I opened this account to earn interest on my money however, given all the problems that I experienced, the small 1% interest gets eaten up real quick in the numerous emails and phone calls that have to be made to this bank!!
In the future I plan to take my business to other banks, and I'll urge others to avoid banking with you.
Here's the resolution I propose: Keep your policies in place, I just hope that my experience will be helpful to others considering opening an account with Netbank and encourage them not to do so
Thank you for your consideration in this matter. I look forward to your prompt reply.
From:
Bryan T.
CT