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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: sam who wrote (2387)3/28/2000 8:44:00 PM
From: Herc   of 2414
 
I think the consensus of money managers right now is that Internet Banks have to pay too much to attract deposits. So they will never be profitable.

I disagree. They don't have to have all those buildings, and they don't have to have all those tellers and loan officers. But there are lots more attractive investments out there. So I don't own NTBK right now.

Also Telebank just bought up the nationwide network of ATM machines. Also I believe NTBK reimburses your ATM charges. And you can always get a debit card from NTBK and get cash when you buy stuff at retailers with your debit card.

We are nearing the first anniversary of NTBK's historic runup to 240, pre 3:1 split, of course.
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