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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: $Mogul who wrote (1412)4/12/1999 4:15:00 PM
From: Mike Milde  Read Replies (2) of 2414
 
$Mogul, read the last posts and the annual report. An all Internet bank has little overhead. Transactions cost them about 1% what a bricks-and-mortar bank does. They can then offer free bill pay, free checking at 3%, 5% money market, free ATM, etc.

Normal banks can never do that - their costs are too high.

Mike
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