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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Les White who wrote (77)	3/11/1998 4:20:00 AM
From: TLindt	Read Replies (3) \| Respond to of 2414

>>>>Please clarify or post your sources. GAO Report prepared for The Honorable James A. Leach Chairman, Banking and Financial Services Committee House of Representatives. It's pretty extensive....I suggest you read the entire survey. I picked it up as an information post by the feds on 2/20/98...about a month after it when through the powers that be. "As of June 1997, we projected that an estimated 7 percent of U.S. banks ( 3 percent sampling error\3 ) offered on-line banking services, which most typically allow customers to access account information and transfer funds between their accounts. On the basis of plans reported to us by surveyed banks, we projected rapid growth in on-line banking over the next year and a half as the number of U.S. banks implementing on-line systems is expected to increase about fivefold nationwide. Bank officials identified three primary reasons for their banks' offering on-line banking: keeping existing customers, remaining competitive, and attracting new customers. Officials of 170 of the 185 surveyed banks (92 percent) currently offering on-line services said their on-line banking systems had met or exceeded their expectations." x9.dejanews.com Don't get scared........I doubt brick & motar banks can fully compete.