Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Mel Spivak who wrote (2436)	2/5/1999 7:07:00 AM
From: Stephen B. Temple	Read Replies (1) \| Respond to of 3178

TeleBank to Refund Foreign ATM Fees; ATM Refunder Piloted to Yahoo! Finance Users February 5, 1999 ARLINGTON, Va.--(BUSINESS WIRE)TeleBank telebankonline.com), a leader in the nationwide delivery of high value financial service products via the Internet, Thursday announced the launch of the TeleBank ATM Refunder(TM). This new product will be available exclusively to users of Yahoo! Finance quote.yahoo.com) who sign up for TeleBank accounts through an advertising campaign that will run throughout the Yahoo!(R) network of properties. Yahoo! Finance users who click on a TeleBank banner advertisement and sign up for a TeleBank account will gain access to the TeleBank ATM Refunder. The ATM Refunder will instantly credit a Yahoo! Finance user's TeleBank account for any ATM fees charged by another bank when using that bank's ATM, up to $1.50 per transaction, up to four transactions per month. In addition to the TeleBank ATM Refunder, Yahoo! Finance users who sign up for an account with TeleBank will also benefit from lower minimum balance requirements and a direct link to 24-hour Internet banking. "Launching the TeleBank ATM Refunder to Yahoo! Finance users is our way of rewarding them for managing their personal finances on the Internet, and it advances our goal of creating products specifically for the progressive community that Yahoo! Finance users represent," said Mitchell H. Caplan, president and chief executive officer of TeleBank. "By keeping our overhead low, TeleBank eliminates the inconveniences of banking, like unwanted ATM fees, so customers save even more of their hard-earned money," Caplan added. "We're very pleased that TeleBank has chosen to pilot the ATM Refunder through an advertising campaign on Yahoo! Finance," said Mike Riley, senior producer of Yahoo! Finance. "We deliver the ultimate finance site for users seeking to manage their money, and we believe that Yahoo! Finance users will value the improved rates and lower fees that TeleBank is offering. " The ATM Refunder is the latest addition to TeleBank's 10-year value equation, which strives to put the customer first through a combination of premium yields in the top one-percent nationally, no or low account fees, free Internet checking, anywhere/anytime convenience, and quality customer service. In keeping with its "customers first" philosophy, TeleBank offers free, unlimited ATM and debit card use to all TeleBank money market and Internet checking account holders. Setting the standard as an innovator in the banking industry, TeleBank created a "branchless banking" model in 1989 by replacing brick-and-mortar branches with service through direct delivery channels. This direct delivery model reduced operating costs by more than half, allowing TeleBank to reward its forward-thinking, value-conscious customers in the form of premium deposit rates and low or no account fees. TeleBank customers have a choice of using their preferred service channel, including the Internet, telephone, fax and ATMs. Customers can log on to the TeleBank Web site and manage their accounts from the convenience of home, 24 hours a day, seven days a week. TeleBank's customer service representatives are available by phone for extended hours, offering one-on-one service without the hassles of long lines or traditional "banker's hours." TeleBank has introduced true Internet checking, which gives account holders the convenience of completing transactions, such as bill payments, over the Internet, while yielding the premium rates of a money market account. TeleBank's Internet checking account holders receive interest on account balances over $2,500, free unlimited online bill payments, free Internet account access, free printed checks, a free ATM/debit card and pay no monthly fees. TeleBank is a wholly owned subsidiary of TeleBanc Financial Corp. (Nasdaq:TBFC). TeleBank provides high value financial products and services to customers in all 50 states through low-cost alternative delivery platforms, including the Internet, telephone and facsimile. TeleBank is the nation's oldest and largest branchless bank with more than 50,000 accounts, more than $1.1 billion in deposits and $2.3 billion in assets. TeleBank can be accessed at www.telebankonline.com or 800/TELEBANK.