The Motley Fool Discussion Boards

Previous Page

Financial Products & Services / Online Banking

URL:  https://boards.fool.com/although-the-itnerest-rates-and-other-services-14187749.aspx

Subject:  Re: NetBank and ATM Fees Date:  1/24/2001  3:20 PM
Author:  Nathar Number:  4977 of 24361

Although the itnerest rates and other services provided by NetBank look impressive, it is my understanding that NetBank doesn't reimburse ATM fees charged for use of other financial institutions' ATM machines. Accordingly, the money saved by a higher interest rate would be lost in ATM fees. Am I missing something here? Why doesn't NetBank reimburse these fees like most other internet-only bank?

It all depends on the individual customer. A consumer who uses a lot of ATMs would be better off with a bank that had ATM reimbursements, and probably a lower interest rate (unless it's PCBanker.com). A consumer who doesn't use a lot of ATMs is better off with NetBank because of its higher interest than some other banks.
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us