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NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was an American direct bank that operated between 1996 and 2007. Netbank suffered from bank failure and was closed by regulators on September 28, 2007. Its deposits were acquired by ING Group and the Netbank.com domain name was acquired by Axos Financial.
In October 2001, Bank of America customers executed a record 3.1 million electronic bill payments, totaling more than $1 billion. As of 2017, the bank has 34 million active digital accounts, both online and mobile. [ 11 ]
The Commonwealth Bank offers online banking services through NetBank. NetBank allows customers to transfer funds, manage accounts, access assets and liabilities and also manage savings and saving goals. [108] NetBank is also offered with a mobile app available for iOS and Android. [citation needed]
The subprime mortgage mess claimed its first (and maybe not the last) bank victim when the Feds shut down Netbank in September 2007. One of the oldest and 2007 Departures: Netbank, granddaddy of ...
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