The People’s Car Company To Open ABank For The People

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AUBURN HILLS, Mich. - (08/19/04) Volkswagen of America plans by year-endto be operating an Internet bank that offers checking, savings,CDs, debit cards and online bill pay. It will be called VolkswagenBank USA. The bank is to be piloted this month with active andretired Volkswagen employees, with CDs to be offered to the publicbeginning in November and all other products by early 2005. Thecompany is pursuing a contract with a national ATM network to givedepositors access to cash at no charge. It will also reimbursecustomers for ATM fees incurred at other machines.

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