ATLANTA - Internet-only NetBank has signed an agreement with the MAC automated teller machine network to give its customers access to about 18,000 deposit-taking ATMs across the country by yearend.
This move marks an effort by $1.7 billion-asset NetBank to address the inability of its customers to make deposits at branches, a principal drawback of Internet-only banking.
The deal would give NetBank customers complete access to MAC ATMs around the country.
The network has more than 60,000 machines, including 18,000 that can take deposits. NetBank customers will not be charged for the deposit-taking service.
Customers can also make deposits by mail, direct deposit, automated clearing house transfer, electronic funds transfer on the Internet, and wire transfer.
"One of our top business goals for the year 2000 was to enrich the customer's online experience," said D.R. Grimes, NetBank's chief executive officer. "We've accomplished a lot in trying to meet this goal with the addition of wireless banking, instant online funding, online chat, and now, improved deposit-taking services."