I was once a NetBank shareholder. I am a one-year old NetBank customer. And today I am notifed of a fee hike by a snail mail from NetBank.
Among some of the new fees effective January 1, 2004:
Online Bill Payment Inactivity: $5/month after 3 successive months of inactivity
Checking Account Inactivity: $3/month after 3 successive months of inactivity with an average daily balance of less than $3,000
Dormant Checking Account Fee: $5/month after 12 months of inactivity
Still, NetBank is offering attractive interest rate, but this fee schedule, especially the online bill payment inactivity fee, is notorious. I therefore cancelled my enrollment in the NetBank Bill Payment program.
Also, I'm considering other options like VirtualBank, which offers 2.10% money market account, and Presidential Bank's 2.75% Interest Checking Account.