ATLANTA, March 16, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com), today announced a new affiliation with the Lehigh University Alumni Association. More than 50,000 Lehigh alumni have the opportunity to earn up to $175 in cash rewards for opening and funding a variety of NetBank accounts. When applying for a NetBank checking and/or money market account, alumni also have the option to donate or split the cash reward with the alumni association.
"We're pleased to add NetBank as a partner," said Chris Marshall, executive director, Lehigh University Alumni Association. "Not only do our alumni benefit from using their products and services, but our organization benefits as well. It's a win-win for everybody."
"College students, as well as recent graduates, represent a new wave of bank customers who will never set foot in a bank branch," said Donna Mack Crowell, director of strategic alliances for NetBank. "Internet banking is in step with their lifestyle, and alliances such as this one allow us to market our services to this highly desirable market segment."
Cash rewards for opening a NetBank account can be earned in the following ways:
-- $75 for opening and funding a checking account with a
minimum deposit of $50 and maintaining an average daily
balance of $1,000 for at least one month
-- $75 for opening and funding a Money Market account with
a minimum deposit of $100 and maintaining an average daily
balance of $1,000 for at least one month
-- $25 Visa Gift Card for opening and funding a Certificate of
Deposit account with a minimum amount of $1,000 and a term
of at least 12 months
Lehigh alumni can learn more about earning cash rewards through NetBank by visiting www.netbank.com/lehigh.
About NetBank, Inc.
NetBank, Inc. (Nasdaq:NTBK) operates with a revolutionary business model through a diverse group of complementary financial services businesses that leverage technology for more efficient and cost effective delivery of services. Its primary areas of operation include personal and small business banking, retail and wholesale mortgage lending, and transaction processing. For more information, please visit www.netbankinc.com.