Credit Cards Online Information

NetBank, Inc. (Nasdaq: NTBK), parent company of the country's first commercially successful Internet bank, NetBank(R) (www.netbank.com), today announced the addition of business credit cards for small business banking customers. Since launching its service one year ago, NetBank has signed up approximately 1,600 small business customers with over $37.5 million in deposits.

"We are extremely pleased with the success of our small business banking initiative," said Douglas K. Freeman, chairman and CEO, NetBank, Inc. "More and more, small businesses are embracing the Internet and using it to do business better, faster, cheaper. In fact, our own research shows that 79% of small business owners across the country say the Internet is either 'somewhat important or very important to their business.' Clearly, small business owners find the hallmarks of the NetBank experience - convenience, personalization and value - compelling."

NetBank continues to build out its Small Business Banking product offering with the addition of two new business credit cards: the no annual-fee MBNA Platinum Plus(R) for Business and the MBNA Platinum Plus(R) Business Rewards. Both cards feature a credit line of up to $100,000; free additional cards for employees with individual credit limits; and employee misuse insurance protection. The Business Rewards card allows cardholders to receive bonus points for purchases.

In addition to traditional deposit products, NetBank also offers small businesses Internet-based payroll and tax filing services through a partnership with PayMaxx; equipment financing services; and online bill payment (including 10 free payments per month). NetBank plans to introduce other new products later this year, such as insurance and additional loan and credit products.

"We're working to add the types of products and services our customers have told us they need," said Bert Davis, director of small business banking, NetBank. "Our goal is to provide banking and ancillary services for small businesses in the industry's most convenient and versatile setting, and allow our customers to focus their time and energy on running their business."

And as many small business owners come to find out, running a small business can become an all-consuming endeavor. NetBank recently conducted a survey of more than 400 small business owners across the country on the realities of running their own business. Among the findings:

--23% of respondents said operating a small business was "more time consuming than imagined;"

--53% said they also serve as the accountant for their business;

--35% said they took less than one week of vacation in 2003;

--And when asked how much they worry about their business during personal time, 40% said "quite often."