CompuBank Features and Benefits at a Glance

CompuBank offers a mobile banking app that allows users to manage their accounts, pay bills, and transfer funds on the go. This app is available for both iOS and Android devices.

CompuBank's online banking platform provides 24/7 access to account information and allows users to pay bills and transfer funds online. It's a convenient way to stay on top of your finances from anywhere.

CompuBank's customer support team is available to assist with any questions or issues via phone, email, and live chat. They're available Monday through Friday, 8am to 6pm EST.

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CompuBank offers a mobile banking app that allows users to manage their accounts, pay bills, and transfer funds from their smartphones.

The app is available for both iOS and Android devices, making it accessible to a wide range of users.

CompuBank's online banking platform provides 24/7 access to account information, enabling users to check their balances, view transaction histories, and pay bills at their convenience.

CompuBank's customer service team is available to assist with any questions or concerns users may have, providing support via phone, email, and live chat.

CompuBank has agreed to sell all of its accounts to NetBank Inc. for an undisclosed sum.

CompuBank had about 50,000 accounts, including those acquired through co-branding relationships.

The account conversion will be completed in the second quarter, and CompuBank will continue to serve its customers until then.

It's unlikely that any members of CompuBank's management team will join NetBank.

CompuBank has added DealTime.com Ltd. to its roster of online merchants, bringing the total to 28. DealTime is a comparison-shopping service provider that lets consumers compare offerings from over 4,000 online companies.

CompuBank's eCommCenter now links consumers and small businesses to providers of services including postage, payroll, insurance, financial planning, and investor research. MP3.com, SurePayroll.com, and Spedia.com are also part of the eCommCenter merchants.

Charles Boyd, senior vice president of product development at CompuBank, said customers have reacted very positively to DealTime. The alliance has been in effect since November, although it was announced last week.

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CompuBank and eCommCenter have both been fully operational for about a year and a half. The company wants to be part of the natural evolution of the Internet and provide value to its customers through shopping online.

DealTime pays CompuBank a fee for each customer who gets to DealTime from the banking site. CompuBank has similar "reverse referral service" relationships with all 28 of its merchant partners.

DealTime makes its money through advertising and by charging companies to get "premium" designation in consumers' Internet searches.

Discover more: Internet Banking Bri

Cyberbanking is a growing trend that's making personal finance more accessible and affordable. Thousands of people have already made the switch to online-only banking, and it's likely to continue.

The idea is simple: by not having physical branches, cyberbanks can offer lower fees and higher interest rates to customers. This is because they have substantially lower overhead costs compared to traditional banks.

Security First Network Bank was the first cyberbank to launch, in October 1995. It's a subsidiary of Security First Technology, which sells online banking software to other financial institutions.

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Atlanta Internet Bank started from scratch in October 1996 and has already gone public, listing at $11 and currently trading at $26. TeleBank, which began as a phone-only bank in 1993, went online in March and has a market capitalization near its 52-week high at $20.25.

Here are some key stats on the current crop of cyberbanks:

TeleBank's acquisition of Premium Federal is a sign that this trend is here to stay. CompuBank is expected to launch its site sometime this quarter, and it will be interesting to see how it compares to the existing cyberbanks.