Another Web Bank

from the try-try-again dept

A lot of people consider Wingspan Bank to be something of a failure. So, it's a bit of a surprise to see the guy behind it already off starting a new online bank. Apparently, he thinks Wingspan was a success, but was too shackled to Bank One. Most people seem to think he's crazy, but he sounds like he's out to prove something.
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  • identicon
    elias, 30 May 2000 @ 9:24am

    wingspan a failure?

    where did you hear about wingspan being a failure. To be honest it was as early as last week I was shopping for online banks. Etrade bank (old telebank) and wingspan were my contenders...

    Please mention the articles you've seen comments on these banks

    link to this | view in chronology ]

    • icon
      Mike (profile), 30 May 2000 @ 10:24am

      Re: wingspan a failure?

      A lot of high level defections. Loss of support from Bank One. Looking to sell off the unit. Not the stuff you usually hear about a success story.

      link to this | view in chronology ]

    • identicon
      einsneedle, 30 May 2000 @ 6:05pm

      Re: wingspan a failure?

      I don't know if you have it in the US, but in Canada we have ING Direct. They started as a phone-only bank (backed by the ING bank of Holland) and have added internet access in the last year. I've never had a problem with them(my main criteria), and they are currently paying 5% interest on a savings account, compared to the 0.1% the regular banks pay.

      link to this | view in chronology ]


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