NetBank Announces Marketing Alliance with Hilton HHonors

Members of Hilton HHonors, the Guest Loyalty Program of the Hilton Family of Hotels, Get Great Rates and Great Rewards by Banking Online With NetBank


ATLANTA, July 20, 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 Hilton HHonors(r), the Hilton Family of Hotels' award-winning guest reward program. Hilton HHonors members have the opportunity to earn up to 20,000 HHonors bonus points for opening and funding a variety of NetBank accounts.

"Alliances such as the one we are announcing today allow NetBank to market our services to consumers who share similar characteristics to our existing customer base -- mainly busy professionals like frequent travelers who appreciate the value and convenience of doing business online," said Donna Mack Crowell, director of strategic alliances for NetBank. "Internet banking is in step with their lifestyle, and as a NetBank customer, they can enjoy a convenient connection to their money no matter where their travels take them."

Bonus points for opening a NetBank account can be earned in the following ways:



 -- 8,000 HHonors bonus points for opening and funding a checking
    account with a minimum deposit of $50 and maintaining an average
    daily balance of $500 for at least one month
 -- 8,000 HHonors bonus points 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
 -- 4,000 HHonors bonus points for opening and funding a Certificate of
    Deposit account with a minimum amount of at least $1,000 and a term
    of at least 12 months

"We're pleased to welcome NetBank as a partner and to provide HHonors members with yet another way to earn bonus points through services that fulfill their everyday needs," said Adam Burke, Sr. Vice President and Managing Director of Hilton HHonors Worldwide. "The flexibility of NetBank's services and the generous bonus points offered create a valuable opportunity for our members who are always on the go."

Hilton HHonors members can learn more about earning bonus points through NetBank by visiting www.netbank.com/hilton.

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.

About Hilton HHonors

Hilton HHonors is a guest reward program that gives frequent travelers a faster way to earn the rewards they want most. Enrolled members can Double Dip(r) to earn HHonors points and airline miles for the same stay, at nearly any rate, at more than 2,800 participating Hilton, Conrad, Coral by Hilton, Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Hilton Grand Vacations Club, Homewood Suites by Hilton, Scandic and The Waldorf=Astoria Collection(tm) hotels around the world.

Due to the unmatched flexibility, generosity and value offered by HHonors program features, as well as the many attractive promotions that HHonors offers each year, the program has been recognized with numerous travel industry awards.

Membership in HHonors is free. Travelers may enroll online by visiting www.hiltonfamily.com. Or, to enroll instantly in the program and make reservations, consumers in the U.S. and Canada may call 1-800-HHONORS. Outside the U.S. and Canada, travelers may call the Hilton Reservations Worldwide office in their area. Travelers also may enroll at any participating Hilton, Conrad, Coral by Hilton, Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Hilton Grand Vacations Club, Homewood Suites by Hilton, Scandic or The Waldorf=Astoria Collection(tm) hotels around the world.

The following service marks are owned by Hilton Hospitality, Inc.: Hilton(r), Doubletree(r), Embassy Suites Hotels(r), Hampton Inn(r), Hampton Inn & Suites(r), Hilton Garden Inn(r), Hilton Grand Vacations Club(r) and Homewood Suites by Hilton(r) , and The Waldorf=Astoria Collection(tm). Conrad(r) is owned by Conrad Hospitality, LLC.



            

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