Adding Value at the Right Price: Hibernia Offers Bill Pay for Free.

Business Editors

NEW ORLEANS--(BUSINESS WIRE)--Sept. 17, 2003

Hibernia National Bank continues to deliver great value to customers via the free way.

Hibernia already offers Completely Free Checking(SM) for consumers and businesses -- a product that eliminates monthly cycle service charges and offers free gifts to those who open new checking accounts and those who successfully refer new checking accounts.

Now, Hibernia is also offering a free way to pay bills.

The electronic bill-payment feature of Hibernia's Internet banking service, Bank [e-mail], is now free for all consumers and most small businesses.

Hibernia Online Bill Pay offers the most convenient way to pay bills and features several benefits, including:

-- The ability to make single as well as regularly scheduled

payments to any individual or business in the U.S.

-- The ability to schedule payments to be taken out of the

customer's account on the day they are due.

-- No need for stamps or envelopes for paying bills.

-- Bill Pay Guarantee(1)

-- A tracking system that records and tracks bill payments.

-- The ability to make payments wherever and whenever Internet

access is available.

-- Strict measures to ensure the safety and security of paying

bills online.

"Online Bill Pay delivers the speed, convenience and dependability customers want," said Randy Bryan, executive vice president for Marketing and Delivery Channel Management. "We're pleased to now offer this product at no charge."

Anyone who sets up a bill payment through Hibernia Online Bill Pay or Hibernia Debit MasterCard AutoPay between Oct. 1 and Nov. 30, 2003, will be entered in a random drawing for $5,000. Customers will receive one entry in the drawing for each online bill payment or debit-card bill payment made during that timeframe. For a complete description of Hibernia's Bill Pay Sweepstakes and its rules, go to Hibernia.com and enter key word "5K."

In addition to Hibernia Online Bill Pay, Bank [e-mail] offers many other innovative features. Some of those features include the ability to:

-- Receive account alerts via email or text message-capable cell

phone, alpha-numeric pager or two-way paging device.

-- View mortgage and investment (Hibernia Investments, LLC)

balances.

-- View and print front and back images of cancelled checks.

-- View and print copies of current and past statements.

-- View a list of Visa Business card accounts including account

number, account description and current balance. Customers are

also able to link to Visa Biz Connect for more information

regarding their Visa business card accounts.

-- Make both one-time and scheduled transfers between deposit

accounts.

-- Make real-time advances and payments to and from available

lines-of-credit to deposit accounts.

-- View real-time account balances and transaction history for

checking, savings, money market, CD, IRA, loan and

line-of-credit accounts.

For more information on Bank [e-mail], go to Hibernia.com and enter key word "online."

Hibernia, a Forbes 500 company, has $17.9 billion in assets and 263 locations in 34 Louisiana parishes and in 18 Texas and two Mississippi counties. Hibernia Corporation's common stock (HIB) is listed on the New York Stock Exchange.

(1) If you schedule an online bill payment at least four business days before the due date and you incur a late fee or penalty because the payment didn't arrive on time, Hibernia will reimburse you (up to $50) for any late fee or penalty you incur and work with you and the payee to resolve any issues associated with a delayed payment.