It will be $300 extra dollars for me. Thanks OP.

Do they really pay you $50 to leave ?

Whats holding me up here is the lack of easy in & out ach transfers.

But, on the other hand, I guess in 3 months they might just revise me to their new promo rate at the time too.

mbaker4096 said:vickh said:any promo codes for opening an everbank account??Nope. They pay you to leave, not to join.

Well, I will be taking them up on that if they dont extend the top rate for me.

Im not looking for a checking account, Im looking for a place to park cash with quick access if needed.

mbaker4096 said:Yep. They really pay you to leave.

Here's the link to their Satisfaction Guarantee.

I think the combo of many people writing in and many people transfering money out has made ING react. Still, I have a good mind to empty it except for 1 cent because of this punishment of those who kept money there.


hokie94 said:

I'm with you on moving to everbank. I was so pissed that existing customers who left money in ING were hosed.

As long as I can rememeber, they have offered 3 month teaser rates. At least several years.

workingonit said:I hope this isn't a duplicate post -- I tried a minute ago but it disappeared...

Does anyone know if Everbank runs these nice new-account promos pretty regularly? If so, I'll wait till later this year when I come into some money. But if not, I should open one now, as a destination for a couple of new BTs and some money from Presidential.

deleted

Everbank is just as bad, if not worse, than HSBC when it comes to ACH pulls.

Here's their disclosure:

"As your agent, you authorize EverBank to ensure your transaction request(s) originating from non-EverBank accounts will clear before being deposited to EverBank accounts, or that your funds are “good”, before the EverBank destination account funds are released. You understand and agree that to provide this service, your funds will be moved to a holding account for 2 business days, from the time the transaction is processed, prior to being released to your destination account, and that you funds will be processed at your destination account by the 3rd business day and available by the 4th business day following the process date."

For transactions initiated after 3PM, add another day to the above formula.
Go here for the Full disclosure

The grass isn't always greener on the other side

nymgiants said:
Everbanks wording makes it appear worse. I have bth hsbc and everbank. for both. If I submit on tuesday before 3pm, I lose 2 days interest. the difference is that on hsbc you see it on friday with a friday date, with everbank you see it on saturday with a friday date. They are actually the almost the same, I believe the cutoff time is a little better at hsbc. The fact that with both you lose 2 days interest is a problem. at least with everbank if i need money from that account, i can write a check and have a couple of days interest while the check clears.

Does the Everbank hold apply to funds that are pushed there from another bank, not using Everbank's system? For example pushing from E-Trade to anywhere else like HSBC I'd normally only lose 1 day interest (on a Mon-Thur) for the e-trade processing time, and earn at HSBC the day it arrives. Will this increase to 2 or 3 days pushing from E-trade to Everbank?

The linked terms refer to using Everbank's system but they also say "transaction request(s) originating from non-EverBank accounts".

I was just checking them out as a possible new bank just for the three months 5.01% intro rate. That intro rate is on a no fee interest bearing *checking* account (first 50 checks free).


$100,000 or more: 3.55%
$50,000 - 99,999: 3.40%
$25,000 - 49,999: 3.25%
$10,000 - 24,999: 3.12%
Below $9,999: 3.01%

They also have a "Yield Pledge Money Market" that is currently at 3.55%. $1500+ to avoid $4.95 montly fee.

Anyone know how to set up the ACH link to other accounts? Can you link to savings accounts or only checking accounts?

Finally "If you close your account within 30 days of your 3-month anniversary, we’ll send you a check for $50.00 after we hear from you, as our way of saying "Thank You!" for giving us a try*."

"* * Customer must notify EverBank of reason for dissatisfaction within 30 days of 3-month anniversary. Limit one per household. New EverBank National Banking Group customers only. Not valid with any other EverBank offer. Minimum of 3 Web bill payments required."

If you want billpay (say for cancel bonus) you need to sign up for it and keep $1500 in the checking account to avoid a $4.95 monthly fee.

Anyone have an opinion on if the Everbank promo rate of 5.01% APY will increase in the near future?

Also,
mhesidence, in reference to your post

Finally "If you close your account within 30 days of your 3-month anniversary, we’ll send you a check for $50.00 after we hear from you, as our way of saying "Thank You!" for giving us a try*."

is this the same link for the bill pay guarantee w. FRENET checking posted above?