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EverBank
everbank.comSummary
EverBank provides foreign currency deposit accounts for individuals and businesses, allowing them to hold and manage funds in various major and emerging currencies. They offer foreign exchange services, including spot transactions and forward contracts, with a stated exchange rate advantage and FDIC insurance on USD equivalent balances.
Feature Matches6/15
See all6/15
Must Have
2 of 5
Transparent Low Fees
Multi-Currency Account
Mid-Market Exchange Rate Transfers
Borderless Debit Card
Fast Transfer Execution
Other
4 of 10
Business Account Features
Mobile App
Regulatory Compliance
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Invoice Creation
Spending Analytics
Multi-User Access
PricingTiered
See allTiered
WorldCurrency Access Deposit Account
$2,500.00 one time
- Hold, transact, and earn money in a foreign currency
- Funds remain liquid
- Easy to manage and control
- Move funds back into U.S. dollar or other foreign currencies
- 1% exchange rate advantage
- Forex services available
- FDIC insured
- Monthly maintenance fee may apply
- Deposits denominated in foreign currencies are susceptible to losses and gains due to currency price fluctuations
- Some currencies are non-deliverable and can only be withdrawn in U.S. dollars
WorldCurrency CDs
Custom
- Opportunity to earn interest in chosen currency or CD basket
- Available to personal or business banking clients
- Minimum deposit amounts apply
- Early withdrawal penalties apply
- Fees may reduce earnings
Rationale
EverBank offers WorldCurrency Access® Deposit Accounts which allow individuals and businesses to hold and manage balances in multiple foreign currencies, aligning with the 'multi-currency-account' feature. They state a '1% exchange rate advantage' which implies a transparent fee structure, though not explicitly 'mid-market exchange rate transfers'. They are a regulated bank, indicating 'regulatory-compliance'. They offer customer support and mobile banking, aligning with 'customer-support' and 'mobile-app'. They also have specific business account features and foreign exchange services for businesses.
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See allBest alternatives to [Product] in 2024?
Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Nov 30·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Nov 27·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.