EverBank
everbank.comSummary
EverBank provides foreign currency accounts and foreign exchange services for personal and business clients. They allow holding funds in multiple currencies and offer international transfers with transparent exchange rates. Their services are designed for investors and businesses looking to diversify their portfolios or manage international transactions.
Features6/15
See allMust Have
3 of 5
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Multi-Currency Account
Borderless Debit Card
Fast Transfer Execution
Other
3 of 10
Business Account Features
Regulatory Compliance
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Invoice Creation
Spending Analytics
Mobile App
Multi-User Access
PricingTiered
See allWorldCurrency Access Deposit Account
- Hold money in a foreign currency
- Access via wire transfer
- Move money between currencies or back to USD
- FDIC-insured
- Monthly maintenance fee may apply
- Currency price fluctuations may result in loss of principal
Single-Currency CDs
- Access to major and emerging market currencies
- Available in 3-month terms
- FDIC-insured
- Currency price fluctuations may result in loss of principal
Multi-Currency CD Baskets
- Instant diversification in multiple foreign currencies
- Comprised of 3 to 6 individual currency CDs
- Available in 3-month terms
- FDIC-insured
- Currency price fluctuations may result in loss of principal
Rationale
EverBank offers foreign currency accounts and foreign exchange services for both individuals and businesses, aligning with the multi-currency account and international transfer aspects of Wise. They explicitly mention 'Customer Exchange Rate that is within 1% of the Wholesale Rate' which indicates a transparent fee structure close to the mid-market rate. They also offer business-specific features and customer support. However, they do not explicitly mention fast transfer execution, borderless debit cards, or advanced features like API integration or batch payments, which are core to Wise's offering.
