Comments on: EverBank Reviews 2008: An Interview with EverBank Direct President http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/ Sat, 21 Nov 2009 18:00:36 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Scott http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-60781 Scott Wed, 19 Aug 2009 00:31:29 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-60781 I have to say that Everbank is the worst bank I have ever considered using. I deeply regret the choice to open an Everbank account. The high interest rate was definitely the drawing point. But after filling out the application online, I had to PRINT it and MAIL it in. That should have set off alarms for me. Unfortunately, it didn't. I paid $8.00 to get a CASHIERS CHECK for $25500.00 which then sent OVERNIGHT to the tune of $19.00. So far this cost me $27.00. After a FULL WEEK, I FINALLY received notification that my account had been opened and that I would receive my account materials in ABOUT another week. OK, NOW ALARMS were going off. I emailed Everbank only to be told that I had to call to get my account number. Everbank "Doesn't email account numbers because it's not secure." So, I phoned per the instructions. The response I got was "Everbank doesn't give the account numbers out over the phone but you can request an email with the account number." I still had the email from the first rep, so I read it to the second. After being put on hold to get approval, I finally got my account number so that I could set up online access. I immediately logged in to set up online access, only to fine that ALL EFT transfers would take a MINIMUM of 4 BUSINESS DAYS!!!!! When you request the transfer, Everbank takes the money out of your account and holds it for 2 business days so that you can't earn money but they have 2 days to keep using it. Then, on the 3rd day they initiate the transfer. So, either the 4th day or perhaps later, you will finally receive your money. ABSOLUTELY UNACCEPTABLE!!!!!!!!! But I'm not done. Online bill pay is PAPER CHECKS CUT AND SENT. NOT EFT!!! As if this wasn't enough, my $25500.00 CASHIERS CHECK was held for a total of 3 weeks!!!!!!!!!!!!!!!!!!!!!!!!! CASHIERS CHECKS ARE CASH. So, needless to say I immediately removed my money as soon as the hold was finally released. I've only told you the major points and I strongly recommend that you avoid Everbank like the plague. I guarantee you nothing but aggravation, fury, loss of money, and everything else. In the instant, electronic society that we live in, this antiquated bank needs to give it up and go out of business. Please help me spread the word and put them out of our misery. I opened a YIELD PLEDGE MONEY MARKET Account. I have to say that Everbank is the worst bank I have ever considered using. I deeply regret the choice to open an Everbank account. The high interest rate was definitely the drawing point. But after filling out the application online, I had to PRINT it and MAIL it in. That should have set off alarms for me. Unfortunately, it didn’t. I paid $8.00 to get a CASHIERS CHECK for $25500.00 which then sent OVERNIGHT to the tune of $19.00. So far this cost me $27.00.
After a FULL WEEK, I FINALLY received notification that my account had been opened and that I would receive my account materials in ABOUT another week. OK, NOW ALARMS were going off. I emailed Everbank only to be told that I had to call to get my account number. Everbank “Doesn’t email account numbers because it’s not secure.” So, I phoned per the instructions. The response I got was “Everbank doesn’t give the account numbers out over the phone but you can request an email with the account number.” I still had the email from the first rep, so I read it to the second. After being put on hold to get approval, I finally got my account number so that I could set up online access.
I immediately logged in to set up online access, only to fine that ALL EFT transfers would take a MINIMUM of 4 BUSINESS DAYS!!!!! When you request the transfer, Everbank takes the money out of your account and holds it for 2 business days so that you can’t earn money but they have 2 days to keep using it. Then, on the 3rd day they initiate the transfer. So, either the 4th day or perhaps later, you will finally receive your money. ABSOLUTELY UNACCEPTABLE!!!!!!!!! But I’m not done.
Online bill pay is PAPER CHECKS CUT AND SENT. NOT EFT!!! As if this wasn’t enough, my $25500.00 CASHIERS CHECK was held for a total of 3 weeks!!!!!!!!!!!!!!!!!!!!!!!!! CASHIERS CHECKS ARE CASH. So, needless to say I immediately removed my money as soon as the hold was finally released. I’ve only told you the major points and I strongly recommend that you avoid Everbank like the plague. I guarantee you nothing but aggravation, fury, loss of money, and everything else. In the instant, electronic society that we live in, this antiquated bank needs to give it up and go out of business. Please help me spread the word and put them out of our misery. I opened a YIELD PLEDGE MONEY MARKET Account.

]]> By: Sunday’s Money Madness · LoanBased.com http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-47605 Sunday’s Money Madness · LoanBased.com Wed, 03 Dec 2008 07:09:14 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-47605 [...] The Sun’s Financial Diary interviews EverBank Direct President about EverBank. [...] [...] The Sun’s Financial Diary interviews EverBank Direct President about EverBank. [...]

]]> By: Sun http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43982 Sun Sun, 14 Sep 2008 14:35:31 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43982 The assurance that the bank is not involved in subprime loans is very helpful. The assurance that the bank is not involved in subprime loans is very helpful.

]]> By: 164th Carnival of Personal Finance — Thornton Wealth Management http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43464 164th Carnival of Personal Finance — Thornton Wealth Management Mon, 04 Aug 2008 11:41:05 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43464 [...] check out some of the other great posts and information when you have a [...] [...] check out some of the other great posts and information when you have a [...]

]]> By: squawkfox » Carnival of Personal Finance: City Slickers Edition http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43463 squawkfox » Carnival of Personal Finance: City Slickers Edition Mon, 04 Aug 2008 11:29:10 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43463 [...] The Sun’s Financial Diary asks some tough sub-prime questions in EverBank Direct President Answers Some Questions about EverBank . [...] [...] The Sun’s Financial Diary asks some tough sub-prime questions in EverBank Direct President Answers Some Questions about EverBank . [...]

]]> By: Sunday’s Money Madness | Rich Credit Debt Loan http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43451 Sunday’s Money Madness | Rich Credit Debt Loan Sun, 03 Aug 2008 13:56:46 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43451 [...] The Sun’s Financial Diary interviews EverBank Direct President about EverBank. [...] [...] The Sun’s Financial Diary interviews EverBank Direct President about EverBank. [...]

]]> By: WaMu Online Savings Account Now 3.75% APY http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43428 WaMu Online Savings Account Now 3.75% APY Fri, 01 Aug 2008 00:52:05 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43428 [...] bank to increase its rate in the past three months (E-Trade, WT Direct, FNBO Direct, HSBC Direct, EverBank have bumped up their rates [...] [...] bank to increase its rate in the past three months (E-Trade, WT Direct, FNBO Direct, HSBC Direct, EverBank have bumped up their rates [...]

]]> By: Super Saver http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43426 Super Saver Thu, 31 Jul 2008 20:35:48 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43426 Sun, Cool. I think it's great that you are able to access the president of a bank. Sun,

Cool. I think it’s great that you are able to access the president of a bank.

]]> By: WaMu Increases Its Rate to 3.75% APY http://www.thesunsfinancialdiary.com/personal-finance/everbank-direct-president-answers-some-questions-about-everbank/comment-page-1/#comment-43413 WaMu Increases Its Rate to 3.75% APY Thu, 31 Jul 2008 03:08:05 +0000 http://www.thesunsfinancialdiary.com/?p=1953#comment-43413 [...] bank to increase its rate in the past three months (E-Trade, WT Direct, FNBO Direct, HSBC Direct, EverBank have bumped up their rates [...] [...] bank to increase its rate in the past three months (E-Trade, WT Direct, FNBO Direct, HSBC Direct, EverBank have bumped up their rates [...]

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