If you’re tired of your bank hitting you with fees for nearly everything you do, then paying you a microscopic amount of interest to keep your money on deposit with them, you may have a viable alternative.
EverBank is an alternative to traditional banks if you’re looking to avoid excessive fees while also earning above average interest rates.
Alternative to traditional banks
EverBank is an “online bank”, which is to say that you can conduct all of your banking online without ever having the need to go into the bank itself.
It’s based in Jacksonville, Florida, has well over $13 billion in assets, and has been around since 1961 though obviously not in its online form.
The bank offers 24/7 customer service (by phone), and since it is a bank, your depository assets are covered under FDIC for up to $250,000.
As part of its online model, you can deposit checks from your home computer—all you need to do is add the deposit information into your account online, endorse and scan both sides of the check, and your funds will be available the next business day.