Rena J.
Non-transparent disclosures, especially about external transfers. Possible violations of truth in savings act.
Their rates are competitive, true. But if you want to get a better rate at a different bank, there are limits on external transfers from Everbank to your external bank. Only $10,000 per transfer max and. $30,000 total transfers per month.  I am a retired consumer banking lawyer and sure there are violations of the truth in savings act in their disclosures, but don’t have the energy to research that right now.. i’ll just get my money out of there, even though it takes forever with this external transfer rule and move it elsewhere even for lower rates.




