Capitalizing on Bank of America’s highly publicized decision to charge certain customers $5/month for debit card usage (but see below), Everbank has launched a promo offering a $60 signup bonus for opening an account with them. In the ads, they ask:
“Why would you pay $60 a year to use your debit card? We’ll pay you $60 to switch.”
Their Yield Pledge Checking requires a $1500 minimum balance to open an account and has no monthly account fees. They also offer free check deposits from home and, as long as you maintain a $5k average daily balance, they’ll refund any ATM fees that you incur. Thus, even f you don’t have any nearby locations, you should be able to take advantage of their services.
If you’re interested, click here to open an account. But don’t dawdle, as Bank of America has had second thoughts and won’t be adding charging the debit card fee after all. I’m not sure what impact this will have on Everbank’s promo, but you never know…