Review
Updated
Fact Checked
Ashley Maready
The EverBank Yield Pledge® Checking offers a slate of unique perks, including rare debit card protections. But it's frequent ATM users who stand to benefit most from this account, thanks to EverBank's unlimited ATM fee reimbursements for customers with large enough balances. Check out our full EverBank Yield Pledge® Checking review to learn about whether it's the right home for your money.
Show Best Offers Available in
Ratings Methodology
Rates as
of Apr 25, 2024
EverBank Yield Pledge® Checking
Member FDIC.
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
![]()
![]()
![]()
![]()
![]()
= Best
![]()
![]()
![]()
![]()
= Excellent
![]()
![]()
![]()
= Good
![]()
![]()
= Fair
![]()
= Poor
= Best
= Excellent
= Good
= Fair = Poor
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
![]()
![]()
![]()
![]()
![]()
= Best
![]()
![]()
![]()
![]()
= Excellent
![]()
![]()
![]()
= Good
![]()
![]()
= Fair
![]()
= Poor
= Best
= Excellent
= Good
= Fair = Poor
APY
0.45%
Min. To Earn APY
$0
- Earns APY
- Monthly ATM fee reimbursements
- Purchase protections for debit cards
- Higher APY available at other financial institutions
The EverBank Yield Pledge® Checking is a great fit for those who want no monthly fees.. While those with larger balances will benefit the most from this account, just about everyone will appreciate the rare debit card protections and ATM fee reimbursements many other online checking accounts skip.
Checking account comparison
We recommend comparing checking account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
Show Best Offers Available in
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0%
Min. to earn: N/A
|
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
|
|
Rating image, 4.75 out of 5 stars.
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.50%
Rate info
You can earn the maximum savings APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
Cash bonus up to $300 with direct deposit set up (see details when you click 'Open Account')
|
|
Rating image, 4.25 out of 5 stars.
4.25/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.40% (up to 3.30%)
Rate info
To earn the full APY, account holders must do all of the following: Receive monthly direct deposits totaling more than $1,500; make 10 transactions a month with your Axos debit card, or sign up for Axos's Personal Finance Manager; maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account; and use your Rewards Checking account to make your full monthly Axos Bank consumer mortgage, personal, or auto loan payment.
Min. to earn: Monthly direct deposits totaling at least $1,500
|
Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
|
Full EverBank Yield Pledge® Checking review
Top perks
ATM fee reimbursement: EverBank Yield Pledge® Checking holders may use Allpoint and MoneyPass® ATMs without incurring a fee, but don't worry if you don't live near one of these. People with minimum balances under $5,000 receive up to $15 in reimbursements per month, while those with balances of $5,000 or more are eligible for unlimited ATM fee reimbursements.
Debit card includes purchase protections: Your EverBank debit card includes some rare purchase protections usually reserved for credit cards. These include:
- Extended warranty protection: When you use your EverBank debit card on an eligible purchase that carries a U.S. manufacturer’s warranty, the bank may extend your protection. Warranties of three years or less may be extended by up to one year, and warranties of one to six months could be doubled.
- Price protection: If you purchase an item with your EverBank debit card and the price drops within the next 60 days, EverBank’s price protection program can pay you the difference between the price you paid and the new advertised price, up to $250.
- Return protection: Return protection may reimburse you for the cost of an item even if the merchant refuses to take it back. Only purchases made with your debit card within the last 90 days qualify for return protection.
FDIC insured: EverBank is an FDIC member. That means your funds, up to $250,000 per depositor, per institution, are protected in the event of bank failure.
What could be improved
APY tiers: EverBank could offer more tiered incentives for its APYs. As it stands, those with large balances earn the same APY as those who only keep a few dollars in their account.
Low APY: If you want to earn high interest on your money, this account will likely frustrate your efforts. In fact, you might be better off with an EverBank Yield Pledge Money Market Account. This account boasts a decent APY and has checking account-like capabilities, like a debit card. Additionally, EverBank also offers CDs, which could help you earn more on savings you're not using in the near term.
Fees
| Fees | Monthly Maintenance | ATM Withdrawal | Overdraft | Stop Payment | Insufficient Funds |
|---|---|---|---|---|---|
| EverBank Yield Pledge® Checking | $0 | $0 | $0 for transfers from linked EverBank savings account | $25 per item | $0 |
How to access your money
Here's a closer look at your options for depositing and withdrawing money from your EverBank Yield Pledge® Checking.
Deposit options
Use any of the following methods to fund your EverBank Yield Pledge® Checking:
- ACH transfer
- Wire transfer
- Mailed check
- Mobile-deposited check
- Visit an EverBank branch
If you're looking to deposit your funds in person, note that EverBank currently has only nine financial centers in the U.S., and they're all in Florida.
Withdrawal options
You can choose from any of these methods to withdraw money from your EverBank Yield Pledge® Checking:
- ACH transfer
- Wire transfer
- Check withdrawal
- ATM withdrawal
- Point-of-sale withdrawal
- Visit a EverBank branch (only in Florida)
While you can technically use any ATM without paying a fee thanks to EverBank's ATM fee reimbursements, you can skip those extra hoops by using one of its surcharge-free ATMs. The Find an ATM tool on EverBank's website and its mobile app can help you find the one nearest you.
EverBank Yield Pledge® Checking is right for you if:
The EverBank Yield Pledge® Checking is best for those who frequently use ATMs and maintain a balance high enough to get unlimited reimbursements. If you aren't keeping a large balance, there are other checking accounts to consider. But anyone can enjoy the account's rare protections on debit card purchases and earn a little interest while they're at it.
Keep reading about EverBank:
Our checking account methodology
At The Motley Fool Ascent, checking accounts are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and fees. Our highest-rated banking products generally include competitive APYs without complex qualification tiers, low to no fees, and ease of use. See our full Ratings Methodology here.
FAQs
-
The interest rate on this account is variable and can fluctuate.
Our Banking Experts
Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.
Fact Checked
Ashley Maready
Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
Share This Page
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Kailey Hagen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Axos Financial, Target, and U.S. Bancorp. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.