Making and receiving international payments requires that you work with a bank that not only understands your business needs, but also is fluent in the ways of global markets. That's where we can help. Start utilizing our extensive knowledge and capabilities to see that all of your forex needs are met with the service and precision your business requires. You'll get a dedicated forex specialist to serve as your ambassador whenever business calls.
Today more than ever it's a global economy. With business foreign exchange from EverBank, get the tools, options and services you need to start working better around the globe.
We can equip you with the convenience and unique benefits of our currency deposit account, which can be denominated in any of the world's most traded currencies. The WorldCurrency Access® Deposit Account is business ready and works just like an everyday money market account so that transacting in foreign currencies is not only made simpler, but also more familiar.Explore our currency deposit account >
Access a higher level of global expertise and support from dedicated business forex specialists with years of currency know how and knowledge.
If you request funds in this account be denominated in a currency other than the currency you deposit with EverBank, we will convert your currency using a Customer Exchange Rate that is within 1% of the Wholesale Rate for the selected foreign currency. The Wholesale Rate is a market price that we determine is available to us in the Wholesale Market for a specific Foreign Currency at a specific point in time. Exceptions may occur if EverBank agrees in its sole discretion to lock in your rate before the transaction. The Wholesale Rate is determined by EverBank on a transaction-by-transaction basis and varies with the applicable wholesale trading market. Wholesale Rates are not published or publicly available. You are not obligated to conduct Currency Exchange transactions with EverBank. For more information about EverBank's Exchange Rates, please see the Specific Terms - WorldCurrency® Deposit Accounts section in your Business and Non-Personal Account Terms, Disclosures and Agreements Booklet.
Not all WorldCurrency® accounts pay interest. Single currency CDs and multi-currency CD Baskets generally offer a fixed interest rate. Certain WorldCurrency Access® accounts earn interest. Interest earned will be calculated and credited in the account's denominated currency. Please visit our website for current rates and minimum balances to earn interest.
TIAA, FSB is an FDIC insured federal savings association. The standard FDIC insurance limit of $250,000 applies per depositor, per insured depository institution for each account ownership category. FDIC insurance covers against loss due to the failure of the institution, but not due to fluctuations in currency values. Due to the nature and volatility of the foreign exchange market, the values of currencies are subject to wide fluctuations against the U.S. dollar. Foreign currency denominated instruments will entail significant risk exposure to adverse movements of the foreign currency relative to the U.S. dollar. The amount of deposit insurance available for products denominated in foreign currency will be determined and paid in the United States dollar equivalent of the foreign currency, as the value of such currency is determined by the FDIC under its regulations, on the institution's date of default. You can lose money, including principal, due to currency fluctuations. Please only deposit money that you can afford to risk, and as part of a broadly diversified strategy.