When I tried to close the account they told me they need it in writing. I faxed them the request and they said that I have to wait 7 days. After 7 days they said they don't accept faxed requests and I would have to mail it. I filed a complaint with the banking department. I don't reccomend anyone put their money there no matter what rate they will pay
I don't particularly like the idea of banks wanting an up-front deposit before account approval. $1500. in the case of the EverBank FreeNet Checking product. First Internet Bank of Indiana plays that game as well. FWIW, the FreeNet Checking is up to 6.01%. I'm having second thoughts about submitting an application after this posters comments.