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  Teachers Federal Credit Union Checking

Teachers Federal Credit Union Checking

in Checking Accounts from Teachers Federal Credit Union

Unaffiliated

Teachers Federal Credit Union Checking

Unaffiliated

in Checking Accounts from Teachers Federal Credit Union

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Highlights
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Monthly Fee $0
ATM Fee: Out-of-Network $1.75
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.05%

Teachers Federal Credit Union Checking Review

Teachers Federal Credit Union Checking is offered by Teachers Federal Credit Union, a credit union founded in 1974 and based in Hauppauge, NY. Teachers Federal Credit Union Checking is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.05%, and you must keep a minimum balance of $2500.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • Free bill pay. Pay your bills to practically anyone in the United States through Teachers Federal Credit Union.
  • Hard credit pull. Teachers Federal Credit Union may require a hard pull on your credit report to open a checking account.
Teachers Federal Credit Union Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.
Teachers Federal Credit Union Checking FAQ

Are checking accounts from Teachers Federal Credit Union federally insured?

Yes, your Teachers Federal Credit Union checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does Teachers Federal Credit Union Checking offer?

Teachers Federal Credit Union Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.05%

Teachers Federal Credit Union Checking offers an APY of 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the account minimums for Teachers Federal Credit Union Checking?

Teachers Federal Credit Union Checking does not require a minimum initial deposit.

Teachers Federal Credit Union Checking Account Minimums
Description Amount
Minimum Initial Deposit $0
APY Minimum Balance $2,500

What fees does Teachers Federal Credit Union Checking charge?

The good news is that this account does not have a monthly service charge.

Teachers Federal Credit Union Checking Fees
Description
Monthly Fee $0
Paper Statement Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1.75
NSF Fee $32
Overdraft Protection Fee (per transfer) $8
Overdraft Item Fee $32
Early Account Closure $0
Returned Deposit Fee (Domestic) $15
Debit Card Replacement Fee $10
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $25
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 1%
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $50
Wire Transfer Fee - International (Incoming) $10
Returned Deposit Fee (International) $22
Wire Transfer Fee - Domestic (Incoming) $10
ATM Reimbursement Monthly Limit N/A

What features and perks does Teachers Federal Credit Union Checking offer?

This account includes the following features:

  • Fraud monitoring - Teachers Federal Credit Union Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Teachers Federal Credit Union Checking allows you to manage your money online.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Other Services by Teachers Federal Credit Union

Availability

  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

APY Minimum Balance $2,500
Minimum Initial Deposit $0
ATM Fee: In-Network $0
Early Account Closure $0
Monthly Fee $0
Online Bill Pay Fee $0
Paper Statement Fee $0
Debit Card Replacement Fee $10
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $32
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $8
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $22
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $50
ATM Fee: Out-of-Network $1.75
Bank Account Features
  • IRAs
  • Branch Access
  • NCUA Member
  • Bauer Financial A+/A Rating
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.05%

Teachers Federal Credit Union Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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