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  Teachers FCU Checking Account
Teachers FCU Checking Account
in Checking Accounts from Teachers Federal Credit Union · Insured by NCUA
Unaffiliated

Teachers FCU Checking Account

Unaffiliated
in Checking Accounts from Teachers Federal Credit Union · Insured by NCUA
Net Recommendation Score -50  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

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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Highlights
Community Rating

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Cashback Rewards N/A
APY (Annual Percentage Yield) 0.05%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee Starting at $0

Teachers FCU Checking Account Review

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

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.05%.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • Bill pay. Pay your bills to practically anyone in the United States through Teachers Federal Credit Union.

Teachers Federal Credit Union checking account Pros & Cons

Pros Cons
  • Dividend-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • 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 account FAQ

Are checking accounts from Teachers Federal Credit Union federally insured?

Yes, your checking accounts are insured up to $250,000 per share owner for each account ownership category. 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 account offer?

Teachers FCU Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.05%

Teachers Federal Credit Union checking account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $2500.

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

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

Teachers FCU Checking Account Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $2,500

What fees does Teachers Federal Credit Union checking account charge?

The good news is that this account does not have a monthly Service Charge.

Teachers FCU Checking Account Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.75
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
Paper Statement Fee $0
Online Bill Pay Fee $0
Debit Card Replacement Fee $10
Early Account Closure $0

Does Teachers Federal Credit Union checking account charge overdraft fees?

Yes, Teachers Federal Credit Union checking account charges a $32 fee for every overdraft. You can get overdraft protection at a cost of $8 per transaction.

What features and perks does Teachers Federal Credit Union checking account offer?

This account includes the following features:

  • Fraud monitoring - Teachers Federal Credit Union checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Teachers Federal Credit Union checking account allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Teachers Federal Credit Union checking account?

The customer support email for Teachers Federal Credit Union checking account is webmail@teachersfcu.org.

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Message From Teachers Federal Credit Union checking account

Checking that pays you back - earn more with a Teachers High-Yield Smart Checking account. High rates, no monthly service fee and secure online banking - it's the smartest checking account around.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 2:00pm

Other Services by Teachers Federal Credit Union

Availability

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

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $2,500
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.75
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
Paper Statement Fee $0
Online Bill Pay Fee $0
Debit Card Replacement Fee $10
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.05%

Teachers FCU Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

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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