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  Teachers Federal Credit Union Checking

Teachers Federal Credit Union Checking

in Checking Accounts from Teachers Federal Credit Union · ncua

Unaffiliated

Teachers Federal Credit Union Checking

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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1 user doesn't recommend
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Highlights
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $1.75
Minimum Balance to Avoid Monthly Fee $0
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
  • Higher than average APY. Teachers Federal Credit Union Checking has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $2500.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • 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.
  • 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 account 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 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 Federal Credit Union Checking 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 Federal Credit Union checking account Account Minimums
Description Amount
Minimum Opening Deposit $0
APY Minimum Balance $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 Federal Credit Union Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $10
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $0
NSF Fee $32
Online Bill Pay Fee $0
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $8
Paper Statement Fee $0
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

Does Teachers Federal Credit Union checking account charge overdraft fees?

Yes, Teachers Federal Credit Union checking account charges a $32 fee for every overdraft.

Teachers Federal Credit Union checking account offers 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.

How do people rate the customer service and user experience of Teachers Federal Credit Union checking account?

Overall, Teachers Federal Credit Union checking account is mostly not recommended based on community reviews that rate customer service and user experience.

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Contact

  • Headquarters
  •   2410 North Ocean Avenue, Farmingville
    Hauppauge, NY 11738
  •   Visit Site

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

APY Minimum Balance $2,500
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee $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
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
APY (Annual Percentage Yield) 0.05%

Teachers Federal Credit Union Checking 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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