If you live or work in Indiana or Michigan, Everwise Credit Union (formerly known as Teachers Credit Union) is offering a $200 bonus for opening a new personal checking account.
They've dropped the debit card requirements and you'll only need to set up a direct deposit, so this should be easy for anyone to meet.
This promotion applies to their Performance, Ultimate, Advantage, and World checking accounts, but we recommend their Performance account since it becomes fee-free just by enrolling in eStatements.
How To Earn The Bonus
The Everwise Credit Union Personal Checking promotion requires you to set up direct deposits in order to earn the $200 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- The checking account must remain open for at least 180 days.
- Only one bonus is offered per membership.
- New members will be subject to a $7 membership fee and $5 initial share deposit.
Open a Personal Checking account before the bonus expires
How does this personal checking offer from Everwise Credit Union compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
PNC
Virtual Wallet®
- Bonus
- up to $400
- Account Type
- Personal Checking
- Expires In
- 77 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 261 days
- Requires
- Direct Deposit
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $700
- Account Type
- Personal Checking
- Expires In
- 73 days
- Requires
- Direct Deposit
- Min Balance (optional)
Why Everwise Credit Union?
For more than 90 yeas, Everwise Credit Union was known as Teachers Credit Union; however, in 2023 they rebranded to better reflect their commitment to serving everyone, no matter their background or profession.Performance Checking
Fees
Performance Checking does charge a monthly maintenance fee of $2, but there are ways to get this waived:
- Make 10 transactions per month.
- OR, enroll in eStatements.
- OR, have $2,500 in combined monthly balances of loans, deposits and investments.
Ultimate Checking
Fees
Ultimate Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Enroll in eStatements.
- AND, complete 15 non-PIN debit card transactions.
Advantage Checking
Fees
Advantage Checking does charge a monthly maintenance fee of $7.
While you may not be able to avoid this fee, it can be reduced by doing the following:
- Save $2 each month by enrolling in eStatements.
World Checking
Fees
World Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain a combined balance of $100,000 across deposit, loan and investment balances.
If that proves challenging, there are also ways to reduce the monthly fees:
- Save $2 each month by enrolling in eStatements.
Apply now for a Personal Checking account to earn the $200 bonus offer
How to Join Everwise Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Everwise Credit Union's membership requirements:
- Be related to a current Everwise CU member.
- Live or work in select Indiana and Michigan counties.
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
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