Teachers Federal Credit Union is offering up to a $300 welcome bonus when you join and open a new personal checking account. It's broken into two parts, with each one being optional: a direct deposit offer (up to $200) and a debit spend bonus (up to $100). It's up to you to decide how much free money you want. This time around they're are spreading the requirements out over 4 months.
Have a referral? This offer will stack with their $50 referral bonus as well.
How To Earn The Bonus
The Teachers Federal Credit Union Personal Checking promotion requires you to optionally, set up direct deposits and make purchases using the account's card in order to earn the up to $300 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
- These offers are available to new members only. Non-member joint account holders are not eligible.
- Eligibility for these offers will also require enrollment in Online Banking and eStatements.
- Qualifying direct deposits include payroll or government benefits.
- Transactions that will not count toward direct deposits include external transfers, point of sale credits and in-person check or cash deposits, wire transfers, ATM transfers, and Online and Mobile Banking transfers.
- Qualifying debit card purchases do not include: ATM transactions, cash-back, Peer-to-Peer (“P2P”) payments, loan payments, account funding and disputed or unauthorized transactions.
- These offers may be combined with the Refer-a-Friend promotion.
- A new Smart Checking, Share Draft Checking, or Young Professional Checking account must be opened to be eligible.
- Direct deposits and debit card transactions must post and clear in the new checking account during the Evaluation Periods defined in this promotion.
- Members will be granted a one Evaluation Period grace period and will have until the end of the second Evaluation Period to meet the requirements.
- After each Evaluation Period in which the offer requirements have been met, any earned cash bonuses will be deposited to the primary member’s Regular or Youth Savings account within 30 calendar days.
Open a Personal Checking account before the bonus expires
How does this personal checking offer from Teachers Federal 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
- 64 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 248 days
- Requires
- Direct Deposit
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $700
- Account Type
- Personal Checking
- Expires In
- 60 days
- Requires
- Direct Deposit
- Min Balance (optional)
Why Teachers Federal Credit Union?
Smart Checking
Fees
Smart Checking does not charge a monthly maintenance fee.
Apply now for a Personal Checking account to earn the up to $300 bonus offer
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