New student members can earn a $100 cash bonus


Student Offer
Student Offer
  1. Open a new Teachers checking account with a debit card.
  2. Make 20 debit card purchases within 60 days.


Must enroll in online banking and eStatements


Your $100 bonus will be deposited into your Regular Savings account.

Teachers Checking Account Options:


Share Draft Checking 

Get the flexibility you need for day-to-day spending with less fees and better rates. There's no minimum balance to maintain and no monthly service fee. Enter STUDENT22 and earn a $100 cash bonus

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Smart Checking 

Earn 14x the national average1 with a Teachers high yield Smart Checking account. Open a high yield Smart Checking account that earns 1.00% APY* on balances up to $15,000 and 0.10% APY* on balances greater than $15,000 when you meet the qualifications. Enter STUDENT22 and earn a $100 cash bonus.

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Offer Terms & Conditions + Disclosure

Student Offer: Students can earn a $100 cash bonus by opening a new Smart Checking, Share Draft Checking, or Young Professional Checking account and using their Teachers debit card to make 20 qualifying purchases within the first three monthly statement cycles in order to qualify. The debit card purchases must post and clear the account in order to count towards the spend requirements. This offer is available to new members only. Non-member joint account holders are not eligible. A high school or college identification is required to open the Teachers checking account and be eligible for this offer. Members under the age of 18 must open the account with a parent or guardian as a joint account holder. Business and trust accounts are not eligible. This offer may be combined with the Refer-a-Friend promotion.

Additional Program Guidelines/Restrictions: The promotional period is from 4/21/2022 through 7/31/2022. All account applications are subject to approval. Eligibility for these offers will also require enrollment in Online Banking and eStatements. The cash bonus will be deposited to the primary member’s Regular Savings account within 30 days after all conditions are met but no sooner than the start of the third monthly statement cycle. Checking accounts must be open and in good standing with a balance greater than $0.00 in order to be eligible for the cash bonus. These offers are limited to one per primary member. For accounts opened online, you must use offer code STUDENT22 to be eligible. Teachers Federal Credit Union reserves the right to modify or discontinue this offer at any time. We also reserve the right to rescind any cash bonus paid if there is a violation of the terms, requirements and/or promotional guidelines of these offers. The cash bonus earned will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Membership at Teachers is required by opening a minimum $1.00 Regular Savings account.p at Teachers is required by opening a minimum $1.00 Regular Savings account. 

Smart Checking Disclosures: 
1 Based on Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks, accurate as of March 25, 2022. Average rates may change quarterly.

*APY = Annual Percentage Yield. Qualified APY of 1.00% is for balances up to $15,000.00 only. Balances $15,000.01 or above will receive an APY of 0.10%. APY accurate as of 05/11/2022. We will use the daily balance method to calculate the interest on your account. We may change the interest rate paid for products and services used and the annual percentage yield at the Credit Union’s discretion at any time without notice. Fees may reduce earnings. You will earn the qualified APY and ATM rebate benefits when you do at least one of the following each monthly statement cycle: Option #1: Maintain an average monthly balance of at least $5,000.00 in the Smart Checking account OR Option #2: Have $20,000.00 in combined end of month deposit balances OR Option #3: Maintain direct deposits of at least $500.00 per month AND complete 10 debit card purchases. The average monthly balance is calculated by adding the closing balance at the end of each day and dividing it by the number of calendar days in a given statement cycle. Combined month-end deposit balances represent the total amount of balances in all applicable deposit accounts at the end of a statement cycle. Qualifying direct deposits include payroll or government benefits. Transactions that will not count towards direct deposits include external transfers, point of sale credits, and in-person check or cash deposits. Direct deposits and debit card purchases must post and clear the account during the statement cycle. Limited to one product per primary owner. Members must enroll in Online Banking and eStatements in order to remain eligible. If you do not meet the requirements for a qualification period, you will earn interest and receive the ATM fee rebates for the current statement cycle but you will not earn interest or receive ATM fee rebates for the next statement cycle. You must requalify to earn interest and receive benefits. You will begin earning interest and receiving ATM fee rebates the statement cycle after you requalify. Non-Teachers FCU and out-of-network fees charged at U.S. ATMs will be refunded up to $15 per month. Eligible ATM fees will be credited at the end of the statement cycle to the Smart Checking account that incurred the fee(s). Members cannot be enrolled in the Educated Choice program and have a Smart Checking account. We reserve the right to modify or change this agreement at any time. Dividends earned will be reported as interest on IRS Form 1099-INT (or Form 1042-S, if applicable). Federally insured by NCUA. For more information, please see a Teachers representative or call 1-800-341-4333.


Federally Insured by NCUA