Open a new Teachers checking account with direct deposit using offer code JOIN25 and earn up to a $300 cash bonus.1 Now that’s Smart.

$200
Direct Deposit Offer²

Earn $50 per month for up to 4 months by completing the following requirements: 

  • Open a new Teachers checking account
  • Receive at least $1,000 in monthly direct deposits
AND
OR
$100
Debit Card Cash Back Offer³

Earn up to $25 per month for up to 4 months 
by completing the following requirements: 

  • Open a new Teachers checking account with a debit card
  • Use your Teachers Debit Card and earn 2% cash back on purchases up to $500 and 3% cash back on purchases over $500 per month
AND
OR

Must enroll in Online Banking and eStatements

Teachers Checking Account Options:

Smart Checking

Earn 13x the national average† with a Teachers Smart Checking account. Open a high-yield Smart Checking account that earns 2.50% APY* on balances up to $15,000 and 0.10% APY on balances greater than $15,000 when you meet the qualifications. Enter JOIN25 and earn up to a $300 cash bonus. Learn More

Open Smart Checking

Share Draft Checking

Get the flexibility you need for day-to-day spending with no minimum balance required and no monthly service fee. Enter JOIN25 and earn up to a $300 cash bonus. Learn More

Open Share Draft Checking

Still unsure where to start? Get in touch with a Teachers financial expert.

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OFFER DETAILS & DISCLOSURES 

*APY=Annual Percentage Yield 

1Direct Deposit & Debit Card Cash Back Offers: Earn up to $300 in cash bonuses. 

2Direct Deposit Offer: The up to $200 cash bonus will be earned by opening a new Teachers checking account and receiving Qualifying Direct Deposits (“QDDs”) totaling at least $1,000 each monthly statement cycle (“Evaluation Period”) for four consecutive Evaluation Periods. QDDs are regular ACH/electronic payroll deposits to your newly opened checking account directly from your employer, pension provider, or government agency (e.g., Social Security). QDDs from third-party providers like Wise, Inc., or Astra are not eligible. Additional deposit(s) that do not qualify for this promotion include but are not limited to: ACH external transfers, any Peer-to-Peer (“P2P”) transfers such as from Venmo, PayPal, Cash App, Zelle®, merchant transactions, or point-of-sale credits such as, but not limited to: transactions from PayPal, Stripe, Square, etc, in-person check or cash deposits, wire transfers, ATM transfers, and Online and Mobile Banking transfers. Micro-deposits and/or deposits used to verify accounts do not qualify. A maximum cash bonus of $200 will be earned and deposited in $50 increments after each Evaluation Period, in which $1,000 in QDDs are posted to the new Teachers checking account. No bonuses shall be paid for QDDs totaling less than $1,000 during any Evaluation Period. QDDs must begin before the start of the second Evaluation Period. Any member who fails to meet the minimum requirements and/or discontinues their QDDs during or before the four consecutive Evaluation Periods will no longer be eligible to receive any additional bonuses during the promotion. 

3Debit Card Cash Back Offer: The up to $100 cash bonus will be earned by opening a new Teachers checking account with a Teachers debit card linked to that account. Members will earn 2.00% cash back on the first $500 of Qualifying Debit Card Purchases (“QDPs”) and 3.00% cash back on the next $500 of purchases. A maximum bonus of up to $25 in cash back can be earned each Evaluation Period. QDPs do not include and may not be limited to ATM/point-of-sale cash back transactions, P2P payments, loan payments, account funding, refunds and disputed or unauthorized transactions. 

For accounts opened online, you must use offer code JOIN25 to be eligible. 

Additional Program Guidelines/Restrictions: Offers valid from 02/19/2025 to 06/30/2025. These offers are available to new members only. Non-member joint account holders are not eligible. All account applications are subject to approval. A new Smart Checking, Share Draft Checking, or Young Professional Checking account must be opened to be eligible. Eligibility for these offers will also require enrollment in Online Banking and eStatements. QDDs and QDPs 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. The checking account must be open and in good standing with a balance greater than or equal to $0.00 in order to be eligible for the cash bonus. These offers are limited to one per primary member. Business and trust accounts are not eligible. These offers may be combined with the Refer-a-Friend promotion. 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 bonuses earned will be reported on IRS Form 1099-MISC (or Form 1042-S, if applicable). Membership at Teachers is required by opening a Regular Savings account or Youth Savings account with a minimum opening deposit of $1.00. 

†Based on comparison of average interest checking account rates at Credit Unions and Banks, accurate as of January 7, 2025. Average rates may change quarterly.

Federally Insured by NCUA