Teachers FCU, Get $450 Bonus with New Checking Account (Nationwide)
Teachers Federal Credit Union has a bonus of $400 for new checking accounts. In addition to that, you can also earn a $50 bonus when applying through a referral link for a total of $450. This offer is available nationwide. Let’s Check out the details of this Teachers FCU bonus.
Update: Teachers FCU is freezing applications and locking many accounts in recent days. Looks like applying through a referral link (not from a friend, family member, or colleague), could be a trigger. If you still want to go for the bonus, I guess it’s better to just apply directly. You only lose out on the $50 referral bonus, but you could possibly still get the $400.
Offer
Earn up to $450 in cash bonuses when you open a new checking account with promo code OFFER400. Here’s how it works:
- Earn $300 when you receive qualifying direct deposits totaling at least $2,500.00 within the first three monthly statement cycles after account opening.
- Earn $100 by making $500 in eligible purchases using the Teachers debit card linked to that account. The $500 must be spent within the first three monthly statement cycles in order to qualify.
- Enroll in online banking and eStatements.
- Get an additional $50 when you apply through a referral link, and make 10 qualifying transactions within 60 calendar days (debit card purchases, direct deposits, mobile deposits, in-branch deposits, ATM deposits or Bill Pay transactions)
Eligibility
- Offer available nationwide. You don’t need to be a teacher. You can sign up to become a member of Teachers FCU during the account opening process.
- These combined offers are available to new members only. Non-member joint account holders are not eligible.
- Business accounts are not eligible.
Fees
Smart Checking and Smart Draft Checking accounts have no monthly fees.
It costs $1 to become a Teachers Federal Credit Union member.
There’s no early closing fee mentioned in the terms.
Guru’s Wrap-Up
This looks like a great bonus and it is available nationwide. You can earn $300 when you receive qualifying direct deposits totaling at least $2,500 in the first three months, and another $100 by making $500 in eligible purchases during that same period. Then there’s a $50 bonus for applying through a referral link and completing 10 transactions.
You can start the application process through the referral link (referrer also gets $50), and then you enter the promo code OFFER400 during the application process. Another additional bonus for this account is that you can fund with a credit card online, for up to $5,000. That’s at least another $100 if you pay with a card that earns at least 2%. Once you open your account, you can refer friends or family members and you will earn $50, and they can earn this same $450 bonus.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Offer Details
- OFFER PAGE (my referral)
- Promo Code: OFFER400
- Account Type: Checking
- Availability: Nationwide
- Inquiry Type: Soft pull
- Credit Card Funding: Up to $5,000 (no Amex)
- Direct Deposit Requirement: $2,500 (see what works)
- Other requirements: $500 debit purchases, 10 transactions, online banking and eStatements
- Monthly Fee: No
- Closing Account Fee: No
- Expiration Date: 7/31/22
HT: Doctor of Credit
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