About NEW TEACHERS CHECKING ACCOUNT
Teachers Federal Credit Union is offering up to $600 in
cash bonuses to new checking account members. This limited-time promotion
combines a Direct Deposit bonus (up to $400) and a Debit Card Cash
Back bonus (up to $200) for a total potential reward of $600.
Quick Overview
- Direct
Deposit Bonus: Earn $100 per month for 4 consecutive months
(total $400) by receiving at least $1,000 in qualifying direct deposits
each monthly statement cycle.
- Debit
Card Cash Back Bonus: Earn up to $50 in cash back per month for
4 months (total $200) by using your Teachers debit card—2% back on
purchases up to $500, and 5% back on purchases over $500 each
month.
- Offer
Code: To access the full $600 bonus when opening online, use the promo
code TAMPA600.
- Eligibility
Requirements:
- Must
be a new member (existing members or joint account holders are not
eligible).
- Open
an eligible account such as Smart Checking, Share Draft Checking, or
Young Professional Checking.
- Enroll
in Online Banking and eStatements.
- The
account must remain open and in good standing throughout the
evaluation periods.
- Bonus
Delivery: After meeting the requirements in each month, the earned
bonus is deposited—usually within 30 calendar days—into your
primary savings account.
- Other
Notes: Teachers Federal Credit Union reserves the right to modify or
discontinue the offer at any time and may rescind bonuses if terms are
violated. Bonuses are reportable for tax purposes.
Direct Link To Offer
Is This Offer Profitable for You ?
|
Factor |
Evaluation |
|
Bonus Value |
Up to $600 is a generous reward for opening and
actively using a checking account. |
|
Requirements |
Realistic — $1,000 direct deposit per month and regular
debit card use. Easily met by most working professionals. |
|
Account Features |
Teachers FCU’s checking accounts come with no monthly
fees, strong customer service, and optional high-yield features (like
Smart Checking with 2.50% APY up to $15,000). |
|
Timeframe |
Just 4 months of required activity. Bonus payouts follow
soon after. |
|
Taxes & Reporting |
Bonuses are taxable. You’ll receive an IRS Form 1099-MISC
(or 1042-S), which reduces net profitability slightly. |
For most eligible customers, this is a very profitable
offer. The earning potential of $600 for straightforward monthly
activity is excellent. Combined with low costs and solid account benefits,
it’s well worth pursuing—especially if you’ve considered switching to a
user-friendly, member-focused financial institution.
Why it Matters ?
Promotions like this make account switching more
rewarding, especially when the effort required is moderate compared to the
return. As noted by financial experts, a worthwhile sign-up bonus should
actually be achievable without excessive hurdles—and this one meets that bar.
Review
- Offer:
Earn up to $600 via direct deposit and debit card usage.
- Requirements:
$1,000/month in qualifying direct deposit and debit card purchases.
- Account
Type: Smart, Share Draft, or Young Professional Checking.
- Verdict:
A highly worthwhile offer—absolutely profitable for new members who
will utilize the account normally.