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Transit Employees Federal Credit Union
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Share Draft (Checking)

TEFCU gives you the freedom to choose the checking account that works best for you.


Loyalty Checking


Your Loyalty Checking account comes with the following benefits and account offerings:

  • No monthly fees or service charges*

Rewards Checking


Your Rewards checking account comes with the following benefits and account offerings:

  • No monthly fees
  • No minimum monthly balance
  • Overdraft Protection**
  • Accumulate points for each qualifying Visa® debit card transaction (credit) to earn $50 cashback^

Rewards Checking Requirements:
 
  • Monthly deposit of $600 or more***
  • Enrollment in e-Statements (paper statements)

Basic Share Draft Checking


Your Basic Share Draft checking account comes with the following benefits and account offerings:

  • No minimum monthly balance

All Checking Account Benefits


All checking accounts: Loyalty Checking, Rewards Checking, and Basic Share Draft Checking, come with the following benefits:

  • Complimentary Visa® debit card with access to over 30,000 surcharge-free Co-Op ATMs
  • Complimentary checks
  • Purchase capabilities and access to your funds (in person, by phone, or online) wherever you see the Visa® logo
  • Complimentary Point of Sale (POS) transactions wherever you see the Visa® logo
  • Customized checks through Harland Clarke (prices vary by design)
  • Complimentary Online Banking and Bill Pay
  • Download the TEFCU Mobile app
  • Complimentary convenient electronic statements when you enroll in e-Statements
  • Conveniently deposit checks into your checking account with Remote Deposit Anywhere (RDA) and
  • Full or partial payroll direct deposit into your checking account
For additional information, contact a Member Services Representative by sending a message through Online or Mobile Banking.
 
*The minimum balance to maintain a Loyalty Checking account is $3,000. If the Loyalty Checking account falls below the minimum daily balance, your Loyalty Checking account will be subject to a monthly fee. Please refer to the Schedule of Fees for current fee information.

** To opt into Overdraft Protection, simply log into TEFCU's Online or Mobile Banking  and enroll in Overdraft Protection by selecting your Rewards Checking account and selecting "Overdraft Services."
 
*** To maintain a Rewards Checking account, a monthly deposit of $600.00 or more is required. If your monthly deposit ceases or falls below $600.00, your Rewards Checking account will be subject to a monthly fee and your Overdraft Protection privileges will be revoked. Please refer to the Schedule of Fees for current fee information.

^ Minimum purchase of $10.00 required. Receive $50.00 when you earn 500 points, which posts to the share draft account at the end of the month.