Find the latest Teachers Federal Credit Union bonuses, promotions, and top offers here.
Update 9/5/25: There is now a $600 bonus available available as a limited time offer.
About Teachers Federal Credit Union Bonuses
Teachers Federal Credit Union is headquartered in Hauppauge and is the 3rd largest credit union in the state of New York. It is also the 28th largest credit union in the nation. It was established in 1952 and as of March of 2022, it had grown to 812 employees and 414,861 members at 32 locations.
Eligibility: Membership in Teachers Federal Credit Union is open to anyone, regardless of residency status. The only requirement is a $1 deposit. See current membership details.
I’ll go over the Teachers Federal Credit Union offers below.
Teachers Federal Credit Union $600 Checking Bonus
Earn up to $600 in bonuses when you open an eligible Teachers Federal Credit Union checking account with qualifying activity.
- What you’ll get: Up to $600 Bonus
- Eligible account: Checking
- Availability: Nationwide. (Bank Locator)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know
- Direct Deposit Required: Optional. Yes for full bonus
- Monthly Fees: $0
- How to earn it:
- Open a new Teachers checking account with direct deposit using offer code SMART600 and earn up to a $600 cash bonus.
- Earn $100 per month for up to 6 months by completing the following requirements:
- Open a new Teachers checking account
- Receive at least $1,000 in monthly direct deposits
- Enroll in Online Banking and eStatements
(Limited time offer)
Here’s an alternative link to the offer at the Tampa Westshore Branch valid through 12/31/25.
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($500 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Earn up to $600 in cash bonuses. The up to $600 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 six 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 along with micro-deposits and/or deposits used to verify accounts do not qualify. A maximum cash bonus of $600 will be earned and deposited in $100 increments after each month 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 six consecutive Evaluation Periods will no longer be eligible to receive any additional bonuses during the promotion.
- Additional Program Guidelines/Restrictions: Offer valid beginning 8/21/2025. This offer is available to new members only who have not previously had any accounts or membership with the Credit Union at any time. Non-member joint account holders are not eligible. This offer can only be redeemed at any Teachers branch location or online using offer code SMART600. 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 this offer will also require enrollment in Online Banking and eStatements. QDDs must post and clear in the new checking account during the Evaluation Periods defined in this promotion. Members 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 into 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. This offer is limited to one per primary member who has not participated in any promotion previously. Business and trust accounts are not eligible. This offer 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 this offer. 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.
Teachers Federal Credit Union $100 Student Checking Bonus (Expired)
Earn a $100 bonus when you open an eligible Teachers Federal Credit Union checking account with qualifying activity.
- What you’ll get: $100 Bonus
- Eligible account: Checking
- Availability: Nationwide. (Bank Locator)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know
- Direct Deposit Required: No
- Monthly Fees: $0
- How to earn it:
- Open a new Teachers checking account with a debit card and earn up to a $100 cash back bonus.
- Earn $25 per month for up to 4 months by completing the following requirements:
- Open a Teachers checking account with a debit card.
- Make 10 debit card transactions per month.
- Enroll in Online Banking and eStatements.
(Limited time offer)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($500 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- High School and College students can earn up to $100 cash bonuses.
- The $100 cash bonus will be earned by opening a new Teachers checking account and using your Teachers debit card for 10 purchase transactions each monthly statement cycle (“Evaluation Period”) for four consecutive Evaluation Periods.
- A high school or college identification is required to open the Teachers checking account and be eligible for this promotion.
- This offer can only be redeemed at a Teachers branch location.
Teachers Federal Credit Union $1,000 Deposit Bonus (Expired)
- What you’ll get: Up to $1,000 Bonus
- Eligible account: Checking, Savings, CD
- Availability: Nationwide.
- Credit Inquiry: Hard Pull or Soft Pull? Let us know
- Direct Deposit Required: No
- Monthly Fees: $0
- How to earn it:
- Open an account and enter code NM2024 to enroll in this limited-time offer.
- For a limited time, you can earn up to a $1,000 cash bonus.
- Simply deposit qualifying funds to your accounts and maintain your balances for 90 days from date of enrollment to unlock your cash bonus
- The more you deposit, the more you earn.
| New Money Bonus Tiers | Cash Bonus |
| $0 – $24,999.99 | No Cash Bonus Earned |
| $25,000 – $49,999.99 | $100 |
| $50,000 – $99,999.99 | $200 |
| $100,000 – $224,999.99 | $400 |
| $225,000 – $349,999.99 | $600 |
| $350,000 – $499,999.99 | $800 |
| $500,000+ | $1000 |
(Limited time offer)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
Fine Print
- New Money Offer: Earn up to a $1,000 cash bonus. This offer is for new and existing members. Cash bonuses are earned based on a tiered payout structure and determined by the amount you grow your deposit account balances through new money deposits over a 90-calendar-day period (“Tracking Period”).
- The process to enroll and qualify for the new money offer is as follows:
- You can enroll at a branch, through our Contact Center, or by phone/video appointment. You can also enroll through online account opening by entering offer code NM2024 or by completing an enrollment form via Online Banking.
- Your total combined deposit balances as of the end of the calendar day prior to your enrollment date will serve as the Starting Balance.
- You will have 14 calendar days post-enrollment to deposit new money and increase your deposit balances.
- After the 14 calendar-day period, the Tracking Period begins, where combined balances across all deposit products will be tracked for the offer.
- After the Tracking Period ends, the cash bonus will be determined by calculating the difference between the Starting Balance and the Average Daily Balance of your combined end-of-day deposit balances throughout the Tracking Period.
How To Waive Monthly Fee
- Personal Checking: No monthly fee
- Smart Checking: $0 monthly service fee
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Conclusion
If you do not live near a Teachers Federal Credit Union branch, that’s okay as a membership is open to anyone, regardless of residency status making the bonuses and offers available nationwide.
Although these bank promotions are rather generous, you can also utilize our list of Savings, Money Market, and CD rates.
If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Check back often for more Teachers Federal Credit Union Bonuses, Promotions, or Offers!
