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Transit Employees Federal Credit Union

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

Fresh Start Account

If you don't qualify for a traditional checking account, you may qualify for the Fresh Start account. Call us at (301) 289-9800, opt. 1 for more information.

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 account management with Tele-Connect (telephone banking)
  • 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, give a Member Services Representative a call at (301) 289-9800, option 1.

*The minimum balance to maintain a Loyalty Checking account is $3,000. A monthly low balance fee will incur if the minimum balance requirements are not maintained; refer to the Schedule of Fees for details.

** To opt into Overdraft Protection, log into Online Banking, select the "Services/Loans" tab, select "Overdraft Protection (ODP)", and follow the procedures. For more information, call a Member Services Representative at (301) 289-9800, option 1.
*** 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 account will be converted into a Basic Share Draft checking account. If deposits discontinue, we reserve the right to revoke your Overdraft Protection privileges.

^ 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.
+ Fresh Start checking account may have limited features.