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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 checking account comes with the following benefits and other checking account offerings:

  • No monthly fees or service charges*

Rewards Checking


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

  • No monthly fees or service charges
  • No minimum monthly balance
  • Monthly deposit of $600 or more required to maintain**
  • Overdraft Protection***
  • Receive points for each qualifying Visa® Credit Card transaction (credit) to earn $50 cashback^

Basic Share Draft Checking


Your basic share draft checking account comes with the following benefits and other checking 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 20,000 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
  • 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 of $1.95 will be incurred if the minimum balance requirements are not maintained.

** Deposit of $600 or more required. If your monthly deposit ceases or falls below $600, your account will be converted into a Basic Share Draft account. If deposits discontinue, we reserve the right to revoke your Overdraft Protection privileges. Enrollment in e-Statements is recommended to avoid the paper statement fee; refer to the Schedule of Fees for details.

*** An overdraft service for members. Call a Member Services Representative at (301) 289-9800, option 1 for additional information.

^ Minimum purchase of $10 required. Receive $50.00 when you earn 500 points, which posts to the share draft account at the end of the month.