Everwise Credit Union $400 Checking Bonus (Formerly Teachers CU) – No End Date

Earn up to $400 with a new checking account! Open an account using promo code DOUBLE200, set up direct deposits, and deposit $5,000 to qualify.

Everwise Credit Union (formerly Teachers Credit Union) was established in 1931 and is headquartered in South Bend, Indiana. They have 50+ locations throughout Indiana and Michigan.

• Update 7/31/2024: The offer is back and increased from $200 to $400. You can also earn a $300 with a Chase checking account. Read about it here.
• Update 11/5/2023: The offer is is still active.
• Update 7/9/2023: Offer is back with no end date specified.

READ MORE: GET TOP BONUSES FROM CHASE, AXOS, BANK OF AMERICA AND BMO.

Teachers Credit Union $400 Checking Bonus

• What you’ll get: $400 bonus
• Where it’s available: IN, MI
• How to earn it:
  • Step 1: Earn $200
    • Open an Eligible Checking Account: Use or mention promo code DOUBLE200 during the account opening process.
    • Set Up Direct Deposit: Make a direct deposit of $500 or more to your new checking account for at least 3 consecutive months.
    • Timing: Ensure your first direct deposit is made within 60 days of opening the account.
  • Step 2: Earn an Additional $200
    • Deposit Funds: Deposit a total of $5,000 or more into your new checking account.
    • Timing: Complete this deposit within 90 days of opening the account.
• When it expires: None listed

Waive The Monthly Fee

Performance Checking: $2 monthly fee (Waived if you make 10 transactions per month, sign up for Direct Deposit or e-Statements or have $2,500 in combined monthly balances of loans, deposits and investments)

Advantage Checking: Monthly fee of $7 ($5 if you enroll in eStatements)

Ultimate Checking: $10 monthly account fee will be waived if your monthly statement is delivered as an eStatement and you complete at least 15 non-PIN debit card transactions.

World Checking: The Monthly Service Fee is $10, of which $2 will be waived if your monthly statement is delivered as an eStatement. The full $10 fee will be waived with combined balances of $100,000 in Deposits, Loans and/or Investments. 

READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS

Fine Print

• Eligible Checking Accounts: Performance, Student Rewards, Advantage, Ultimate, and World checking accounts.
• To be eligible for a checking bonus, new members need to meet eligibility requirements and pay a $7 membership fee and make a $5 initial share savings deposit.
• The $200 checking bonus is available for both new and current members without a checking account.
• Requirements for the bonus:
  1. Open an eligible checking account using or mentioning promo code Join200.
  2. Have Direct Deposit(s) of $500 or more directly deposited to the new checking account for a minimum of 3 consecutive months, with the first direct deposit within 60 days of opening the account.
• Once all requirements are met, the $200 bonus will be credited to the new checking account on or before the close of the next full statement.
• Limit of one new checking account bonus per membership.
• If you have received a new checking account bonus within the last 12 months, you are not eligible.
• You may receive an IRS tax form 1099-INT for the cash incentive.

READ MORE: SEE THIS $500 BONUS OFFER FROM BMO BEFORE IT ENDS

Bottom Line

Decent value bonus for standard direct deposit requirements. Be aware new members are subject to a $7 membership fee and $5 initial share deposit.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.