Teachers Mutual Bank

Everyday Direct Account

Teachers Mutual Bank, formerly NSW Teachers Credit Union, was formed in 1966 to provide teachers with a low-cost, convenient and efficient banking products and services. Teachers Mutual Bank was built on the values of quality, integrity and co-operation and to this day, continues to demonstrate these core values in their support of the education community. The credit union manages over $2 billion in deposits and has more than 150,000 members throughout Australia. All profits generated are returned to members in the form of exceptional personal service and a value-for-money approach to fees and interest rates. Teachers Mutual Bank also offers a full range of retail financial products which include car loans, credit cards, home loans, personal loans, savings accounts and even term deposit and investment products.

Company Teachers Mutual Bank
Average Fees Electronic Transactor
Average Fees High Transactor
Average Fees Low Transactor
Monthly Account Fees $5
Free Transaction Allocation N/A
Base Rebate N/A
ATM Withdrawal Fee $0
Advertised Rate 0.00%
Minimum Deposit $0
EFTPOS Transaction Fee $0
Cheque Deposit Fee $0
Star Rating Electronic Transactor Not Rated
Star Rating High Transactor
Star Rating Low Transactor

Product Features

A debit card allows you to purchase items on credit once you have spent the funds in your transaction account.
Does this account allow transactions via an ATM?
Does this account allow transactions via an EFTPOS facility?
Whether this account offers a facility to pay bills using Bpay?
If this account allows transactions online
Whether this account offers access to telephone banking
Whether a cheque book is offered with this account
If this account allows you to process transactions at a branch
If this account allows you to directly deposit your salary

Average fees based on a scenario averaging 25 transactions per month through electronic methods such as ATM, phone and internet.

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