There are many banking options available in New York City. Something to consider is choosing a bank with locations close to your home and/or school, even though most banks have robust online banking systems. Some of the most common banks are:
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Apple
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Bank of America
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Citibank
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Chase
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Commerce
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HSBC
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Wachovia
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Washington Mutual
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Valley National Bank
United Federation of Teachers Banking Benefits
As a member of the UFT, you have access to the NY State Teachers’ Credit Union as well as the MetLife bank (per partnership with NYSUT). Contact the UFT representative in your school for more information on these programs.
Other Banking Benefits
Each bank offers different benefits to their customers such as free checking with direct deposit and financial education services. Some banks may offer specific benefits to teachers with the New York City Department of Education. Some of these include:
- Chase at Work
- Free first order of checks
- Two free non-Chase ATM transactions per statement cycle
- Discount on closing costs on a mortgage
- Chase has partnered with the Dept Of Ed to offer teachers The Education Loan Marketplace - a tool to help determine how to manage the cost of education.
Citibank at Work
- Free first order of checks
- No Citibank fees for using non-Citibank ATMs
- Discount on closing costs for first mortgages
HSBC
- Interest-earning EmployeePlusSM checking account, free with direct deposit
- Free check printing for selected styles
- Discounts on personal loans and home equity products
- No issuance fees on money orders, traveler’s checks and official checks
Commerce Bank
- Free money orders and bank checks
Washington Mutual
- Free checks for life
- Free ATM cash withdrawals
- Free access to your credit score and credit reports at all times
- Solid Start homeownership assistance program
For more details, ask a bank representative at your local branch for additional information on these and other programs.