Wednesday, March 11th, 2009

DOES TEACHERS FEDERAL CREDIT UNION ALLOW TRANSACTIONS?

teachers federal credit union
mcbavc asked:


can i pay people online with it and or recieve money say from ebay or craiglist or so on please explain im 19 new at all this just got it 1 week ago this is a big one for me ill give 5 stars to best

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One Response to “DOES TEACHERS FEDERAL CREDIT UNION ALLOW TRANSACTIONS?”

Mel M Says:

In your rating of my response to your other question, you asked “how do i go out about sending money i know i can get money from atm but how do i send money ON AND OFF LINE I KNOW YOU CANT DO IT THREW ATM THANK YOU SO MUCH”

An ATM will allow you to deposit money into and withdraw money from your own account. You can’t use an ATM to pay someone for an online transaction.

Some ATM cards are also debit cards which means they have a VISA or MasterCard logo and can be used for online and in-person retail transactions.

If you have debit card, you can use it like you would a credit card. The difference is with a debit card, the funds come out of your account immediately and with a credit card, you get a statement at the end of your billing cycle. With the credit card, if you do not pay the bill in full when it comes due, you start paying interest on the total you owe.

When you’re paying through Pay Pal, you add your credit union account to your methods of payment. Pay Pal goes through a confirmation process to make sure everything is set up correctly. Once your credit union account is confirmed, you can choose to pay for items using funds in that account via electronic transfer.

If this doesn’t give you the explanation you are seeking, just add another comment to your question and I’ll see if I can help you.

Hope this helps. Good luck!

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