GTE Financial Review

How does your bank stack up?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon


  • Variety of accounts offered
  • Competitive interest rates on accounts
  • Low opening required amounts
  • Add-on option for CDs


  • Must become a member
  • Daily withdrawal limits
  • Money market account has tiered rates
  • Accounts have monthly maintenance fees

What You Need to Know

There are a variety of accounts available from GTE Financial. They offer personal savings, checking, and money market accounts. They offer personal CDs, loans, and credit cards. They also offer business accounts and accounts specifically for students.

GTE offers CDs and a checking account with competitive interest rates. The rates are competitive with online accounts. These account interest rates are much higher than typical bank rates. To earn the most competitive rate on the checking account, you must meet set requirements. That includes receiving eStatements, having a direct deposit over $500, and 15 debit card transactions each month.

GTE accounts have low amounts required to open. The savings accounts only require $5 to open. To earn interest requires $100. Each of the CD terms require $500 to open. The checking accounts do not have a required amount to open.

GTE Financial CDs offer an Add-On Feature. This allows you to add money any time during the CD term. You must add at least $20 each time you add money to the CD. Sometimes there is a limit of $6,000 you can add to the CD. GTE Financial offers promotions where there is not a cap on the amount you can add to the CD.

Before you can open an account with GTE Financial, you must first become a member of the credit union. You are eligible to join if a family member is a member of the credit union or if you work for a specific company. Your business can join, and living in certain areas makes you eligible to join. If these don’t work, you can join CU Savers, a non-profit educational financial club. There is a one-time $10 fee to become a member.

GTE Financial has daily withdrawal limits. You can withdraw up to $500 per 24-hour period from an ATM. There is a $5,000 limit that you can transfer from another bank into a GTE Financial CD.

The money market account with GTE Financial has tiered interest rates. To earn the most competitive rate on your money requires a balance of $100,000. Balances below this amount earn interest, just not the most competitive rate.

Most GTE Financial accounts have monthly maintenance fees. The checking account fees range from $4.95 to $9.95 each month. The Go Premium checking account has a fee of $4.95. There is no way to waive this fee. You can pay the fee with Go Points, but you cannot waive the monthly fee. There are ways to waive the other checking account fees.

Cool Things

Go Points

This program is a customer loyalty program. Any member older than 16, in good standing, is eligible to earn Go Points. There is not a cost to earn or use go points. You must sign up online for the program. You then earn points on debit and credit card purchases. You earn points by opening new accounts and for specific account features. Points do expire after three years.


GTE Financial started in 1935 in the Bay area. It started when GT&E bought the Peninsula Telephone Company. In 1935, they received their credit union charter. By 1958, GTE had more than $1 million in assets. By the 1970s their assets were over $36 million.

In 2012, the name was officially changed to GTE Financial. This year their online banking and website received an overhaul. By 2013, they had over 200,000 members.

Today, GTE Financial is one of the largest credit unions in the United States. GTE Financial has over 250,000 members. They have 23 branch locations and over 30,000 free ATMs.

Awards and Recognition

  • Top Workplace in Tampa Bay by Tampa Bay Times in 2018
  • Diamond Award from CUNA in 2018

Giving Back

In 2017, GTE Financial awarded 36 high school students’ scholarships. They awarded $90,000 in scholarships. Each of the students received $2,500 towards college.

The GTE Foundation contributes to the Boys & Girls Club, YMCA, and the American Heart Association. Their employees donate time and money to charities around the area. They choose a different charity each month to donate to. Employees of GTE Financial get to help choose what charities they donate to.

Frequently Asked Questions

Is GTE Financial FDIC insured?

Yes. GTE Financial is backed by the National Credit Union Association. The NCUA is an agency of the United States government. It protects funds deposited in credit unions, up to $250,000 per customer, per credit union. The money deposited in NCUA insured credit unions means money is backed by the full faith and credit of the United States government.

How do I access my money?

With debit or ATM cards, electronic transfers, or checks. You can pay people with online bill pay or with Popmoney.

Does GTE Financial offer mobile banking?

Yes. You can deposit checks with Deposit2GO.

Is GTE Financial free?

No. Some GTE accounts have monthly maintenance fees. The Go Premium checking account has a fee of $4.95 each month. You cannot waive this fee. The other checking account fees can be waived.

Is GTE Financial a good bank?

GTE offers a variety of accounts, including business accounts. The interest rates are competitive for most accounts. You must become a member before you can open any accounts. Once you are a member, you are eligible to earn Go Points. Some GTE accounts have monthly fees. One checking account fee cannot be waived.

Is GTE Financial secure online?

GTE offers security measures that comply with federal law. Their computers have safeguards. Their buildings and files are secure.

Does GTE Financial offer competitive interest rates?

One GTE Financial checking account earns competitive rates. This account has a monthly fee. There is no way to waive this fee. The GTE Financial CDs also offer competitive interest rates.

Can I use GTE Financial for my business accounts?

Yes. They offer business checking and savings accounts. They offer business loans, credit cards, and payment and payroll services.

How is GTE Financial online banking different from the online banking my bank offers?

Some accounts offer more competitive interest rates. You can open GTE accounts online. Once you open the account, everything for the account is online.

Do GTE Financial checking accounts pay interest?

One GTE Financial checking account earns interest. The interest is competitive with other online checking accounts. The competitive interest rate is for the first $3,000 of the account. Account balances over $3,000 do not earn interest. This account has a monthly fee of $4.95 that cannot be waived.

How do I reach customer service?

By phone, email, mail, live chat, or by visiting a local branch location. You can follow GTE Financial on Facebook, YouTube, Twitter, LinkedIn, and Instagram.

Does GTE Financial offer bill pay?

Yes. Bill pay is free with GTE Financial accounts. The only fees are for unpaid accounts and overnight delivery. Basic bill pay is free.

Can I deposit cash?

Yes, at a local branch location or at an ATM that accepts cash.

How long do transfers take?

Electronic transfer, direct deposits, and cash deposits are typically available the same day. Other types of deposits may take more time to fund fully. The first $200 of those deposits are available the next business day.

Can I sign up for direct deposit to GTE Financial accounts?

Yes. Money can be directly deposited into GTE Financial accounts.

Bank Contact Information

GTE Financial Member Care
PO Box 75028
Chicago, IL 60675-5028

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