TIAA Direct Bank is a division of TIAA-CREF (Teachers Insurance and Annuity Association of America-College Retirement Equities Fund), which reports $840 billion in assets under management. Founded by Andrew Carnegie to assist college teachers in obtaining annuities and low-cost life insurance, TIAA CREF was established in 1918. TIAA Direct Bank is a featured partner of GOBankingRates.
TIAA Direct Bank lists a variety of banking and lending products ranging from interest checking and savings accounts to home financing equity lines of credit. Remote deposits can be made using their Remote Deposit app with supported smartphones. Withdrawals are accessible from 400,000 ATMs, many of which are fee-free. Bill pay service and transfers can be made using their online banking website as well.