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  Tower Federal Credit Union Regular Checking

Tower Federal Credit Union Regular Checking

in Checking Accounts from Tower Federal Credit Union

Unaffiliated

Tower Federal Credit Union Regular Checking

Unaffiliated

in Checking Accounts from Tower Federal Credit Union

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

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-100% 0% +100%
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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
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Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $1
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.1%

Tower Federal Credit Union Regular Checking Review

Tower Federal Credit Union Regular Checking is offered by Tower Federal Credit Union, a credit union founded in 1953 and based in Laurel, MD. Tower Federal Credit Union Regular Checking is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.1%.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • Small minimum initial deposit. You only need $10 to open an account.
  • Hard credit pull. Tower Federal Credit Union may require a hard pull on your credit report to open a checking account.
Tower Federal Credit Union Regular Checking Pros & Cons
Pros Cons
  • Low out of network ATM fee.
  • Free checking with no minimum balance requirements.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • Bill pay is free if you set up three or more bill payments that process within a calendar month, otherwise the cost is $2.95 per calendar month. Most banks do not have a bill payment fee at all.
  • No signup bonus.
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Charges a fee on out-of-network ATM transactions.
Tower Federal Credit Union Regular Checking FAQ

Are checking accounts from Tower Federal Credit Union federally insured?

No, your Tower Federal Credit Union checking accounts are not insured by a federal insurance agency. This means that if Tower Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does Tower Federal Credit Union Regular Checking offer?

Tower Federal Credit Union Regular Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.1%

Tower Federal Credit Union Regular Checking offers an APY of 0.1% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Tower Federal Credit Union Regular Checking?

Tower Federal Credit Union Regular Checking requires a minimum initial deposit of $10 to open an account.

Tower Federal Credit Union Regular Checking Account Minimums
Description Amount
Minimum Initial Deposit $10

What fees does Tower Federal Credit Union Regular Checking charge?

The good news is that this account does not have a monthly service charge.

Tower Federal Credit Union Regular Checking Fees
Description
Monthly Fee $0
Paper Statement Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1
NSF Fee $25
Overdraft Protection Fee (per transfer) $0
Overdraft Item Fee $25
Early Account Closure N/A
Returned Deposit Fee (Domestic) $12
Debit Card Replacement Fee $5
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $12
Check Image Service N/A
Check Copy $3
Foreign Transaction Fee (Debit Card) 1.1%
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $35
Wire Transfer Fee - International (Incoming) $6
Returned Deposit Fee (International) $12
Wire Transfer Fee - Domestic (Incoming) $6
ATM Reimbursement Monthly Limit N/A

What features and perks does Tower Federal Credit Union Regular Checking offer?

This account includes the following features:

  • Mobile Banking Services - Tower Federal Credit Union Regular Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   7901 Sandy Spring Road
    Laurel, MD 20707
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday Closed
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 2:00pm

About Tower Federal Credit Union Regular Checking

Availability

  Available in 1 state
Maryland
Availabile in all of Maryland

Feature Breakdown

APY Minimum Balance $0
Minimum Initial Deposit $10
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Check Copy $3
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 1.1%
NSF Fee $25
Overdraft Item Fee $25
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $12
Returned Deposit Fee (International) $12
Stop Payment Fee $12
Wire Transfer Fee - Domestic (Incoming) $6
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $6
Wire Transfer Fee - International (Outgoing) $35
ATM Fee: Out-of-Network $1
Bank Account Features
  • Check Writing
  • Branch Access
  • NCUA Member
  • Debit Card
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.1%

Tower Federal Credit Union Regular Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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