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  Tower FCU Regular Checking
Tower FCU Regular Checking
in Checking Accounts from Tower Federal Credit Union
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Tower FCU Regular Checking

Unaffiliated
in Checking Accounts from Tower Federal Credit Union
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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.

Rating not yet determined  

2 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Cashback Rewards N/A
APY (Annual Percentage Yield) 0.07%
(Verified 08/05/2022)
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A

Tower FCU Regular Checking Review

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

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Low APY. The maximum annual percentage yield for this account is only 0.07%.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • Small minimum initial deposit. You only need $10 to open an account.

Tower Federal Credit Union checking account Pros & Cons

Pros Cons
  • Low out of network ATM fee.
  • Free checking with no minimum balance requirements.
  • Interest-yielding account.
  • Insured by NCUA.
  • 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 checking account 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 checking account offer?

Tower FCU Regular Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.07%

Tower Federal Credit Union checking account offers an APY of 0.07% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Tower Federal Credit Union checking account?

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

Tower FCU Regular Checking Minimums
Description
Minimum Opening Deposit Starting at $10
Minimum Balance to Earn APY $0

What fees does Tower Federal Credit Union checking account charge?

The good news is that this account does not have a monthly Service Charge.

Tower FCU Regular Checking Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Foreign Transaction Fee (Debit Card) 1.1%
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $0
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
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $3
Debit Card Replacement Fee $5

Does Tower Federal Credit Union checking account charge overdraft fees?

Yes, Tower Federal Credit Union checking account charges a $25 fee for every overdraft.

What features and perks does Tower Federal Credit Union checking account offer?

This account includes the following features:

  • Mobile Banking Services - Tower Federal Credit Union checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Tower Federal Credit Union checking account?

The customer support email for Tower Federal Credit Union checking account is memberservices3@towerfcu.org.

How do people rate the customer service and user experience of Tower Federal Credit Union checking account?

Overall, Tower Federal Credit Union checking account is strongly recommended based on community reviews that rate customer service and user experience.

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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.

Message From Tower Federal Credit Union checking account

There are plenty of things in your day-to-day life that are complicated. Managing your money doesn’t have to be one of them! Tower Federal Credit Union offers checking account options and services designed to make it easy for you to manage your money without all the unnecessary fees that banks often charge.

The best things in life are free, including a Regular checking account from Tower. Here at Tower, we believe you shouldn’t have to pay extra for a checking account that’s designed to keep up with your busy life. Earn daily dividends on your account balance. No monthly fee or service charges.

Contact

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 FCU Regular Checking

Availability

  Available in 1 state
Maryland
Availabile in all of Maryland

Feature Breakdown

Minimum Opening Deposit Starting at $10
Minimum Balance to Earn APY $0
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Foreign Transaction Fee (Debit Card) 1.1%
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $0
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
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $3
Debit Card Replacement Fee $5
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Debit Card
  • Insured by NCUA
  • Branch Access
  • Check Writing
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.07%
(Verified 08/05/2022)

Tower FCU Regular Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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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