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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

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

Rating not yet determined  

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
  • Higher than average APY. Tower Federal Credit Union Regular Checking has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • 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.
  • 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 Federal Credit Union Regular Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.1%

Tower Federal Credit Union checking account 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 checking account?

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

Tower Federal Credit Union Regular Checking Minimums
Description
APY Minimum Balance $0
Minimum Opening Deposit Starting at $10

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 Federal Credit Union Regular Checking Fees
Description
ATM Fee: In-Network $0
Check Copy $3
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 1.1%
Monthly Fee $0
NSF Fee $25
Online Bill Pay Fee $0
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $0
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

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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Message From Tower Federal Credit Union Regular Checking

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 Federal Credit Union Regular Checking

Availability

  Available in 1 state
Maryland
Availabile in all of Maryland

Feature Breakdown

APY Minimum Balance $0
Minimum Opening Deposit Starting at $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
Account Features
  • Branch Access
  • Check Writing
  • Debit Card
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Insured by NCUA
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.1%

Tower Federal Credit Union 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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