Transfer money easily online between your Tower accounts and loans, to other Tower members and to your accounts at other financial institutions.

Moving money between your accounts is simple with Tower. Just enroll in Home Banking and transfer funds to your savings accounts, certificates, checking accounts, loans, Tower Mastercard®, and to your accounts at other financial institutions.

  • Transfer to other members – Designate up to 10 Tower members on your Cross Member Transfer Authorization form who can receive transfers from your accounts. Transfers can be made to any Tower share or loan account, except Mastercard.
  • Set up one-time or recurring transfers – to your Tower savings, checking, Share Certificates and loans.
  • Transfer to external accounts – Transfer money between your Tower accounts and your accounts at other financial institutions or brokerage houses. Inbound and outbound transfers: 3-day transfers are free; next-day transfers are $5.

Pay bills at home and on the go with FREE Bill Payment. Learn more about Bill Payment and how to get started with Tower’s Home Banking.

It’s simple and free to set up automatic loan payments for any Tower loan. Login to Home Banking and go to “Transfer Money,” then “Schedule a Transfer.”

Use Tower Web Payments Center to make a Web Loan Payment using funds from another checking or savings account.

To set up automatic payments from a non-Tower account to a Tower loan, just print out the Direct Debit Payment Authorization Form and mail it to the address listed on the form or drop it off at any of our branches.

Set up any fixed-amount payment (such as mortgages, insurance, or utilities) to be drawn from your account on a specific day each month. This will guarantee that your payments will always arrive on schedule and save you time and postage.

Contact the company you wish to pre-authorize for payments and ask if they can “originate” the transaction.

Companies that originate automatic payments will need additional information in order to draft from your Tower checking or savings account:

  • Our name – Tower Federal Credit Union
  • Our location – Laurel, Maryland 20707
  • Tower Routing number – 255077370
  • Your name, Tower account number and account type

Not a member of Tower Federal Credit Union yet? See if you are eligible to join!

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.

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    Electronic Transfer Disclosure – Federal regulations limit the total number of electronic transfers from any non-transactional account – Prime Share (savings), Clubs, or Money Market – to six (6) per account per month. This includes overdraft transfers, online Cross Member Transfers and Funds Transfer, and cleared checks from a Money Market account. You can make an unlimited number of transfers and withdrawals through the mail, at an ATM, and in person at a branch. Transfers made to a Tower loan account are not included in the limitation of six per account per month.