Tower federal credit union mobile deposit funds availability

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Tower federal credit union mobile deposit funds availability

Company Overview

About The Company

Tower Federal Credit Union, is a member-owned, not-for-profit financial institution. As the largest federal credit union in MD with over $4B in assets, Tower services over 200,000 members worldwide. Tower is committed to meeting the diverse financial needs of our members through superior service, lower loan rates, low or no-fee products and services, and untiring innovation. Tower adheres to safe & sound financial practices while offering a full array of financial products including: savings and checking accounts, auto loans, mortgages and credit cards. Members have access to 30,000+free ATMs, convenient eServices like; mobile banking, online bill payment and mobile deposits.

COMPANY SIZE

578 U.S.-based Employees
(Medium)

INDUSTRY

Financial Services & Insurance

Employee Demographics

Tenure

Company Culture at Tower Federal Credit Union

The employee experience below at Tower Federal Credit Union, compared to a typical company.

Learn More

74% of employees at Tower Federal Credit Union say it is a great place to work compared to 57% of employees at a typical U.S.-based company.

  • Tower Federal Credit Union
  • 74%

87%

When you join the company, you are made to feel welcome.

86%

I feel good about the ways we contribute to the community.

84%

I am able to take time off from work when I think it's necessary.

83%

I believe management would lay people off only as a last resort.

82%

Our facilities contribute to a good working environment.

See what employees say about what makes Tower Federal Credit Union a great workplace. These words are drawn from employee comments on the Trust Index™ survey.

Life at Tower Federal Credit Union

Tower federal credit union mobile deposit funds availability

The Collections team enjoying tee-shirt day at Tower.

1 / 7

Tower federal credit union mobile deposit funds availability

The Magothy Branch team getting into the Employee Appreciation Week fun with Favorite Sport Day

2 / 7

Tower federal credit union mobile deposit funds availability

Food Trucks at Tower for our Reentry Week celebration. Masks and social distancing observed.

3 / 7

Tower federal credit union mobile deposit funds availability

Millersville Branch sporting Tower tee shirts and our ever present masks.

4 / 7

Tower federal credit union mobile deposit funds availability

The ever helpful HelpDesk team always there when we need them.

5 / 7

Tower federal credit union mobile deposit funds availability

The Real Estate Lending team getting into the Employee Appreciation Week fun with Hawaiian Vacation Day

6 / 7

Tower federal credit union mobile deposit funds availability

N95 masks donated to our local Laurel MD fire department.

7 / 7

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Tower federal credit union mobile deposit funds availability

Getting money into your account is secure and simple with the mobile deposit1 tool in our mobile app. There's no need to come in to a community office (even though we'd still love to see you), your money will be in your account the next business day2, and we don't charge you for this service. With the First Commonwealth Bank app mobile deposit, every transactions is quick, safe and secure - your deposits are password protected and encrypted. 

Getting Started with Our Mobile Deposit

  • Download our mobile app 

Tower federal credit union mobile deposit funds availability
 
Tower federal credit union mobile deposit funds availability

  • Log in to the app using your online banking login and password, select 'Deposits,' and follow the instructions to enroll in mobile deposit
  • Once enrolled, click the plus sign (+) to begin making a deposit
  • Follow the prompts to enter your deposit amount, take photos of the front and back of your check and then submit.

Important Details about Depositing by Phone

  • Endorse your check "For mobile deposit only," then sign within the endorsement area.
  • You can deposit up to $2,500 per day and $5,000 per calendar month3 for personal accounts. After six months, you'll be able to deposit up to $5,000 per day and $10,000 per calendar month.3
  • Void the paper check and destroy it after 30 days.
  • Don't attempt to re-deposit the check in person or through any other channel or transmit duplicate items.

Have a few more questions? Check out our Mobile Deposits FAQs.

1 We don’t charge for these services but standard message, data, and internet service provider rates may apply so check with your carriers.

2 Deposits made by 7:45 p.m. will be available the next business day. Items will not appear within online and mobile banking until the following business day.

3 Additional restrictions may apply. Consult terms and conditions for details.

Do mobile deposits take longer to clear?

It Can Take Longer for Funds to Hit Your Account When you deposit a check from your mobile device, it may take a little longer for your funds to become available based on what time of day the deposit was made.

How long does it take for funds to be available with mobile deposit?

In some cases, a mobile check deposit can be available within just a few minutes of uploading the check into the mobile banking app. However, it usually takes around one business day for deposits to go through.

Are mobile deposits available same day?

Funds will generally be made available the same day if deposited on a business day before 8:00 PM. The daily deposit limit is $5,000 per account. For peace of mind, you'll receive an email when you deposit the check AND when the funds are available in your account.

Do mobile deposits deposit instantly?

You'll immediately get a message that your deposit is processing. And within seconds, we'll send you an email verifying that it was received. Funds are generally available the next business day.