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How to Fund Your Share Certificate

You must transfer your new money to Andrews Federal before opening a new Share Certificate

Important Information!

You must transfer your new money to a Andrews Federal checking or savings account before you open your new Share Certificate.

You may only add additional funds to select types of Share Certificates, i.e. Generator. If you open a new Inflation Buster Share Certificate, you may not add additional funds once opened.

NEW MEMBERS

If you are joining Andrews Federal to open a new Share Certificate, thank you for becoming a member! However, before you open your Share Certificate, there are a few things you need to know and do.

Open and fund your new Inflation Buster Share Certificate

  1. Open your base share savings account first to establish membership.
  2. After you have your account number, set up Digital Banking. 
  3. Then open your new Share Certificate during the account opening process.
  4. You will then have the opportunity to fund your new Share Certificate (up to a specific limit).

Read more about other transfer options below.

EXISTING MEMBERS

Before You Open Your Inflation Buster Share Certificate 

You must transfer your new money to your Andrews Federal checking or savings account before opening your new Share Certificate. Be sure to transfer in all new money and then open your certificate.

Transferring $25,000 or less 

If you are opening a new Share Certificate with $25,000 or less, you can use External Account Transfers in Digital Banking to transfer new money to your Andrews Federal checking or savings account. If you are not enrolled in Digital Banking, enroll now.

Transferring $25,000 or more

  • Initiate a Wire Transfer or request a (ACH) transfer from your external financial institution
  • Mail a check to Andrews Federal
  • Deposit funds via the Shared Branch Network

Transfer Options

You can use a Wire Transfer to send deposits quickly to Andrews Federal to fund your new Share Certificate. There are no transfer limits when sending a wire transfer and wires are typically received within 1-2 business days. A wire transfer is a great option when transferring larger deposits.

Use your external financial institution's wire transfer procedures and/or form to wire the money into Andrews Federal. You'll need this information:

  • First and last name on the account
  • ABA/Routing number: 255074111
  • Type of account (either Checking or Savings)
  • Your account number
  • Our address is 5711 Allentown Road, Suitland, MD 20746

*There is an incoming wire fee of $15 per wire.

You can use External Account Transfers in Digital Banking to transfer money from another financial institution. If you need to set up a new external transfer, please allow for 2-3 business days to verify that new external account.

Mailing a check may also be a great option to transfer money to fund your Share Certificate. Send your check with “Share Certificate” written in the Memo line, along with the certificate term (for example, 12 months) to Andrews Federal Credit Union, ATTN: Payment Systems, P.O. Box 3000, Clinton, MD, 20735-6001.

If you don’t live near an Andrews Federal branch, visit a Shared Branch to deposit money to your Andrews Federal Savings or Checking Account or wire money from another financial institution. When sending money, your shared branch may request the following information:

  • First and last name on the account
  • ABA/Routing number: 255074111
  • Type of account (either Checking or Savings)
  • Your account number
  • Our address is 5711 Allentown Road, Suitland, MD 20746

*Transfer limitations may apply per Shared Branch. Inquire at your local shared branch institution for limits.

 

 

Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.