Checking and Savings

Freedom’s FEID/TIN is 52-0684225. This number is also available on your annual tax statement.

Freedom’s routing number is 255077299. Your account number, as required for setting up any electronic deposit or withdrawal, can be found in the Details section of the share account in Online/Mobile Banking. Your routing and account number for your checking account can also be found on the bottom of your printed checks.

1099s and 1098s are issued each year via estatements for those enrolled or mailed to the address on file. Typically, tax forms are issued no later than January 31st. For current year information, please visit our full Tax Forms Resource Page.

For current rates, please visit Freedom’s rates page or contact us at 1-800-440-4120.

Freedom charges a fee for paper statement processing and delivery with exceptions for members under 18 and over 70. We highly encourage enrollment in electronic statement delivery (eStatements) to avoid a paper statement fee. For more information on how to register for E-statements, please see our eStatement registration resource or contact us at 1-800-440-4120 for assistance.

In general, each member is insured up to $250,000 in coverage for their accounts. If you have multiple accounts with Freedom, you may utilize a free Share Insurance Coverage Calculator provided by the National Credit Union Association (NCUA) to determine the estimated coverage across all of your accounts.

To process a wire transfer, please visit any branch location before 3pm on the day you wish to wire funds. If you are unable to visit a branch, please contact us at 1-800-440-4120 for more options.

You may place a stop payment on a physical check by logging into online or mobile banking and selecting the appropriate checking account. Choose the “stop payment” icon and follow the steps to enter the details. Please see our fee schedule for any applicable fees. If you do not have online or mobile banking or need to place a stop payment on an ACH transaction or bank check (Cashier’s Check) please contact us at 1-800-440-4120 or visit a branch location for assistance.

If you are enrolled to receive Electronic Statements (eStatements), you will be able to access your 1099-INT in Online Banking. First, log in to Online Banking and click on any share or loan account, then click the documents tile to get to the eStatements portal. Once you are in the eStatement portal, choose tax forms from the drop down to view and/or print your document. If you are not registered for eStatements, your 1099-INT form will be mailed to the mailing address we have on file for your account.

If you are already enrolled in eStatements, log into Online/Mobile Banking and click on any of your share accounts or loans. Select the DOCUMENTS tile. Once the statement portal launches, click on “Account Statements” to select and view the statement of your choice. Statements are in an easy use, PDF format and may be printed or saved. Statements are stored for 12 months. If you are not currently enrolled in eStatements, follow the enrollment instructions. Your first eStatement is available in the first month following your registration.

At Freedom, the security and privacy of your financial information is a top priority. In addition to adhering to many industry standard security protocols, we take additional steps to protect member accounts from unauthorized phone access. Freedom requires all members to designate a custom password that can be verified if you call us. This is an added layer of authentication we use to keep you safe. Your password can be any combination of letters and/or numbers and is not case sensitive. This password will be verified anytime you work with a representative over the phone. For assistance setting or resetting your phone password, please contact us at 1-800-440-4120 or visit any branch location for assistance.

*A phone password is NOT the password you use to unlock your phone unless you set it up to be the same.

Email and phone number updates can be made in Online/Mobile Banking, by visiting any of our branches, or calling us at 1-800-440-4120.

A signature is required for all address changes. We have many convenient options available to process this type of account maintenance. Please contact us at 1-800-440-4120 or visit a branch location for assistance.

To ADD a joint member to your account, it is best for all parties to visit a Freedom branch location so that we may easily collect IDs and signatures. If you are unable to visit a branch, please contact us at 1-800-440-4120 for options.

To REMOVE yourself form a membership (you may not remove someone else), please visit a branch location to complete the appropriate form and gather your notarized signature. If you cannot visit a branch, please contact us at 1-800-440-4120 for options.

You may open a new checking account by using our convenient online application portal. Alternatively, you may contact us directly at 1-800-440-4120 or visit any branch location for additional assistance.

Learn more about Empower Checking.

In general, credits are posted to your account as they are received. There may be times when a hold is necessary. Please refer to the Funds Availability Policy for more details on deposit holds.

Checks are posted daily, when Freedom receives the file from the Federal Reserve. Checks are debited from an account in the order contained in the file. ACH payments are paid throughout the day in order of receipt. ATM and other PIN Based transactions are typically debited immediately, but some merchants may submit for payment at a later time.

Signature-based debit card transactions place an authorization hold on funds. This hold can be the same or different than the actual transaction amount. The transaction is cleared in the order received throughout the day as the merchants submit for payment. For additional details on transaction clearing, please refer to the Membership and Account Agreement.

Freedom’s high-interest Empower Checking is a free checking account that allows you to earn 3.00% APY on balances up to $10,000 with no maintenance or monthly fees. To qualify, opt-in to receiving Electronic Statements (e-Statements) and complete a minimum of 15 qualifying Point-of-Sale (POS) purchase transactions per month using your Freedom Federal Credit Union debit card. For more information, see our Empower Checking resource page for full details and disclosures.

You may open a high-interest Empower Checking account by using our convenient online application portal. Alternatively, you may contact us directly at 1-800-440-4120 or visit any branch location for additional assistance.

You may order checks by selecting one of the links below and following the prompts or by contacting us directly at 1-800-440-4120. Checks may also be ordered by visiting any branch location.

Order Personal Checks: https://www.deluxe.com/products-services/financial-checks-retail-linking.jsp

Order Business Checks: https://www.deluxe.com/shopdeluxe/sd/fiweblink/fiDetails.jsp

Courtesy Pay is an optional overdraft tolerance service to cover transactions when there is not enough money in your account. Standard Courtesy Pay coverage comes with your account to cover checks and other transactions using your checking account number such as automatic bill payments by ACH. You may also opt IN to have Freedom cover ATM transactions and everyday debit purchases or you may opt OUT of Courtesy Pay altogether and ask Freedom NOT to pay any of your overdrafts. Freedom charges a fee of $35.00 each time it pays an overdraft with Courtesy Pay. There is no limit on fees accumulated for overdrawing your account.

Freedom does not guarantee that it will always authorize and pay any type of transaction. If Freedom does not authorize and pay an overdraft, your transaction will be declined. To make changes to your Courtesy Pay coverage, please contact us at 1-800-440-4120 or visit any branch location.

To inquire about qualification for Courtesy Pay coverage, please contact us at 1-800-440-4120 or visit any branch location.

If you have established overdraft protection transfers out of another Freedom account, that will act as your first line of defense for any transaction that may clear when funds are not available in your checking account. If funds are not available in the account we have been directed to transfer from, the Courtesy Pay coverage you have selected will kick in. Any applicable fees for overdraft transfer or Courtesy Pay can be found on Freedom’s Schedule of Service Charges.

To add Courtesy Pay to your account, you may complete and sign a Courtesy Pay Opt In Form. Your completed form can be submitted to any of our branch locations, mailed to:  Freedom Federal Credit Union
P.O. Box 1545 Bel Air MD 21014, or emailed to memberservice@freedomfcu.org

To make changes to your Courtesy Pay coverage, please contact us at 1-800-440-4120 or visit any branch location.

Your overdraft balance should be repaid within 30 days of overdrawing your account. If your overdraft balance can not be repaid before then, please reach out to our Member Solutions department by calling 1-800-440-4120 option 4 for further assistance.

ACH stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers. Also known as direct payments. ACH payments are a way to transfer money between accounts without using cash, checks, credit cards, or wire transfers.

Deposits can be made using Freedom’s Mobile Check Deposit functionality, at any of our branch locations, or at any Freedom branch ATM or night drop. Find a branch or ATM location.

To set up ACH payments or deposits, you will need your Freedom routing number and full account number. Freedom’s routing number is 255077299. Your account number, as required for setting up any electronic deposit or withdrawal can be found in the Details section of the share account in Online/Mobile Banking. Your routing and account number for your checking account can also be found on the bottom of your printed checks.

For check holds where the total amount deposited is $5,525.00 or less, funds are typically released within 2 business days of the date of deposit. If you deposited your check at a branch, your hold release date(s) will be printed on the receipt for your transaction. If your check was deposited via an alternate method or if the total amount exceeded $5,525.00, the availability of your funds may be delayed longer than 2 business days. Please refer to the Funds Availability Policy for more details on deposit holds.