Frequently Asked Questions

Got a question? We can help. Click the sections below for more information.

Checking

Online Banking

Mobile Banking

Visa

Borrowing

Business Banking

Expressline

 

 

 

 

 

 

 

 

 

 

 

Checking

Checking

Relationship Rewards

Overdraft Protection

 

Checking

Q: What types of checking accounts does SECU offer?
A: SECU offers four different checking accounts designed for different needs. Take a look at our checking page to learn more.

Q: What is SECU's routing number?
A: SECU's routing number is 255076753.

Q: Do I still get all the Relationship Rewards associated with the account I select even if I fall below the minimum balance?
A:
Yes. You will be charged the monthly fee, but you are still entitled to all the Relationship Rewards benefits that account type offers.

You also qualify for fee waivers if you use our preferred services. Visit our checking page to learn more.

Q: If I want to change from one SECU Checking account type (e.g. change from Choice Interest Checking to Premier Interest Checking) to another, can I keep my existing checks, account number, and debit card?
A:
Yes. You may request that your account be changed at any time. Simply call our Contact Center at 410-487-7328 or stop by any SECU branch to make your change. Your checks, account number, and debit card will not be changed or in any way be affected. Please note that the change will not take effect until your next statement.

Q: If I am the joint owner of the account, can I request that my account be converted from one Relationship Rewards level to another?
A:
Yes, joint owners may request changes just like primary owners can. Call SECU’s Contact Center at 410-487-7328 or stop by any SECU branch to make your change.

Q: How do I sign up for Relationship Rewards?
A: Relationship Rewards is an automatic benefit. Select one of our four checking options and click the "Open an Account" button, call our Contact Center, or stop by any SECU branch.

Q: When will funds deposited into my checking account be available?
A: Direct Deposit of your paycheck is usually available immediately as are cash deposits made via branch or ATM. For check deposits, it depends on your method of deposit.

Deposit Availability   Check 
 ATM  $500 immediate, remainder next business day
 RDC  $500 immediate, remainder in 2 business days   
Branch   Full amount


Q: How much can I withdraw from my checking account?
A: The amount you can withdraw depends on your withdrawal channel. In no circumstances can you withdraw more than the available balance. 

Withdrawal Limits 
 ATM  $1,000 or available balance, whichever is less   
 Branch   Available balance 
 

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Relationship Rewards

Q: How does Relationship Rewards work?
A: You receive “no-fee” rewards by either using our preferred services or by maintaining a minimum balance combined in all qualified SECU accounts.

For information on the specific benefits for Relationship Rewards, take a look at our Checking Comparison Chart.

Q: What are qualified loan and deposit balances?
A: Almost all of your deposits and loans at SECU count toward your qualifying balance (including your SECU Visa Credit Card balance and your IRAs).

The only exceptions are:

  • Hold Savings accounts (accounts set-up for special purposes like IRS garnishments or attachments)
  • Savings accounts securing a Deposit Secured Visa Credit Card
  • Loans that are secured by deposits
  • Loans that have not been repaid according to their original terms and conditions
  • Loans or Visa accounts that are 60+ days past due
  • Loan balances that are held by members who are classified as bankrupt or charged-off

Q: How is my total deposit and loan balance calculated?
A:
Your total balance equals the average statement cycle balance for each deposit account, plus your end-of-cycle balance for each CD and loan. If you have a line of credit or Visa Credit Card, it is your outstanding balance that counts, not the amount of your credit line.

Q: If I am a joint owner on an account or loan, do I get credit for those balances for Relationship Rewards?
A: Yes. The joint owner does get credit for those balances. 

 

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Overdraft Protection

Q: What is an overdraft?
A: An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We have standard overdraft practices which include linking your checking account to a line of credit (credit approval required) and/or savings accounts in your name. We also offer Courtesy Pay which is a more expensive practice.

Q: What are the standard/default overdraft practices that come with my account?
A: We do pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments 
  • We do not authorize and pay overdrafts for ordinary debit card purchases unless you opt-in to Courtesy Pay. Our default process is that you are not opted in to Courtesy Pay. Courtesy Pay is a more expensive option that you must opt-in to in order for it to apply.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

Q: What fees will I be charged if SECU pays my overdraft?
A:
Under our standard overdraft practices:

  • We will charge you an overdraft fee of $30 each time we pay an overdraft
  • If you opt-in to Courtesy Pay, and we authorize an everyday debit card transaction, then we will charge you $30.

Q: What if I want SECU to authorize and pay overdrafts on my everyday debit card purchases?
A: If you want us to authorize and pay overdrafts on everyday debit card purchases, please opt-in to Courtesy Pay.

Q: What is Courtesy Pay?
A: Courtesy Pay is a service you can elect to enroll in, and we will authorize and pay overdrafts on everyday debit card transactions at our discretion. If we do, we will charge you $30 for each debit card overdraft authorized. You must opt-in to courtesy pay.

Q: Can I use Courtesy Pay to overdraw my account at an ATM?
A: No. Courtesy Pay covers everyday debit card transactions, but you cannot use it to withdraw more funds at an ATM than are available in your account. 

 

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Online Banking

Online Banking

Online Banking Account Opening

Online Statements

Bill Pay

Person-to-Person Payments

My Deposit

 

 

Online Banking

Q: What is SECU's Online Banking Service?
A: SECU's Online Banking service allows you to access your SECU accounts via the Internet to view accounts, pay bills, and transfer funds. You can view all of your SECU accounts including Checking, Savings, Certificates of Deposit, IRAs, and most loans (including lines of credit and mortgages), and Visa Credit Cards.

Q: What can I do online?
A: You can do almost all your personal banking online:

  • View account balances
  • Transfer funds*
  • Pay bills to persons or businesses online through Bill Pay
  • Loan or line of credit payments
  • SECU line of credit or Visa Credit Card cash advances
  • View online check images 
  • Apply for loans 
  • Order checks 
  • Receive, view and store Online Statements 
  • View and pay your SECU Visa Credit Cards 
  • Open new accounts 
  • Deposit a check through My Deposit
  • Domestic and international wire transfers
  • Transfer balances to or receive cash advances from your Visa Credit Card
  • Download to Quicken, and Microsoft Money

Watch a our Online Banking demo video here.

*Transfers initiated after 8:30 pm ET Monday - Friday or after 4:30 pm ET on holidays and weekends will be posted the next business day.

Q: How much does Online Banking cost?
A: Online Banking is free to all SECU members.

Q: Can I enroll in Online Banking right now?
A: Yes, if you're a SECU member, then you can enroll online quickly and easily here.

Q: How do I cancel Online Banking?
A: Send us your written request to terminate service to SECU, P.O Box 13025, Baltimore, MD 21203-3025. Be sure to include your name and member number with your correspondence.

Q: Can I change my username?
A: Yes. Your new username must be six to 20 characters (any combination of numbers, letters, and other characters), and cannot contain a space. Please note that the username cannot be a nine-digit number because the system will not allow you to log in when the username looks like a social security number.

Q: Who should I call with questions about Online Banking?
A: Call SECU's Contact Center during business hours, Monday - Friday, 8 am to 7 pm or Saturday, 9 am to 1 pm at 410-487-7328 or 800-879-7328.

Every screen in the Account Access and Bill Pay services includes a HELP key. Detailed and easy-to-read HELP information is included for each type of transaction. You may also click on the word "email" in the message at the bottom of each HELP screen to send a question to SECU.

Q: Do I need any specific SECU account(s) to access Online Banking?
A: You must have a SECU Share Savings account for Online Banking access. A SECU Checking account is required for Bill Pay service.

Q: How do I view pending Scheduled Transfers?
A: To view all pending scheduled transfers, click the view/edit option under the transfers left navigation link. Your pending transfers will appear grouped using the from field.

Q: How do I edit a Scheduled Transfer?
A: You can edit a scheduled transfer from the scheduled transfers page.

  1. Click the transfer funds link on the left. 
  2. Select view/edit. 
  3. From the scheduled transfers page, click on the ID number of any transfer. You will be taken to the edit screen. All the information for that transfer will be pre-filled. Simply edit the provided information, and then click submit to update the transfer. Please note, you cannot edit the from account or the frequency. Delete the transfer completely and create a new transfer if that field must be edited.

Q: How do I delete a Scheduled Transfer?
A: You can delete a scheduled transfer from the scheduled transfers page.

  1. Click the transfer funds link in the left navigation.
  2. Click view/edit.
  3. Now, click on the ID number of a transfer. You will be taken to the edit screen. The delete button is located at the bottom of the page.

Q: How do I edit certain pending transfers?
A: You can only edit/delete transfers that have been set up online. For automatic loan payments or transfers to/from other financial institutions, please call 410-487-7328 or stop by any branch.

Q: When do the withdrawals and deposits of a scheduled transfer occur?
A:
Withdrawals and deposits occur every business evening. If a scheduled transfer falls on a non-business day, then it will process on the following business day.

If, at the time of processing, it is determined that there are insufficient funds to complete the transfer, an attempt will be made to withdraw again on the next business day for up to 30 days. If a transfer cannot be completed after 30 attempts, it will be reset to the next transfer date. The exception to this are the one-time transfers which will attempt to transfer for up to four days.

Q: Are there any restrictions on which accounts I can schedule transfers to?
A: Some restrictions do apply. Only accounts available for transfer will appear in your account drop down list. For automatic transfers and other types of accounts (home loans, credit cards, etc.) please call 410-487-7328 or stop by any branch. You can always make immediate transfers to your home loans and credit card accounts.

Q: Do scheduled transfers from my savings count toward the six transactions per month allowed for Share Savings accounts?
A: No, scheduled transfers do not currently count toward the six allowed transactions per month.

Q: What happens on months with less than 31 days?
A: Transfers scheduled for a date that does not occur in that particular month will process on the next available business day. For example: if a monthly transfer is scheduled for the 31st of every month, the transfer will occur on the next available business day during months that do not have 31 days.

 

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Online Banking Account Opening

Q: What accounts can be opened through the online account opening process?
A: Our most popular retail deposit products can be opened online:

Q: How are other deposit accounts and CD terms opened?
A: Other SECU retail deposit accounts and additional CD terms can be opened by members via U.S. mail (using the forms available on the SECU web site forms page) or at a branch.

Q: How can a new account be funded online?
A: A prospect can fund a new account by charging a debit or credit card (including Visa, MasterCard, and Discover), debiting an account with another financial institution via ACH, or mailing in a check. Additionally, our existing members who wish to open a new account can fund it by transferring funds from an existing SECU account into the newly opened account. 

Q: How long does it take for the account to be opened and funded after I sign up for membership?
A: It depends on the type of funding used:

  • If the new account is funded via internal transfer from another SECU account, it will generally be opened and available the next business day (provided it was opened before 8:00 pm ET).
  • If the account is funded via ACH from another institution, you must first verify the two small transactions sent to your account with the other institution. You will receive an email requiring you to verify these two small transactions. Save this e-mail; it includes the required verification procedures. Your account will be funded the next business day after that verification. Note, the two small transactions may take two to five days to appear in the account. If your new account is funded via check mailed to SECU, it will depend on the time it takes for us to receive your check.

Q: I made my initial deposit into my new account via ACH from an account at another institution. The money has left that account. When will I see information regarding my new account?
A: The funding for your new account will show in Online Banking on the next business day.

Q: I funded my new account through ACH from another institution. I see the two test deposits made into my account with the other institution, but the account at SECU is not open.
A: The account at SECU will not be opened until you verify those two deposits.

Please save the confirmation email generated when you open a new account online. It includes the verification procedures for accounts funded via ACH.

Q: Is there a minimum age for online account opening?
A: Yes, prospects must be 18 or older to establish membership/open accounts online.

Q: Which services can members elect through Online Account Opening?
A: Any of the following:

  • Online Banking 
  • Expressline
  • Order checks (checking and money market accounts)
  • Request Visa Debit Card (checking and money market accounts)
  • Request Visa ATM card (savings accounts)
  • Sign up for check card overdraft coverage (checking and money market accounts)

Q: Can members select their CD maturity dividend options?
A: Yes, you may do so online while opening the CD.

Q: Will the system provide PINs for those signing up for Online Banking at the same time as opening a new account?
A: No. At this time the system will not provide the Online Banking PIN with account opening.

Q: How do I open a business account?
A: SECU business accounts may be opened at your local branch or through a business banker
 

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Online Statements

Q: Are Online Statements free?

A: Yes!

Q: How do I sign up for Online Statements?
A: To receive Online Statements, you must be enrolled in Online Banking.

  1. Log on to Online Banking.
  2. Click on the "Online Statements/Notices" button.
  3. Click on the "Statements" link.
  4. Read the disclosure and follow the simple directions.
  5. You will begin to receive your Online Statements within two statement cycles.

Q: How do I discontinue Online Statements and get paper statements mailed to me instead?
A: To discontinue online statements, use the "Cancel Online Statements" button in Online Banking.

Q: How far back do online statements go?
A: You can view the current year's statements, as well as the statements from the previous year.  

 

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Bill Pay

Q: What is Online Bill Pay?

A: Online Bill Pay is a service that allows you to pay all your bills—to people and businesses—electronically through Online Banking. No need write checks or search for stamps. Your bills and records are in one secure location. You don’t need to remember multiple passwords, and you can see your current and past transactions in one spot. You can even have your monthly bills automatically imported into Bill Pay.

Q: How much does Bill Pay cost?
A:
SECU's Bill Pay is free for all members.

Q: How do I sign up for Bill Pay?
A: Sign up for Online Banking. Click on the Bill Pay link in the left navigation bar and accept the terms and conditions.

Q: How quickly will my bills be paid?
A: Most bills are paid within two business days. If the payee is not one of the recognized providers on our system, and we mail a paper check, then it will take as long as the mail takes to deliver.

If you need a payment to go through within 24 hours, then you can expedite your payment for a $26 fee.

Q: Can I make a payment to anyone?
A: Common payees such as phone companies, power companies, credit card companies, and more are already loaded in the Bill Pay system. Also, through our Person-to-Person payment system, you can use Bill Pay to pay the babysitter or lawn mowers or split the rent check!

Q: Who has access to my Bill Pay and funding account?
A: You are the only person who can authorize payments to be issued against your account. Our representatives only access your account information on a need-to-know basis and only with your approval.

Q: Is Bill Pay secure?
A: Bill Pay is highly secure and designed to fully safeguard the privacy and security of your financial information. Unlike normal Internet communication, all information sent to and from our processing center is encrypted and sent through a secure communications channel. Messages cannot be redirected, read, or tampered with. We also take advantage of the maximum level of security supported by your browser.

Q: Who authorizes payments?
A: Only you can authorize payments. You have complete control over whom you are issuing a payment to, the exact payment amount, when the payment should be sent, and whether to pay the bill at all. If you have a flat fee or recurring bill that you would like to have paid each month, then you can instruct us to make that payment automatically for you.

Q: How will I know when a bill has been paid?
A: A confirmation number indicates that the bill has been proceessed and paid, and it appears on your statement.

Q: What happens if my bill is not paid?
A: Please contact the Bill Pay service directly by calling 866-453-3548.

Q: How can I pay a bill from a different SECU Checking account?
A: You can change the funding account by selecting a different SECU Checking account from the "Pay from" dropdown within the Bill Pay screen (Note: the account must be approved from SECU).

Q: How can I change the default Bill Pay funding account? 
A: If you have multiple SECU personal Checking accounts, you can change your default Bill Pay funding account from the Bill Pay screen under the "Funding Accounts" tab. When you click on "Change" to finalize the new default Bill Pay funding account, a pop-up message will be displayed letting you know this will apply to scheduled and future Bill Pay payments. Click "OK" to accept this change or "Cancel" to return to the previous screen.

 

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Person-to-Person Payments

Q: What are Person-to-Person or payments?
A: Person-to-Person or “P2P” payments is a service members can use send money electronically to family members, friends, pay service providers, etc. There is no need to send cash or checks.

Account-to-Account Transfers: Members can set up anyone with a valid U.S. deposit account as a payee in Bill Pay. You can then use our Bill Pay service to send money directly from your SECU account to your payee’s bank account. Payees need only a valid U.S. deposit account to receive money.
PayPal Payments: Funds are removed from your SECU account and an email or text message is sent to your payee through PayPal. Your payee then logs into PayPal to accept the money. Payees do need to have a PayPal account to claim the funds.

Q: What is the cost?
A: The service is free for SECU members. 

Q: How do I use the service?
A: Log in to SECU’s Bill Pay service. Then follow the processes below:

For Account-to-Account Payments:

  1. Add your intended recipient the same way you do other payees in Bill Pay.
  2. Select “Send Money Online”.
  3. Select “To Account Payment” and enter the payee’s bank routing number, account number, and address.
  4. Enter the amount to pay and pay just like any other Bill Pay payment.

For PayPal Payments:

  1. Enter your payee’s name, email address, the amount you wish to send, your email address, and any notes.
  2. Hit “continue”. 

Q: How long does it take for payments to be delivered?
A: It depends on the method, but less time than it takes for a paper check.

Account-to-Account: Next business day.
PayPal: Same day, seven days a week. The recipient receives an email as soon as the funds arrive, so they can be claimed by that person.

Q: Is there an option to select a faster payment method? Is there a fee for that?
A: Expedited Payments are available for Account-to-Account Transfers, and the fee is $26.

Q: Who is eligible to make Person-to-Person payments?
A:
Anyone who uses SECU online Bill Pay is eligible to make Person-to-Person electronic payments (both Account-to-Account and PayPal payments).

Q: Can I send money to someone outside the U.S.?
A: No, members can send money only to individuals with valid U.S. accounts.

Q: Do I need a PayPal account to send money through PayPal?
A: No. You do not need to have a PayPal account to send money through this service.

Q: For PayPal payments, is the payee required to have an account with PayPal?
A:
Yes. Your recipient or payee is required to have an active and valid PayPal account.

Q: What is the minimum/maximum amount of transfer required/allowed?
A: There is no minimum amount. The maximum amount depends on the method.

Account-to-Account: The maximum amount is $9,999.99 per business day.
PayPal: The maximum amount is $500.00 per business day.

Q: What do I do if I accidentally send money to the wrong person?
A: The procedure depends on the method you used.

Account-to-Account: Call SECU for assistance following normal Bill Pay dispute procedures.
PayPal: You cannot reclaim these funds. However, if money is not claimed on PayPal after 30 days, it is automatically returned to you.

Q: Can I request monthly statements/reports for this service?
A: You have the option of requesting a statement CD. Otherwise, payments will be included on your regular monthly statement and on Online Banking in the same manner as other Bill Pay payments.

Q: Can I set up reoccurring/scheduled transfers?
A: It depends on the method used.

Account-to-Account: Recurring Payments can be scheduled.
PayPal: Recurring Payments cannot be scheduled.

Q: What is the process for canceling a payment?
A: It depends on the method used.

Account-to-Account Payments: A payment can be canceled up to the time it begins processing. Once in process, it cannot be canceled.
PayPal Payments: Payments cannot be canceled.

Q: Is this service available through Mobile Banking?
A: It depends on the method used.

Account-to-Account: Payees can be enabled for Mobile Banking in the same way you set up your other Bill Pay payees.
PayPal: Payments may be made only through Online Banking at this time.

Q: Can I save the payee’s information so I can make additional payments to the same account?
A: Yes. Once you set up a payee, they are automatically saved to your Bill Pay list.

Q: What is the process for disputing a fraudulent payment?
A: A member with a fraudulent payment should contact our Security Department at 410-487-7443 for assistance. Security will attempt to recover the funds when possible.

Q: How do I get a PayPal account?
A: Go to Paypal.com and follow the procedures shown on their website.

Q: What are advantages and disadvantages of using Account-to-Account vs. PayPal? Why choose one or the other?
A: See the chart below. 

 Method  Advantages vs. Other Method Disadvantages vs. Other Method 
Account-to-Account Payments  

-Can send money from computer or mobile phone

-Can cancel up to time of payment processing

-Uses same process as Bill Pay for funds sent to incorrect account

-Larger maximum amount

-Requires recipient's account information (although these are on every written check)

-Funds take longer to be received by recipient 

 

 

 

 PayPal Payments

-Does not require recipient's bank routing and account numbers

-Funds are received within a few minutes 

 

 

-Cannot use with Mobile Banking
at this time

-Cannot cancel a payment once sent

-Cannot cancel a payment sent to an incorrect address

-Requires recipient to have a PayPal account

 

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My Deposit

Q: What is My Deposit?
A: My Deposit is a service that allows you to deposit checks directly into your SECU personal Checking, Savings, or Money Market accounts from your home or office. Using your internet-connected computer and personal scanner, checks can be conveniently deposited with just a few simple steps.

Q: Who is eligible for My Deposit?
A:
To qualify for My Deposit, members must be in good standing, have a personal SECU Checking account, be a member for at least 30 days, and have activated Online Banking.

The My Deposit service is not available for business members. For their needs, we offer a business-specific Remote Deposit Capture service with more of the special features our Business members require.

Q: Do I need a special scanner?
A: No. My Deposit works with most TWAIN-compliant scanners except wireless scanners, network scanners, travel scanners, and/or duplex multi document scanners. Almost all scanners manufactured within the last five years are TWAIN compliant, including most all-in-one printer/scanner/fax machines.

Note for Mac users: if you are using an HP scanner with your Mac, Java will not work, and you must use the upload method.

Q: What types of SECU accounts accept My Deposit?
A: You may deposit funds into any of your SECU personal Checking or Savings accounts, including Money Market accounts.

Q: What do I need to use My Deposit?
A: You will need the following:

  • High-speed internet connection
  • Scanner directly connected to your PC or Mac (wireless scanners do not work)
  • Java version 1.6.0_24 or later
  • Web Browser security set to allow cookies from third parties
  • Pop-up blockers disabled

PC users will need:

  • Windows XP® with Service Pack 2, Windows Vista™, or Windows 7™
  • Internet Explorer 8+ (Note: Internet Explorer 64 bit is not supported), Chrome 10+, or Firefox 3.6+
  • Web Browser security set to allow cookies from third parties
  • Pop-up blockers disabled

MAC users will need:

  • OS 10.6.6 or laterSafari 5+ or Firefox 4.0+
  • Java set to 32 bit mode (will not work with 64 bit)

Note for Mac users: if you are using an HP scanner with your Mac, Java will not work and you must use the upload method.

Q: Can I use My Deposit with my iPad?
A: My Deposit is for personal computer and scanners only. However, you may use an iPad, iPhone, or Android phone with our Mobile Deposit service in Mobile Banking.

Q: Is My Deposit secure?
A: Yes, My Deposit is located within Online Banking, which requires a unique username and password.

Q: How do I access My Deposit?
A: When you log into Online Banking, you will see the My Deposit icon in the left hand navigation beneath your menu options.

Click on the icon to open My Deposit. Accept the Terms and Conditions presented, and follow the prompts to get started.

Q: What if I don’t have the My Deposit icon?
A: This means that you currently do not qualify for My Deposit. To qualify for My Deposit, you must have an active SECU Checking account, be a member in good standing, have been a member for at least 30 days, and have activated Online Banking.

Q: What types of checks may I deposit through My Deposit?
A: My Deposit allows you to deposit only single-party, domestic checks payable to a person. Checks payable to a business or estate, Savings Bonds, traveler’s checks, foreign checks, third party checks, items stamped with "non-negotiable”, incomplete checks, stale-dated or “post-dated" checks, any checks that contain evidence of alteration to the information, checks purported to be a lottery or prize winning, and checks previously submitted for deposit are not acceptable for My Deposit.

Q: When will my deposit be credited to my account?
A: The first $500 of your deposit is immediately available. The balance of deposits in excess of $500 will be available on the second business day after your deposit.

Please note that deposit amounts may be adjusted up to two business days after a deposit is made.

Q: What fees are charged to use My Deposit?
A: SECU’s My Deposit service is free to members. 

Please note there may be a fee for checks deposited that are later returned.

Q: What should I do with the check once it has been scanned?
A: Store your check(s) in a safe place until you receive confirmation in Online Banking that your deposit has been accepted. You should wait 90 days to ensure both SECU and the issuing institution honor the check. Then destroy the check by shredding or another commercially acceptable means of data destruction.

Q: How do I know that my check was submitted for deposit?
A: The quickest way to verify your deposit is to go into Online Banking or Mobile Banking and see the deposit credited to your account.

Additionally, with My Deposit, you can have an email confirmation sent to you or print a receipt that includes a deposit receipt confirmation number and a copy of the check deposited.

Q: When will I be able to see deposits into my accounts in Online Banking?
A: Deposits appear immediately in Online Banking.

Q: I tried to launch My Deposit from Online Banking, but nothing happened.
A: Check that your pop-up blockers are disabled. In order to use My Deposit, you must allow pop ups.

You may see a yellow Information Bar at the top of your browser notifying you that the pop up blockers are enabled and providing a link to disable them.

Q: The scanner cuts off edges of my check/won’t size the check correctly.
A: Sometimes scanners have a hard time determining the edges of a check if the check is a light color with no border, especially when the scanner lid is white. To resolve this, place a dark colored piece of paper behind the check or use a dark marker to place a dot in all four corners of your check.

Q: What do I do if my check is rejected in My Deposit?
A: Double check the following:

  • All check images are correctly cropped.
  • The MICR line (the bottom portion of the check that includes your account number and SECU’s routing number) is fully visible.
  • There is space between the MICR line and the edge of the image.
  • The check’s front image is right side up and the check’s back endorsement is above the arrow on the right.
  • The check number, payee, endorsement, character (numeric) amount, legal (written) amount, and MICR line are all readable.

If the check continues to be rejected, bring it to one of our imaging ATMs or branches for deposit.

Q: Where can I find more help?
A: My Deposit has a robust help library. Simply click on the “help” link in the top right of all My Deposit screens. 

 

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Mobile Banking

Mobile Banking

Mobile Deposit

 

 

Mobile Banking

Q: Is there a fee for using the mobile website, text/SMS banking, or the mobile app?
A: There is no SECU fee for using any of our mobile banking services. However, mobile phone carriers may charge for wireless web/data access and for text messages.

Q: What can I do through Mobile Banking?
A: With SECU's Mobile Banking you can bank anywhere you have your mobile device:

  • Manage accounts- view accounts, account balances, recent transactions
  • Transfer funds- transfer funds between accounts, view recent and scheduled transfers 
  • Bill Pay- make a payment, view payees, view recent and scheduled payments 
  • Deposit checks- deposit checks by snapping a picture
  • Manage alerts- create and view custom alerts with email or text notifications
  • Locations- easily find SECU branches and surcharge-free ATMs near you 

Q: What differences are there between the mobile website, text/SMS banking, and the mobile app?
A: Our Mobile Banking capabilities are robust for all three channels. Which one you use depends on your preference and your mobile device.

  Text Banking  Mobile Website  Mobile App with Mobile Deposit 
 Free*  Yes  Yes Yes 
 Secure  Yes  Yes  Yes
 View Balances  Yes  Yes  Yes
 Transfer Funds between Accounts   Yes  Yes  Yes
 View 90 Days of Account History  Yes  Yes  Yes
 Bill Pay to Persons or Businesses   Yes  Yes  Yes
 Locate SECU branches and
surcharge-free ATMs
 Yes  Yes  Yes
 Receive Text Alerts  Yes  Yes  Yes
 Receive Email Alerts    Yes  Yes
 Receive Push Alerts      Yes
Mobile Deposit      Yes

Q: What is needed to use Mobile Banking?
A: You will need to be registered for Online Banking. Besides that, the requirements are very simple:

Text Banking: any mobile phone that allows text messages
Mobile Website: any internet-enabled phone and browser
Mobile App with Mobile Deposit: an Android or iOS device

Q: How do I get started?
A: First, you will need to be enrolled in Online Banking. Once you are enrolled, follow the steps below:

Text Banking:
1. Go to Online Banking and register your phone using the Mobile Banking link
2. You will receive a text from SECU1 (73281) with a verification code
3. Enter this code on the SECU website where prompted

Mobile Website:
1. Go to secumd.org using a mobile device’s web browser
2. Enter your Online Banking user ID and password

Mobile App:
1. Visit the iPhone's App Store or the Google Play Store to download the "SECU Mobile (Maryland) app
2. Enter your Online Banking user ID and password
3. Accept the terms and conditions

Q: What Account Alerts are available through Mobile Banking?
A: You can receive any of the following alerts through text message, email, or push notification:

  • Balances Lower/Greater than deposit confirmation
  • Deposit Confirmation
  • Withdrawal Threshold Exceeded
  • Check Cleared
  • Withdrawal Confirmation
  • Overdraft Posted
  • Statement Available

You may also schedule “quiet time” when you put your alerts on hold (such as overnight or during a movie, etc.) or suspend them for a period of time.

Q: Is Mobile Banking secure?
A: Yes. Mobile Banking uses encryption similar to Online Banking to keep your information secure and confidential. Our Mobile Banking application does not store any confidential information on your phone. You may choose to save your User ID, if you wish.

Q: Can I access Mobile Banking from more than one mobile device?
A: Yes. You can login to our mobile website from any mobile device with internet capabilities.

Q: Can I use one mobile device for accounts with different registrations (e.g. I have both business and personal accounts or both personal and custodial accounts)?
A: You may use the mobile web site on one mobile device for multiple different account usernames. So you will be able to use one mobile device to conduct mobile banking through the mobile web site for all your business, personal, custodial, etc. accounts.

However, for the mobile app and text banking, you can tie only one account registration to each device. If you would like to use one mobile device to access accounts with different registrations, consider the following: Use text banking or the mobile app for the account you use most. Use the mobile web for all other accounts.

Please note: This applies only to accounts with different usernames such as a personal and custodial account or a personal and business account. For multiple accounts with the same usernames, you will be able to see them all with one mobile login the way you do currently in mobile or online banking.

Q: What are the text banking commands?
A: Please click here to see all of the text banking commands.

Q: How do I set up Mobile Banking Alerts?
A: To set up Alerts, log into Online Banking and select Mobile Banking link from the left navigation bar.

Once in the Mobile Banking area, select the “Alerts” tab. From there, you can create alerts, delivery methods, set up “quiet times”, and alert suspensions.

You can also setup alerts directly from SECU’s Mobile Banking application for iOS and Android platforms.

Q: I have a prepaid phone plan, can I use Mobile Banking?
A: Yes, as long as you are able to use text messaging or a mobile browser you can use this service.

Q: Can I advance funds on a Preferred or Home Equity Line of Credit through Mobile Banking?
A:
Yes.

Q: Which SECU accounts can I access through Mobile Banking?
A: All accounts that you can access through Online Banking can be accessed through Mobile Banking. If you prefer, you can choose to exclude accounts from Mobile Banking access through Online Banking.

Q: I recently opened new accounts that are not showing up on Mobile Banking. How can I get them to appear? What if I don't want to see certain accounts when on Mobile Banking?
A: You can make new accounts viewable through Online Banking. Simply go to secumd.org via your computer and select Mobile Banking on the left navigation. Select the "Accounts" tab, and you can enable or disable whether each account is viewable in Mobile Banking.

Q: Is there a time out for Mobile Banking?
A: Yes, there is a five-minute time out for our Mobile Banking.

Q: Am I able to pay off my SECU loan through Mobile Banking?
A: Paying off your SECU loan can be completed via Online Banking or by calling 1-800-879-7328, but a loan pay off cannot be completed via Mobile Banking at this time.

Q: How do I set up nicknames for my accounts in Mobile Banking?
A: You may edit account nicknames through Online Banking on secumd.org and then going to Mobile Banking. Select the "Accounts" tab and enter your chosen nicknames in the boxes provided.

Q: How do I know if my mobile phone supports text messaging?
A: The majority of mobile phones sold in the US support text messaging so chances are your phone is capable of sending and receiving messages. To learn more about whether or not your mobile phone can send or receive text messages, please contact your mobile service provider.

*SECU does not charge a fee for Mobile Banking, however many mobile phone carriers may charge for wireless web access, for text messages received, or for the volume of data exchanged.

 

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Mobile Deposit

Q: What is Mobile Deposit?
A: SECU’s Mobile Deposit is a service that allows you to deposit checks directly into your SECU personal Checking or Savings account using your smartphones and tablets.

Q: Who is eligible for Mobile Deposit?
A: To qualify for SECU’s Mobile Deposit, members must be in good standing, have an active SECU personal Checking account, be a member for at least 30 days, and have activated Online Banking.

Mobile Deposit is not available for business accounts. For their needs, SECU offers a business specific Remote Deposit Capture service with more of the features our business members require.

To check if your account is eligible for Mobile Deposit, log into Online Banking. If you have a green button titled “My Deposit” in the left navigation bar, you are eligible. If you do not have this button, you are not eligible at this time.

Q: What devices can use Mobile Deposit?
A: We currently offer Mobile Deposit for Android phones with an OS of 2.1 and higher and iOS devices with an auto-focused 3.2 Mega Pixal or higher camera.

Q: I cannot find the decimal point key while entering the dollar amount in the Amount field on my Android phone.
A:
We are aware of this issue and are working on a fix for it. Please follow the instructions in this document for an alternative.

Q: Is Mobile Deposit secure?
A: Yes. You access Mobile Deposit through SECU’s Mobile Banking app, which uses encryption similar to Online Banking to keep your information secure and confidential. SECU’s Mobile Banking applications do not store any confidential information on your phone.

Q: What SECU accounts can receive a Mobile Deposit?
A: You may deposit checks into any of your SECU personal Checking, Savings, or Money Market accounts.

Q: Can I see a demo of how Mobile Deposit works?
A: Yes! You can watch the demo here.

Q. How do I perform a Mobile Deposit with SECU?
A: Follow the steps below: 

  1. Sign up for Online Banking.
  2. Visit the Apple App store or the Google Play Store to download the appropriate "SECU Mobile (Maryland)" app.
  3. Launch the app and click on the icon for “Deposit Check” and follow the given instructions.

Q: What types of checks may I deposit through Mobile Deposit?
A: SECU’s Mobile Deposit allows you to deposit only single-party, domestic checks payable to a person. Checks payable to a business or estate, Savings Bonds, traveler’s checks, foreign checks, third party checks, items stamped with "non-negotiable", incomplete checks, stale-dated or “post-dated" checks, any checks that contain evidence of alteration to the information, checks purported to be a lottery or prize winning, and checks previously submitted for deposit are not acceptable for Mobile Deposit.

Q: When will my deposit be credited to my account?
A: Deposits will be shown in your balance immediately if completed during business hours. The first $500 of your deposit will be immediately available. The balance of deposits in excess of $500 will be available on the second business day after your deposit.

Please note that deposit amounts may be adjusted up to two business days after a deposit is made.

Q: What fees are charged to use Mobile Deposit?
A: SECU’s Mobile Deposit service is free for members.

Please note there may be a fee for checks deposited that are later returned.

Q: What should I do with the check once it has been scanned?
A: Store your check(s) in a safe place for 90 days to ensure both SECU and the issuing institution honor the check. Then destroy the check by shredding or another commercially acceptable means of data destruction.

Q: How do I know that my check was submitted for deposit? What proof do I have that my check has been deposited?
A:
You will be provided a confirmation number on your confirmation screen. You may also verify the deposit through Online Banking or Mobile Banking. You may request that the confirmation be sent to you via text message.

Q: Why does the app tell me I am not eligible for Mobile Deposit?
A: To qualify for Mobile Deposit, members must be in good standing, have an active SECU personal Checking account, be a member for at least 30 days, and have activated Online Banking.

To check if your account is eligible for Mobile Deposit, log into Online Banking. If you have a green button titled “My Deposit” in the left navigation bar, you are eligible. If you do not have this button, you are not eligible at this time.

Q: May I deposit more than one check at a time?
A: Yes. Simply click the “done” button when you receive your deposit confirmation number, and then select “deposit check” to deposit another check.

Q: What do I do if my check is rejected in Mobile Deposit?
A: Double check the following:

  • Your check photos are clear and legible. Be sure that there are no shadows on the check, the check itself is not wrinkled excessively, the image is not blurry from “camera shake,” and the writing is contained within the relevant spaces on the check.
  • You have positioned the check against a dark or contrasting background.
  • The MICR line (the bottom portion of the check that includes your account number and SECU’s routing number) is fully visible (be sure the corners of the check are not covering this line). There is space between the MICR line and the edge of the image.
  • The check number, payee, endorsement, character (numeric) amount, legal (written) amount, and MICR line are all readable.

If the check continues to be rejected, bring it to one of our imaging ATMs or branches for deposit.

 

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Visa

V.me

Visa ScoreCard Rewards Credit Card

 

 

V.me

Q: Who uses V.me?
A: If you shop online, then V.me is for you. V.me is for anyone who wants to check out in fewer steps or pay without having to share their full card number after enrollment.

Q: Is V.me free to use?
A: Visa does not charge a fee to make a purchase with V.me.

Q: How do I enroll in V.me?
A: To create a V.me account, go to the V.me enrollment page. After enrolling, you can use V.me to make purchases on any merchant website that accepts V.me.

Q: What kind of payment methods can I add to my V.me by Visa account?
A: You can add Visa, MasterCard, American Express, or Discover credit or debit cards to your V.me account.

Q: Does V.me work on my mobile device?
A: V.me can be accessed using any web-enabled mobile device.

Q: Does V.me share my information with marketers?
A: V.me will never share any of your information with third party marketers unless you opt to allow them to do so. Learn more by reading their Privacy Policy Highlights or their full Privacy Policy.

Q: How is my V.me account information protected?
A: Visa has a wealth of experience in handling sensitive information. V.me uses advanced security technologies to protect the information you store in your V.me account, including industry standard encryption and multilayer authentication.

Q: What do I do if I forgot my V.me password?
A: Just click the "Forgot Password?" link on the V.me sign in page. V.me will send password reset instructions to the email address associated with your account. Follow those instructions to create a new password.

Q: My account is locked. How can I unlock it?
A: To prevent unauthorized access to your account, V.me locks your account for one hour if you enter an incorrect email address or password too many times. Please wait one hour and then try again, or you can contact V.me for assistance.

You are not able to use your V.me account for purchases during the time the account is locked.

Q: Who should I contact if I have a question about a purchase I made with my V.me account?
A: If you have concerns about a charge, delivery of/issues related to a product, the status of a refund, or have any customer service issues with the merchant, please contact the merchant.

If you have an issue that has not been resolved by the merchant and would like to escalate a concern about a charge or refund, V.me suggests that you contact your card issuer financial institution by calling the customer service number on the back of the card you stored in your V.me account and used to make the purchase.

Q: I made a purchase at a merchant that accepts V.me and do not see the purchase in my V.me transaction history. Why?
A:
You may not see a transaction in your V.me transaction history if:

  • The merchant has not started processing your order
  • The transaction was not made using your V.me account as only transactions made using your V.me account appear in your V.me account transaction history

If you have confirmed that none of these reasons are the cause, please contact a V.me customer support representative.

Q: Is there a fee for the V.me alerts service?
A: There is no fee for the V.me alerts service. However, text message and data rates may apply with your wireless carrier.

Q: How do I stop receiving alerts?
A: To stop receiving email alerts, go to the "Alerts" tab and deselect the alerts you no longer want to receive. From your mobile device, you can also reply: “STOP” to any text alert to stop all alerts for all of the cards enrolled with this mobile number.

Q: What if I receive an alert for a purchase I don’t recognize?
A: The unfamiliar purchase may be related to an automatic bill payment, a large purchase divided into smaller transactions, an aggregated charge (several small purchases at a single merchant combined into one purchase amount, such as buying $0.99 songs online), or a purchase initiated by an authorized cardholder (e.g. spouse or child) who has the same Visa card number.

If you still can’t identify the purchase, please immediately contact your card issuer by calling the customer service number on the back of the card you used to make the purchase.

 

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Visa ScoreCard Rewards Credit Card

Q: What are ScoreCard Rewards points?
A: ScoreCard Rewards is a rewards program that awards one point for every net dollar spent for purchases completed on your SECU ScoreCard Visa card.

Q: What can I do with the points?
A: You can redeem points for name-brand merchandise and travel.

Q: How many points are required to redeem?
A: The points required to redeem for merchandise start at 1,300 points.

Q: How can I determine the number of points I have accumulated?
A: The total number of points is listed on your monthly credit card statement. You can also log in the ScoreCard Rewards website.

Q: How do I redeem points for merchandise or travel?
A: Log in to the Scorecard website to redeem points for merchandise, airline tickets, or other travel products.

Q: How does SECU ScoreCards Rewards compare to the competition?
A: SECU ScoreCard Rewards matches or exceeds the competitors in every category. A SECU Visa with ScoreCard Rewards has a lower average annual percentage rate and lower fees than the competition and rewards are equal to competitor offers. Plus, no annual fee.

Q: Where do I mail Visa credit card payments?
A: To Visa, P.O.Box 31279, Tampa, FL 33631-3279. 

Q: How do I notify SECU that I'm traveling internationally and plan to use my SECU Visa Card?
A: The Travel Notification is located in Online Banking under "My Profile". Card numbers are automatically populated, and members have the option to add an additional SECU Credit, Debit, or ATM Card Number. Required fields include:

  • Destinations
  • Dates of Travel
  • Comments
  • Contact number while traveling
  • Authorized contact information if you are not available
  • Email address

Your request will be processed within one business day.

 

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Borrowing

Mortgages

Home Equity Loans and Lines of Credit

Consumer Loans

 

 

Mortgages

Q: What type of financing does SECU offer?
A: SECU offers the following mortgage loan programs:

  • 10-, 15-, 20-, and 30-year fixed-rate mortgages
  • 3/1, 5/1, 7/1, 10/1 adjustable rate mortgages 

Q: What is an Adjustable Rate Mortgage?
A: The Interest rate is fixed for the initial period, such as first three years, on a 3/1 Adjustable Rate Mortgage (ARM). The rate then adjusts every year thereafter. The new rate is based on the current Weekly Average yield of the U.S. Treasury Securities plus a margin. The rate is capped at 2% for each initial change, and the lifetime cap is 6% over the initial rate. Our current margin is 2.5%.

Q: What’s the difference between a rate/term refinance and a cash-out refinance?
A: A rate/term refinance is when the member pays off an existing first lien mortgage and rolls in their closing costs. A cash-out refinance request is when the member not only pays off an existing first lien, but also wants additional funds to either pay off a second lien, consumer debt, home improvement, vacation, tuition, etc.

Q: What is a point?
A: A point is a fee, collected at closing, which the lender charges the member in order to obtain either a lower interest rate or a specific program. One point is equal to 1% of the loan amount.

Q: What is Private Mortgage Insurance (PMI)?
A: Private Mortgage Insurance is required on all conventional loans where the member either has less than 20% equity in the property, in the case of a refinance; or less than a 20% down payment, in the case of a purchase. The lender will obtain the insurance, and the fee will be included in the member's monthly mortgage payment. It insures the lender against the member's default on the loan.

Q: How much of a down payment must I make on a home purchase?
A: The majority of our products require at least a 5% down payment from the member’s own saved funds.

Q: Can I apply for a loan before I find a property to purchase?
A: Yes, SECU offers a pre-approval program for our members. The member simply needs to complete a mortgage application, leaving references to a "property" blank. Based on the information and credit history, SECU will issue a pre-approval letter stating the sales price that the member would qualify up to and the loan program that would best suit them. The pre-approval letter and credit report are good for 120 days.

Q: If I apply for a mortgage with SECU, will I have to pay any “up-front” fees?
A: No, there is no application fee. SECU requires that the appraisal fee be paid at time of processing your mortgage.

Q: What is an APR?
A: The Federal Truth-in-Lending law requires that all financial institutions disclose the APR (Annual Percentage Rate) when they advertise a rate. The APR is designed to present the actual cost of obtaining financing, by requiring that some, but not all, closing fees are included in the APR calculation. These fees in addition to the interest rate determine the estimated cost of financing over the full term of the loan.

Q: When can I lock in my interest rate and how long is it good for?
A: You are eligible to lock in your interest rate at time of application or you may choose to float the rate. Once you lock the rate, the interest rate is guaranteed for 60 days. The interest rate must be locked in at least seven business days prior to loan closing.

Q: Can I lock in an interest rate when I get pre-qualified?
A: There is no rate guarantee for a pre-qualification loan request. You will be qualified at the current interest rate in effect at time of application.

Q: Does SECU finance land loans?
A: At this time, SECU does not finance raw land.

Q: Do we have to pay our escrows (insurance, taxes, ground rent, etc.) through SECU?
A: Yes, SECU will require that an escrow account be set up at closing and 1/12th of the charges will be included in the monthly mortgage payment.

Q: What if my annual escrow deposits are more or less than my annual escrow bills?
A: Each October, members that have a mortgage with an escrow account receive an Escrow Analysis statement from SECU. An Escrow Analysis is the periodic examination of escrow accounts to determine if current monthly deposits to an escrow account will provide sufficient funds to pay taxes, insurance, and other bills escrowed for when they are due.

If you have a surplus that is less than $50, we will reduce your escrow payments over the upcoming year. If you have a surplus greater than $50, we will mail you a check.

If you have a shortcoming, we will adjust the escrow portion of your payments to include 1/12 of your shortage and an increase to help cover your bills next year.

Q: Does SECU offer Construction loans?
A: No, at this time SECU does not offer construction loans. All properties must be fully complete prior to any loan disbursement.

 

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Home Equity Loans and Lines of Credit

Q: What’s the difference between a fixed-rate home equity loan and a variable-rate home equity line of credit (HELOC)?
A: Funds for a fixed-rate home equity loan are disbursed at the time of loan settlement. Your repayment is over a specified period of time, and your monthly payments are the same for the duration of your loan. The interest rate on a fixed-rate loan remains the same for the term of the loan and will not change.

A variable-rate home equity loan is a line of credit, known as a home equity line of credit or HELOC, which you can draw from at any time. You can take any amount up to your available limit any time throughout the draw period and repayment is based on the balance each month at billing. The rate on this loan is based on a published index such as Prime Rate and can vary from month to month.

Q: What is a pre-approval?
A: SECU renders a decision based upon information provided on the loan application. Because this decision is based upon information that has not yet been verified, it is considered a pre-approval subject to verification and/or receipt of additional information. Once all of the condition outlines in the pre-approval letter are satisfied, the loan will receive a final approval.

Q: What documentation do I need to get started?
A: You will need to complete the application and provide a copy of your homeowner’s declaration page(s), which shows your agent's name and telephone number along with the coverage amounts. Additionally, you should provide a recent pay stub.

Q: How can I find out the status of my home equity loan application?
A: Call the Home Equity Department at 410-487-7466.

Q: What is a loan to value (LTV), and how is it calculated?
A: The LTV is the relationship between the amount of the home equity loan and the value of the real estate property being pledged as collateral. For example, if you have a home that appraises for $100,000, and you have a $50,000 first mortgage and a $25,000 second mortgage, the two loans together represent a 75% loan to value.

Q: Are the HELOCs interest only?
A: No. Your monthly payments are credited towards the loan’s principal and interest.

Q: How can I increase my existing HELOC?
A: You cannot increase an existing line of credit because the loan amounts are recorded in the county real estate land records. Therefore, you would need to reapply to increase your existing line of credit to match the loan amounts to the recorded lien amounts.

 

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Consumer Loans

Q: How can I obtain a copy of my credit report?
A: Contact any of the following credit reporting agencies to receive one free copy of your credit report each year: Experian 1-888-397-3742, Equifax 1-800-685-1111, or Trans Union 1-800-888-4213.

Q: What payment methods are available for my loan?
A: The following payment methods are available, but may vary based on loan type:

  • Automatic or one-time transfers from Online Banking
  • Internal transfer from a SECU Checking or Share Savings account
  • Monthly biller
  • Automated Clearing House (ACH) from a checking or savings account at another institution

Q: What is a co-borrower?
A: A co-borrower is someone who applies jointly for credit with the primary applicant and who is equally responsible for repayment of the loan. The payment history on the loan will affect all borrowers.

Q: Why didn’t I qualify for your lowest rate?
A: Rates are based on the credit score supplied by the credit reporting agency. Your rate may also vary based on the length of your loan or your repayment method.

Q: Does my name have to be on the account/loan to receive information regarding the status?
A: We can only release information on a loan to the borrowers or with their written permission to discuss with someone else.

Q: How do I obtain a payoff on a loan?
A: In order to obtain a loan payoff quote, members can follow any of the processes below. Loan Servicing does not give verbal payoff quotes, as information can be misconstrued.

 Real Estate Payoff Quotes  Consumer Payoff Quotes 

Email, call, or fax the Loan Servicing department. Other departments within SECU can receive the request, but the quotes will only be issued by Loan Servicing.

If the payoff needs to go to a third party, please fax the request to 855-308-1233 or 443-517-5850, along with the member's signature/authorization, and the following information:

  • Third party company name
  • Third party address
  • Third party phone number
  • Third party contact person (if necessary)
  • Third party fax number

Email or call the Loan Servicing department. You can also request your payoff at any branch location, through SECU's Contact Center, or by faxing your request to 410-487-7246.

 

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Business Banking

Q: Can I open a business account online?
A: At present, SECU business accounts should be opened at your local branch or through a business banker.

Q: Does SECU offer business loans?
A: Yes, we offer a variety of loans including Business Lines of Credit, Commercial Mortgages, and Term Loans. To learn more, stop by a branch, call 410-487-7316, or email a business banker.

Q: What is the required opening deposit for a business account?
A: Our minimum opening deposits are $10 for Business Share Savings and $100 for Checking accounts.

Q: What do I need to open an account?
A: Required documentation depends on the business you operate:

  • For an LLC, you will need your EIN number and certified copy of articles of organization. If your business uses a trade name, the registration is needed.
  • For a corporation, you will need your EIN number and certified copy of articles of organization. If your business uses a trade name, the registration is needed.
  • For a partnership, you will need your EIN number and certified copy of articles of organization. As well if your business uses a trade name, the registration is needed.

Q: Can I use my phone to deposit checks into my business accounts?
A:
Mobile Deposit is not available for business accounts. For business needs, we offer a business specific Remote Deposit Capture service with more of the features your business requires.

Q: I have changed my entity type. How do I update my account?
A: Once the change has been recorded with the State, bring that documentation to your local branch.

Q: Our organization is changing signers. What needs to be done?
A: All current signers need to visit the local branch, along with supporting documentation, to make the changes.

Q: Does SECU offer HSA accounts?
A: SECU does not, however, our payroll service provider Paychex does. To learn more, email a business banker.

Q: Can my business account have a beneficiary?
A: Business accounts cannot have beneficiaries.

 

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Expressline

Q: What is Expressline?
A: Expressline is a free telephone service that allows you to access your SECU accounts 24 hours a day from almost anywhere. All you need is a touch-tone phone, your SECU member number, and your special Expressline personal identification number (PIN).

Q: What is the Expressline phone number?
A: 410-487-7930 OR 888-64-EXPRS (643-9777).

Q: I forgot my Expressline PIN. What do I do?
A: You can call us Monday - Friday, 8 am to 7 pm or Saturday, 9 am to 1 pm to request a new PIN: 410-487-7328 or 800-879-7328.

 

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