Deposit Products FAQs

Are my deposit accounts covered by FDIC Insurance?
Yes –Hamilton Federal Bank is a member of the Federal Deposit Insurance Corporation (FDIC). Deposits are fully insured by FDIC up to the Standard Maximum Deposit Insurance Amount of $250,000.00. However, please keep in mind that coverage depends on the type of accounts you have and the ownership of those accounts.  Click Here for more information.

What is the grace period on my certificate of deposit?
The grace period on all certificate of deposit accounts is 7 days after the day of maturity.

What is the penalty on my certificate of deposit if I withdrawal any of the principal balance prior to maturity?
There is a penalty equal to 1 month’s interest on certificates with a term less than 6 months.
There is a penalty equal to 3 month’s interest on certificates with a term 6 months – 12 months.
There is a penalty equal to 6 month’s interest on certificate with a term greater than 12 months.

How do I open an account?
Hamilton Federal offers various account options designed to meet the needs of our customers. To provide you with the best possible information, we kindly ask that you visit the branch nearest to you.

How do I close an account?
Your signature is required to process this type of request. If you are unable to visit a branch, please send your signed request to Hamilton Federal Bank’s Administrative Office, 501 Fairmount Avenue Suite 200, Towson, MD  21286.

How do I notify the bank of an address change?
Your signature is required to process this type of request. If you are unable to visit a branch, click here to print an Address Change form. Please send the completed signed form to Hamilton Federal Bank’s Administrative Office, 501 Fairmount Avenue Suite 200, Towson, MD  21286.

What is my Hamilton Federal Bank ABA/Routing Number?
252070891

How do I wire funds to another financial institution?
You can have your funds wire transferred to an international or domestic bank account by visiting your nearest branch and completing the required paperwork.

For a domestic wire transfer you will need to know the ABA/Routing Number for the depository bank to which you want to send the funds in order to process the transfer along with the Beneficiary’s Name (person receiving the funds), Address and Account Number at the depository bank. There is a Domestic Wire Fee of $10.00.

For an international wire transfer you will need to know the SWIFT code and CHIPS number for the depository bank to which you want to send the funds in order to process the transfer along with the Beneficiary’s Name (person receiving the funds), Address and Account Number at the depository bank. There is an International Wire Fee of $50.00.