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$125 Checking Account & Direct Deposit Bonus at Tower FCU in Maryland


Tower Federal Credit Union is offering a checking account promotion with a $125 cash bonus. It requires a new Regular Checking account with a qualifying direct deposit. Offer is scheduled to end 12/31/09.

Here's an important part of the offer's small print:
A qualified direct deposit is defined as a recurring direct deposit of $100 minimum in the same month of a paycheck, Social Security or pension payment electronically deposited to a Regular Checking account. Multiple deposits within the same month can not be combined to meet $100 minimum requirement.

Membership is open to employees and members of a long list of companies and associations. Refer top the credit union's Field of Membership Page for the full details. Membership requires a deposit of $15 into a savings account.

Branches are located in several Maryland cities including Laurel, Hanover, Columbia and Pasadena. The credit union is federally insured by the NCUA (Charter # 8333). It's a large credit union with $1.8 billion in assets and 116,576 members.

  Tags: Maryland

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Comment #1 by Anonymous posted on
Rec'd this from Chase rep regarding Etrade for Direct Deposit requirement, YMMV: "I am very sorry for any confusion that there may be
regarding the requirement of the $125 promotion. I want
to clarify that a direct deposit is a deposit that is
received from an employer or the government (social
security, pension). A transfer from Etrade is not
considered a direct deposit. You have until 05/12/09 to
receive a direct deposit of at least $10. Once the direct
deposit posts to your account, the cash bonus will post to
your account within a week."