$125 bonus for checking account with Tower Federal Credit Union

February 4th, 2011 Jackson Colson Leave a comment Go to comments

Tower Federal Credit Union is still giving away $125 worth of bonus when you open a checking account and setup a direct deposit. This is a good money in the bank deal because unlike other banks, the regular checking account of Tower FCU is free and you do not have to worry about monthly charges and balance requirements.

This best checking account promo for a checking account bonus will run until the end of this year. So you must post a direct deposit by 31 December 2011. Direct deposits are considered qualified if they will come from your paycheck, pension, or social security that you will electronically deposit to your Regular Checking Account. A direct deposit should be at least $100 and must re-occur in 2 consecutive months. You cannot combine smaller deposits per month to meet the $100 requirement for each month. Individuals who are interest to open the Regular Checking account only needs an initial funding of $10.

Existing checking account members which have posted a direct deposit to any Tower FCU account before 31 December 2010 are not eligible for the cash bonus of $125. With qualifying direct deposits, you may be able to get $100 checking account bonus.

It says on the small fonts that the bonus is subject to tax and will be paid within six to eight weeks upon verification of the qualified direct deposits. Please ask the credit union if there are other factors which might affect your bonus and your earnings. Electroni fund transfers from non-transactional accounts are limited to six per month.

Tower Federal Credit Union primarily welcomes individuals from certain associations and businesses. You can checkout their membership page to see the full details on how you can sign up. An example of a listed organization is the National Cryptologic Museum Foundation in Pennsylvania, DC, Virginia, and Maryland which you can join for $35.

The credit union operates branches in a number of Maryland metros including Hanover, Annapolis, Columbia, Clarksville, Laurel, Ellicott City, Gambrills, Pasadena, Millersville, Owings Mills, and Annapolis Junction.

The Tower Federal Credit Union is a sizeable credit union with declared assets amounting to around $2 billion. This credit union is covered by the National Credit Union Association thru charter number 8333.

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