[MD, DC, DE, PA, VA, WV] Tower Federal Credit Union $300 Checking Bonus
Offer at a glance
- Maximum bonus amount:
- Availability: Residents of MD, DC, DE, PA, VA, WV
- Direct deposit required: Yes, $1,000+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: Can fund up to $500 with a credit cards
- Monthly fees: None
- Household limit: None listed
- Expiration date: July 31, 2025
The Offer
- Tower Federal Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Receive at least two recurring direct deposits of $1,000 or more into the new checking account within 90 days of account opening
The Fine Print
- Offer eligibility requirements: Offer is only available to the following: 1) Residents of MD, DC, DE, PA, VA, WV; or 2) Department of Defense (DoD) personnel and their family; or 3) existing Tower members as of April 20, 2025. Offer not available to existing Tower checking members, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years.
- Must be U.S. resident with a valid U.S. taxpayer identification number to qualify. This offer is valid for new Tower Checking accounts opened from April 21, 2025 to July 31, 2025 and intended for new checking members. You can receive only one new checking account opening related bonus per member. The minimum deposit required to open a Checking account is $10. Membership eligibility required.To receive a $300 bonus: 1) Open a new Tower Checking account between April 21, 2025 and July 31, 2025, which is subject to approval; AND 2) Receive at least two recurring direct deposits of $1,000 or more into the new checking account within 90 days of account opening. Each recurring direct deposit amount must be $1,000 or more to qualify.
- Qualifying direct deposits must be a recurring electronic deposit of your net paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle®), Online and Mobile App transfers, or deposits from a bank or brokerage account are not considered a direct deposit.
- Tower’s determination of offer eligibility is final.
- After you have completed all the above requirements, we’ll deposit the bonus in your new account within 60 days.
- To receive this bonus, the enrolled account must not be closed or restricted at the time of payout.
- If the checking account is closed or recurring direct deposit is stopped within six months of account opening, Tower reserves the right to deduct the bonus from the account. Cash bonus is considered interest and is subject to taxation.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account doesn’t have any monthly fee.
Early Account Termination Fee
Bonus is forfeit if account is closed within six months
Our Verdict
Previously only available in MD, so nice to see it open to a lot more states. I can see this being pulled early. Will add this to our list of the best bank account bonuses.
Hat tip to ShawntheShawn
Useful posts regarding bank bonuses: