Tower Federal Credit Union will give you a $300 cash bonus when you open a Tower free checking account and receive 2 recurring direct deposits of $1,000 or more each within 90 days.
This $300 Tower free checking account bonus is only available to people who meet 1 of the following requirements: Residents of MD, DC, DE, PA, VA and WV; Department of Defense personnel and their family; or existing Tower members as of April 20, 2025.
In order to be eligible for Tower FCU membership, you’ll need to meet 1 of the following requirements: Be affiliated with Tower’s sponsoring agency; be affiliated with a partner organization; be related to a current Tower member, or make a $35 donation to the TowerCares Foundation to help support local Veterans and children in need.
To establish your Tower FCU Membership, you’ll need to make an initial $5 deposit to open a Prime Share savings account, plus a $10 minimum deposit is required to open a free checking account.
If you live in MD, DC, DE, PA, VA or WV, are DoD personnel, or are a current Tower member (as of April 20, 2025) without an existing checking account, take advantage of this $300 free checking account bonus when you establish a recurring direct deposit of $1,000 or more.
Tower FCU $150 Refer-A-Friend Program: Through the Tower FCU “Give $150, Get $150” Referral Program, when an existing member refers a new member who opens a Tower checking account and completes a recurring direct deposit of $1,000 or more within 90 days of account opening, both members will receive a $150 Mastercard Reward Card. Please see the below comments for active referral links and more details on this offer, which may possibly be stackable with the $300 bonus.
Tower FCU $300 Free Checking Bonus
1. Visit this Tower $300 Checking Promotion to get started.
2. Open a Tower free checking account with a $10 minimum deposit.
3. Receive 2 recurring qualifying direct deposits of $1,000 or more each within 90 days.
4. 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.
5. Earn a $300 cash bonus within 60 days of meeting the qualifications.
6. To receive the $300 bonus, your checking account must not be closed or restricted at the time of payout, and if the checking account is closed or the recurring direct deposit is stopped within 6 months of account opening, Tower reserves the right to deduct the $300 bonus from the account.
7. This offer is 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.
8. You can receive only 1 new checking account opening related bonus per member.
If you meet the eligibility requirements for this special promotional offer, join Tower Federal Credit Union to get a $300 cash bonus when you open a Tower free checking account.
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Daniel says
This can also stack with a Refer Live referral. Here is my link if you want to stack do this referral link FIRST. Than use the link above for the additional bonus from Tower.
https://io.referlive.com/FTXG18
MM Team says
Hello Daniel,
Thank you for posting your Tower FCU referral link for other readers to use.
Tower does not seem to post a readily available link to their referral program on their website navigation (as I did check before posting the article), but when I performed a search for the term “referral” on their site again after seeing your comment, I did find a link to it, which I posted below, that other current members can use to register for their own referral link:
https://www.towerfcu.org/refer
The qualifications for this offer are opening a new Tower checking account and completing a recurring direct deposit of $1,000 or more into the new checking account within 90 days of account opening.
When the qualifications are met, the current bonus is for a $150 Mastercard Reward Card for both the existing and new member.
However, it’s important to note that if the checking account is closed or the recurring direct deposit is discontinued within 6 months of account opening, Tower reserves the right to deduct the Rewards Card cash equivalent from the account.
So you’ll basically need to continue the $1,000 monthly direct deposit for 6 months in order to avoid forfeiture.
It also indicates in the terms that this referral offer cannot be combined with other checking account promotions, so it may not combine with any other offers.
However, these ReferLive promotions do often work when stacking, so it’s something that may possibly work, and readers will just have to take their chances when stacking if they want to try.
Thank you again for your help.