Tower Federal Credit Union
Tower Federal Credit Union Free Checking $300 Bonus
Tower Federal Credit Union pays you $300 when you open a new Free Checking account between June 15 and September 30, 2026 with promo code ORIOLES or BALTIMORE and receive recurring qualifying direct deposits of $1,000 or more within 90 days. No monthly fee. Eligibility is limited to Maryland residents, Department of Defense personnel and their families, or existing Tower members.
- Bonus amount
- $300
- Expires
- Sep 30, 2026
- Time to complete
- ~90 days
- Bonus deposited in
- ~60 days
- Difficulty
- Easy
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Requirements
Last verified: Jul 24, 2026
Open an account
Open a new Tower Free Checking account with a $10 minimum deposit using promo code ORIOLES or BALTIMORE between June 15 and September 30, 2026.
Set up recurring direct deposit
Receive recurring qualifying direct deposits of $1,000 or more each within 90 days of account opening. Qualifying deposits are recurring electronic deposits of salary, pension, or government benefits.
The $300 bonus is deposited into your new checking account within 60 days after you meet all requirements.
Account Details
If the checking account is closed or qualifying recurring direct deposits are discontinued within six months of opening, Tower may recoup the bonus.
Eligibility
Not available to current Tower checking account holders, accounts closed within 90 days, or accounts closed with a negative balance in the past 3 years. Not available if you received a Tower checking bonus in the past 48 months.
- Membership and the bonus are available to Maryland residents, Department of Defense personnel and their families nationwide, or existing Tower members as of June 15, 2026.
- Limit one checking bonus per household.
Tips & Gotchas
- →Enter promo code ORIOLES or BALTIMORE when you apply. The code cannot be added after the account is open.
- →The direct deposit must be recurring, such as your regular paycheck. One-time deposits, Zelle and other person-to-person payments, and transfers from other banks or brokerages do not count.
- →Each qualifying direct deposit must be $1,000 or more.
- →Membership is limited to Maryland residents, Department of Defense personnel and their families, or people who were already Tower members as of June 15, 2026.
- →Keep the account open and the direct deposits running for at least six months, or Tower may take the bonus back.
Direct Deposit Data Points 3
3 community reports across 1 transfer source, showing what triggers a qualifying direct deposit at Tower Federal Credit Union.
No data points match the selected filters.
View all Tower Federal Credit Union direct deposit data points →
Can You Earn This Bonus Again?
Fine Print
Offer available only to Maryland residents, Department of Defense personnel and their families, or existing Tower members as of 6/15/2026. Valid for new Tower checking accounts opened from 6/15/2026 to 9/30/2026 with promo code ORIOLES or BALTIMORE. Receive recurring qualifying direct deposits of $1,000 or more each within 90 days of account opening; the bonus is deposited within 60 days after requirements are met. Not available to current checking holders, accounts closed within 90 days, accounts closed with a negative balance in the past 3 years, or anyone who received a Tower checking bonus in the past 48 months. Limit one bonus per household. Reported on IRS Form 1099-INT.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
No. Zelle payments don't count as direct deposit for bank bonuses. Here's why it fails and what to use instead so the bank pays you.
What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money