Put More Money in Your Wallet with Direct Deposit
Direct deposit is easy, safe and FREE. And now you can get up to a $125 Cash Bonus with direct deposit to a Tower Regular Checking account. Plus, you may be eligible to win cash prizes in the Super Savers Sweepstakes—including the $10,000 Grand Prize!
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Direct deposit and Regular Checking are FREE, with no monthly fees or service charges and no minimum balance requirement. Plus, with direct deposit and Tower FREE checking, you can take advantage of FREE convenient eServices like Home Banking and eStatements, FREE overdraft protection†, a FREE MasterCard® debit card and FREE checks.
Getting started is easy.
Simply fill out the online Direct Deposit Authorization Form and take it to your employer or source of recurring income. Paychecks are the most common form of direct deposit, but you can also set up direct deposit for Social Security and pension checks. If you are a government employee, fill out a Federal Government Direct Deposit Form and take it to your payroll office.
Don’t have a Tower Regular Checking account? Use our convenient online Switch Kit to get started. This kit provides all the information and forms you need to open your new checking account and to set up direct deposit. Open your account with an initial deposit of $10 to start enjoying all the benefits of Tower FREE Checking.
*Accounts receiving a direct deposit prior to 12/31/09 are not eligible for cash bonuses. A qualified direct deposit is defined as a recurring direct deposit of a paycheck, Social Security or pension payment electronically deposited to a Regular Checking account. The minimum amount of any single direct deposit must be $100 to qualify for this promotion, and must occur a minimum of once per month for two consecutive months. Multiple deposits within the same month can not be combined to meet $100 minimum requirement. Eligibility requirements for a Regular Checking account must be met to qualify for cash bonus. The minimum deposit required to open a Regular Checking account is $10. Checking account must be in good standing. Members are not eligible for more than one incentive to set up direct deposit or open a Regular Checking account. First direct deposit must post to account by 12/31/10 to be eligible for cash bonus. Cash bonus is subject to taxation. Cash bonus payments will be made within 6 to 8 weeks following verification of qualified recurring direct deposits. Offer ends 12/31/10; may be withdrawn at any time. Checking account annual percentage yield is 0.15% effective 9/1/10 and is subject to change.
†Federal regulations limit the total number of electronic funds transfers from any non-transactional account—Prime Share (savings), Clubs, and Money Market—to six (6) per month.
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