If you have direct deposit set up to your Tower account, we want to inform you about an important change to direct deposits that is taking place this month.
Effective March 19, 2021, the posting time for direct deposits will change from 4:30 p.m. to 6:30 p.m.
This is due to a change in when the Federal Reserve sends direct deposits to Tower.
There is no action needed on your part. This change in posting time for direct deposits will happen automatically on March 19.
All transfers or payments to loans initiated by your direct deposit will continue as before. Direct deposits are posted before direct debits or checks (please note this does not include debit card transactions).