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Direct deposit is the easy, convenient, and secure way to have recurring payments (such as paychecks, Social Security, pension and annuity payments) deposited right to your Tower Federal Credit Union checking account or savings account.

  • Convenient – Your money is always deposited on time, and you don’t have to take time out of your day to receive your funds.
  • Secure – Direct deposit reduces the risk of theft or loss, because your money goes directly from the payment source to your Tower account. It reduces the risk of mail tampering and identity theft.
  • Easy to track – You can view your direct deposit by logging into Home Banking.

When you set up direct deposit to your Tower checking account, you’ll receive free personalized checks.

To sign up for direct deposit, simply complete the Direct Deposit Authorization form and turn it in to your employer’s payroll department (or the source providing  the income you wish to deposit). If you are receiving a payment from the Federal Government use this form.



Once you’ve set up direct deposit, make life a little easier by setting up automatic allocations or transfers. You can select where you want all or a portion of your paycheck to go—checking, savings, a loan payment. You choose!

You have options for managing your direct deposit funds.

  • Direct Deposit Allocations Set Up by Your Employer – Ask your employer if you can split your direct deposit between a savings, checking and/or loan account.
  • Scheduled Transfers Set Up by You – Set up automatic, recurring transfers online in Home Banking or use Tower’s Mobile App.
  • Transfer Groups Set Up by Tower – Call the Member Service Center or visit your local branch to set up an automatic transfer(s) to align with your payroll date.



You may be able to authorize your employer or other source of income to deposit a portion of your recurring income directly to your Tower account. Ask your employer or other income source for details.

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.

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