No monthly fees
No minimum balance required
Get excited for PenFed’s new mobile banking experience. For current and new customers, our mobile app is your gateway to a brighter financial future.
Deposit checks: Snap a photo with your phone
Check balances: See your account activity
Bill pay, transfers: Manage your finances easily
Send money: Use Zelle® or other payment apps
Making deposits has never been easier. With PenFed’s mobile app, mobile deposits is fast, simple and secure right from your mobile phone!
Bill Pay: Pay your household bills online
Transfer funds: Move money between accounts
Send money: Send money to friends and family
Free checks: Get a box of checks when you open a new checking account
+ATMs: Find Fee-free PenFed ATMs at familiar spots like Target®, CVS Pharmacy®, Circle K®, Winn Dixie®, Rite Aid®, Kroger®, Speedway®, and Safeway®
Overdraft from Savings - Access your savings to cover insufficient funds in your checking account without incurring a fee
Overdraft Line of Credit - Overdraft lines of $ and up - which are subject to credit approval – enjoy a fixed rate of
% APR6
Enjoy no monthly fees2, fee free ATMs, 24/7 online and mobile banking and early access to your paycheck
Keep your money and lose the fees
Open an account with as little as $25
Quicker access: Receive your direct deposit up to 2 days earlier4
How it works: We'll make your paycheck available as soon as we receive your deposit information from your employer
Pair your checking and credit cards, and you can enjoy % Cash back on all purchases with your Power Cash Visa® Credit Card and/or
points on all travel plus a $
annual fee waiver with your Pathfinder Visa® Credit Card.
A Free Checking account offers no monthly service fees and no monthly minimum balance requirements. Certain account activity fees still apply, including but not limited to outgoing wire transfer and stop payment fees. Please see PenFed Service Fees for a full list of associated fees.
PenFed Credit Union
Box 247009
Omaha, NE 68124-7009
Note: Please allow 5-7 business days for USPS mail delivery time.
Generally, when you request an electronic transfer or make a check deposit, your funds will be available for withdrawal no later than the 5th business day after you initiate your transaction at PenFed.
Your debit card will arrive within 5 to 7 business days after your account is opened.
Access to PenFed's ATM network — PenFed, Allpoint and Co-op — will be free. This includes both withdrawals and balance inquiries. PenFed will not charge an out-of-network ATM fee, but out-of-network ATM fees may be levied by the financial institution that owns the ATM, and fees will vary depending on the financial institution that owns the ATM.
Yes, you can enroll in overdraft protection through Overdraft from Savings or an Overdraft Line of Credit. For more information please visit our Overdraft Protection (penfed.org) page.
You can order checks online, by phone, or in our branches. Your first set of 40 checks will be delivered for free within 7 to 10 business days after the order has been placed.
As an 85-year-old Financial Institution, we’ve stood by our members through thick and thin. We’re not just a credit union. We’re your partner. Becoming a PenFed member means never facing a financial decision alone.
1Early access to direct deposit is available for all PenFed members that set up a direct deposit with their employer or other payor. Early direct deposit eligibility may vary between pay periods and timing of payors funding.
2Have peace of mind knowing that PenFed won’t hold you responsible for unauthorized transactions on your Visa debit card. Visa’s Zero Liability policy applies to purchases made in the store, over the telephone, online, or via a mobile device. Visa’s Zero Liability policy does not apply to transactions not processed by Visa.
3Rates and offers current as of and are subject to change. After account opening, a three business day waiting period applies for credit line advances. This account can only be accessed by overdraft from a checking account. No other types of advances are permitted.
4U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
5Have peace of mind knowing that PenFed won’t hold you responsible for unauthorized transactions on your Visa debit card. Visa’s Zero Liability policy applies to purchases made in the store, over the telephone, online, or via a mobile device. Visa’s Zero Liability policy does not apply to transactions not processed by Visa.
2023 Early Warning Services, LLC. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
