Earn up to the national average1
Easily avoid monthly fees2
Earn dividends up to % APY3
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 securely with your phone
Check balances and view transactions
View your latest FICO® Score
Bill pay, transfer funds, and more
Making deposits has never been easier. With PenFed’s mobile app, mobile deposits is fast, simple and secure right from your mobile phone!
Pay bills anytime: Pay bills from anywhere with just a few clicks
Transfer funds instantly: Move money between your PenFed accounts in seconds
Send money easily: Use Zelle® or other external payment apps to send money to friends and family quickly and securely
Checks are on us: Enjoy a complimentary box of checks when you open a new checking account
With our fee-free network of + Allpoint and Co-op ATMs, we've got you covered
Easy Access: 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 fee-free ATMs, 24/7 online and mobile banking, and early access to your paycheck
Yes, as an Access America Checking Account holder you can receive the following benefits:
An Access America Account must be opened with a minimum balance of $25.
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.
You will earn dividends with recurring direct deposits of $500 or more on a daily balance of up to $50,000 using the following tiers:
|
Daily Balance |
Dividend Rate |
Annual Percentage Yield |
|---|---|---|
|
$0 - $19,999.99 |
0.15% |
0.15% |
|
$20,000 or more, up to $50,000 |
0.35% |
0.35% |
Dividends are compounded monthly and credited to your account monthly.
Your debit card will arrive within 5 to 7 business days after your account is opened.
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 the branches. Your first set of 40 checks will be delivered for free within 7 to 10 business days after the order has been placed.
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.
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.
1Up to the national average of
% APY is based on the national average of checking account rates published in FDIC Weekly National Rates and Rate Caps accurate as of
.
2No monthly maintenance fees with a daily balance or monthly direct deposit of $500 or more.
3Account is a variable rate account. APY is valid as of last dividend declaration date of and subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open account. When an account is terminated prior to the end of a statement cycle, dividends will be paid if the aggregate deposit requirement is met on the date of account termination. Dividends are compounded daily and paid monthly.
4Early 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 payor's funding.
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.
6Rates 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.
7U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
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.
