FAQs
Yes, as an Access America Checking Account holder, you are exclusively eligible to earn 2% cash back on all purchases using PenFed’s Power Cash Rewards Visa Signature® Card.
Make the most of your money with Access America Checking
Earn up to 5X the national average1
Easily avoid monthly fees2
Additional Features & Benefits
Fee-free ATM Locations
Where’s an ATM when you need it? Get access to our + fee-free ATM network of Allpoint and Co-op ATMs, giving you access to more machines than the leading banks.
Easy Access: Fee-free PenFed ATMs are located at many well known retailers such as Target®, CVS Pharmacy®, Circle K®, Winn Dixie®, Rite Aid®, Kroger®, Speedway®, and Safeway®.
Easily send money with Zelle®
Fast: Send money directly from your account to theirs, typically in minutes4.
Easy: Send money using just their U.S. mobile number or email address.
Free: There are no fees to send money with Zelle® from our online or mobile banking app.
Overdraft Protection
Set up overdraft protection for your checking account
- 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
Bill Pay and More
- Pay Bills From Any Location: Enjoy the convenience of making payments from your laptop, tablet or mobile phone
- Easy Set Up and Convenient Access: Enroll in Bill Pay within seconds and begin paying bills any time of the day or night
- No Monthly Service Charge: Account holders receive all the benefits of Online Bill Pay for free
- Checks: Receive your first box of 40 checks for free
- Safety & Security: Rest easy knowing that if your debit card is lost or stolen, you won’t be responsible for any unauthorized charges2
- Cell Phone Protection: Protect your cell phone every time you pay your bill. When you pay your monthly wireless bill with your covered PenFed debit card, your cell phone is protected for the next calendar month. So, you can be reimbursed if your cell phone is stolen or damaged.
1. Electronic Funds Transfer - You can initiate an electronic funds transfer at PenFed to deposit funds from an external bank account. All you need is the ABA routing number and account number of the other institution. PenFed’s routing number is 256078446.
2. Mobile Deposit – You can download our mobile app and use Mobile Deposit.
3. Internal Transfer from your PenFed account.
4. Mail - You can mail in a check (with your account number written on the check) to: PenFed, Box 247009, Omaha, NE, 68124-7009.
You can withdraw money from your account in the following ways:
- No-fee cash withdrawals at
+ ATMs through Allpoint Network, CO-OP Shared Branch Networks and PenFed Branches in the US
- Use your debit card for purchases
- Online transfer to an external bank account
- Use online bill pay Write a check Wire transfer
Your debit card will arrive within 5 to 7 business days after your account is opened.
You will earn dividends with recurring direct deposits of $500 or more on a daily balance of up to $ using the following tiers:
Daily Balance |
Dividend Rate |
Annual Percentage Yield |
$ |
|
|
$ |
|
|
Dividends are compounded daily and paid monthly.
Yes, you can link your checking account to an Overdraft Line of Credit if you qualify. As this is a line of credit, it is subject to credit approval.
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.
As an 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.
Disclosures
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 payors 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.