Open a checking account today and enjoy your reward!

Federally Insured by NCUA. To receive any advertised product, you must become a member of PenFed Credit Union. © 2024 Pentagon Federal Credit Union.

This exclusive Bonus Offer is only available for the original recipient and cannot be shared or made eligible beyond the original recipient.

¹In order to receive the checking bonus: 1) Open a new PenFed Free checking or Access America checking account by 07/31/24 which is subject to approval; AND 2) Make direct deposits totaling $1,500 or more per month for 2 consecutive months into this checking account by 11:59 p.m. EST on October 31, 2024. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or government. Person to Person payments (such as Zelle®) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. Upon meeting the Offer qualifications, you will receive the $250 bonus. Bonus will be deposited directly into the account. Your account must stay open and be in good standing when the bonus is credited to your account. Limit one credit per member. Your new checking account must remain open and in good standing to qualify. Your promotional bonus will be reported on your year-end Form 1099-INT as taxable income. The credit will be applied to your account within 60 days after the Promotional Close Date.

Qualifying direct deposits are defined as deposits from an enrolled member’s employer, payroll or benefit provider (such as Social Security) via ACH deposit. Deposits that are not from an employer (such as check deposits, P2P transfers such as PayPal® or Venmo®, etc., merchant transactions such as from PayPal®, Stripe ®, Square ®, etc. and back ACH transfer not from employers) do not qualify for this promotion.

We reserve the right to modify or revoke this Offer at any time, without notice. If we determine that abuse or gaming has occurred in connection with this Offer, your eligibility and bonus may be null and void.

Access America Checking - APY (Annual Percentage Yield) of % applies to accounts with a daily balance of $20,000-$50,000 and a monthly direct deposit of $500 or more. APY of % applies to accounts with a daily balance less than $20,000 and a monthly direct deposit of $500 or more. APYs are valid as of last dividend declaration date of and are subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open an account. When an account is terminated prior to the end of a statement cycle, dividends will be paid if the aggregate direct deposit requirement is met on the date of account termination.