Direct Deposit allows your employer to deposit your pay directly into your account electronically.
Get a $250 bonus when you open a new Free Checking account
Earn more with this limited time bonus offer. Open a NEW PenFed Free Checking account by April 30, 2024 and direct deposit $1,500 or more per month for 2 consecutive months by June 30, 2024.
Direct Deposit allows your employer to deposit your pay directly into your account electronically.
Provide your employer or paying agency with your PenFed account number and our routing number (256078446).
Yes! Visit the Go Direct website at www.godirect.gov to sign up for direct deposit for your Social Security or other federal benefit payment.
If you have met the promotion requirements, you can expect to receive the $250 in your checking account 60 days after the promotion closes 6/30/24.
No. You have to setup direct deposit into your new PenFed Free Checking account and direct deposit at least $1,500 per month for 2 consecutive months by 11:59 pm EST on 6/30/24.
The number of direct deposits will vary based on your employer. To qualify for this bonus, the sum of your monthly direct deposits must be equal or greater than $1,500 for two consecutive months.
Yes. You will have met the minimum requirements of a total of $1,500 in direct deposits per month for two consecutive months.
Yes. The minimum amount to receive the $250 bonus is $1,500 total per month for 2 consecutive months. You can break the minimum dollar amount up as needed for your individual pay cycle.
Offer valid from 4/2/24 to 4/30/24. This exclusive Bonus Offer is only available for the original recipient of the email and cannot be shared or made eligible beyond the original recipient.
To receive the checking bonus: 1) Open a new PenFed Free Checking account by 04/30/2024, which is subject to approval; AND 2) Make a minimum of two direct deposits of $1,500 per month for 2 consecutive months into this checking account by 11:59 pm EST on 06/30/2024. Your direct deposits need 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. Please allow up to 60 days (from promotional close date of 6/30/2024) for the Bonus to appear in your account. Limit one credit per member. Your promotional bonus will be reported in your year-end Form 1099-INT as taxable income. The bonus will be credited to the account in the form of a statement credit. Your account must stay open and be in good standing when bonus is credited to your account.
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.