• Premium checking that pays you back

    Superior Dividends

    Earn cash on your deposits every day.*

    *Earn dividends with direct deposits of $1,000 or more and a daily balance of up to $50,000 per statement cycle.1

    ** Please note that this is a variable rate account. Tiers and dividend rates are subject to change.

    24/7 Access

    Anytime. Anywhere
    • Free online bill payment

    • Overdraft protection

    • Mobile Check Deposit

    Learn more about the PenFed Mobile App Learn More

    Excellent Terms

    We keep it simple.

    No monthly service fee with a daily balance or a monthly direct deposit of $500 or more.

    $25 Minimum Opening Deposit

    Identity Theft Protection

    Protect your sensitive information better
    Also, enjoy peace of mind from these exclusive benefits with enrollment:
    • Credit report monitoring by Equifax®

    • Automatic fraud alerts3

    • Up to $25,000 of Identity Theft Insurance4

    • WebDetectTM5 scans the web for suspicious use of your personal info

    PenFed Debit Card & ATMs

    Safe. Simple. Seamless.

    Shop securely in-store, online or by phone

    Pay more securely at millions of locations worldwide where chip-enabled cards are accepted.

    24/7 Access Anytime. Anywhere. Use Your Debit Card at ATMs, in store purchases, online or by phone.

    Shop with confidence knowing that PenFed's $0 Liability Policy on unauthorized purchases has you covered.

    Find ATMs Near You

    Unparalleled Service

    You're a member, not a number
    Our online and mobile banking experience is world-class, and Member Service is there to answer your call. Tap into our low-rate Auto Loans, Credit Cards, Mortgages, and many other benefits. DO BETTER with an Access America Checking Account today!
    Premium checking that pays you back

    1 Dividends
    Account is a variable rate account. APY is valid as of last dividend declaration date of September 12, 2016. APY and tiers are 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 direct deposit requirement is met on the date of account termination. Dividends are compounded daily and paid monthly.

    2 Value
    For primary account holders, no payment is required for the first year. Twelve months after your account opening date, you will be able to continue your subscription at a cost of $2.95 per month. If you agree to continue your subscription, the $2.95 fee will be charged each month to your PenFed Access America account. Access America joint account holders are offered the product for $2.95 per month. After you successfully complete enrollment in the identity theft protection product, PenFed will charge your Access America account $2.95 each month you continue your subscription. You may cancel at any time; however, we do not provide partial or full refunds. A minimum $25 opening deposit is required.

    3 Fraud Alerts
    The Automatic Fraud Alert feature is made available to consumers by Equifax® Information Services LLC and fulfilled on its behalf by Equifax® Consumer Services LLC.

    4 WebDetect™
    WebDetect™ will scan for your Social Security number (if you choose to), up to 5 bank account numbers, up to 6 major credit/debit card numbers you provide, up to 3 email addresses, up to 10 medical ID numbers, and up to 5 passport numbers. WebDetect scans thousands of internet sites where consumers' personal information is suspected of being bought and sold, and is constantly adding new sites to those it searches. However, the internet addresses of these suspected internet trading sites are not published and frequently change, so there is no guarantee that WebDetect is able to locate and search every possible internet site where consumers' personal information is at risk of being traded.

    5 Identity Theft Insurance
    Identity theft insurance is underwritten by subsidiaries or affiliates of American International Group, Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions and exclusions of coverage. Coverage may not be available in all jurisdictions.