Warrior's Advantage

PenFed is proud to announce the launch of Warriors AdvantageSM—our newest money-saving feature for members in the Active, Reserve, and National Guard components of our uniformed services.

The Warriors AdvantageSM program waives the fees on PenFed checking accounts in cases of:

  • Insufficient Funds
  • Uncollected Funds
  • Returned ACHs

This fee waiver is in addition to the $500 overdraft line of credit PenFed automatically provides to all qualifying members.

We’re proud to be the first in our industry to make this ground-breaking offer to those who serve our nation.


Warriors Advantage waives the checking account fees associated with instances of insufficient funds, uncollected funds, and returned ACHs for up to two occurrences in a rolling three-month period. If there are three or more such occurrences within the same three-month period, the member must have no additional incidents for the following six months in order to re-qualify for the fee waiver.