Bank with Confidence: Access America Checking

No monthly service fees with daily balance or monthly direct deposit of $500 or more


Open an Access America Account and set up your PenFed membership.

1. Open an Access America Account

2. Apply for membership

3. Open a savings/share account with only $5

Access America Checking lets you bank your way

Two ways to avoid a monthly fee


  • Set up a monthly direct deposit of $500 or more


  • Maintain a daily balance of $500 or more


Earn More


  • Earn up to 12x the national average1 on your checking account balance with direct deposit of $500 or more
  • Earn % APY2 on daily balances less than $
  • Earn % APY2 on daily balances between $ to $

Bank Anywhere


  • Enjoy over  fee-free ATMs
  • Visit fee-free ATMs conveniently located at retailers near you
  • Withdraw cash and check balances wherever you go


Bank Anytime


  • Check your balance, view transactions, and manage your account 24/7 online or through our mobile app
  • Deposit checks right from your phone with mobile deposit
  • Keep track of your finances online or on your phone with Bill Pay


1The rate for our Checking Account is up to 12x the national average of 0.04% APY, based on the national average of checking accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of 7/1/2020.

2Account 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.

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+ ATMs

Where’s an ATM when you need it? Get access to our network of Allpoint and CO-OP ATMs, giving you access to more machines than the leading banks.

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Safety & Security 

With PenFed's $0 Liability Policy on unauthorized purchases and chip-enabled cards, PenFed knows security. We started PenFed to serve those who protect us, and we’re committed to protecting you.

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Overdraft Protection

Our overdraft protection is a line of credit and is subject to credit approval. 

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Digital Wallets

PenFed digital wallet allows you to pay safely and securely from your iPhone, Android, or Samsung phone. Wherever you go, take your bank account with you. We want you to keep moving forward.

Conveniently Located Near You    Find an ATM

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Access America Checking earns you more

As an Access America Checking account holder, you can earn 2% cash back on everything you purchase with a PenFed Power Cash Rewards Visa Signature® card


try our mobile app


Wherever you go,
take PenFed with you!

The PenFed Mobile banking app provides around-the-clock access to your PenFed accounts. Get transaction details, transfer balances, track loan application status, and much more! Deposit checks quickly and easily with your smartphone or tablet.



When will I receive my debit card?

How can I deposit funds into my account?

How can I withdraw money from my account?

Are there any requirements to earning dividends?

When will I start to earn dividends on my deposit?

How are dividends on my deposits calculated?

Does my checking account provide the option to enroll in overdraft protection?

How can I order checks?

Do I get any special benefits for being an Access America Checking Account holder?

Why choose PenFed?

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