Access America Checking Account


Bank with Confidence: Access America Checking

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


1. Join Now to establish a PenFed membership.

2. Set up online access when you click “Log In” at

3. Navigate back to this page, and Open Now with your new Member login.

Access America Checking lets you bank your way

Two ways to avoid a $10 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  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 anytime, anywhere

  • Enjoy over  fee-free ATMs

  • Check your balance, view transactions, and manage your account 24/7 online or through our mobile app

  • Deposit checks right from your smartphone with mobile deposit

Get paid early


  • Set up your direct deposit from your employer or payor and get access to your money up to 1 day early.3

  • Save time. With direct deposit, your money is deposited to your account automatically without ever having to visit a branch or ATM

Earn up to the national average1 on your checking account balance with a direct deposit of $500 or more.


  Daily Balance
We use the account’s end of day balance to
calculate the dividends earned that day.



  Up to $ %  

  $ - $ %  

PenFed Mobile Deposit:
It's as easy as app, snap, tap

Disclosures Print Icon Print

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

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.

3Early access to direct deposit is available for all PenFed members regardless of account type, that set up a direct deposit with their employer or the other payor. Early direct deposit eligibility may vary between pay periods and timing of payers funding.

4Have peace of mind knowing that PenFed won’t hold you responsible for unauthorized transactions on your Visa debit card. Visa’s Zero Liability policy applies to purchases made in the store, over the telephone, online, or via a mobile device. Visa’s Zero Liability policy does not apply to transactions not processed by Visa.

5Rates and offers current as of  and are subject to change. After account opening, a three business day waiting period applies for credit line advances. This account can only be accessed by overdraft from a checking account. No other types of advances are permitted.

PenFed Power Cash Rewards VISA Signature Card


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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