Earn up to $3001
Open a new Checking account and enjoy your bonus!
Get up to $300 when you:
Open a new PenFed Checking account by June 30, 2026.
Make deposits from June 1, 2026 until June 30, 2026 from an external account into your PenFed Checking account to reach the balance level for the promotion.
Maintain the required minimum daily balance level (see table below) in your PenFed Checking account until October 31, 2026. The cash bonus will be deposited in your account by December 31, 2026.
|
Balance Level |
Bonus |
|---|---|
|
$20,000 |
$300 |
|
$15,000 |
$225 |
Eligibility
Maintain the required minimum daily balance level (see table above) in your PenFed Checking account until October 31, 2026. The cash bonus will be deposited in your account by December 31, 2026.
FAQs
Balance level is the daily balance you have in your PenFed Checking account. During the promotion period, your daily balance must stay above the threshold amount in the table above to receive the bonus.
Yes, you can use the money in your account for whatever you need. Just make sure that during the promotion period your daily balance stays above the threshold amount in the table above to receive the bonus.
The bonus will be paid to the PenFed Checking account no later than December 31, 2026.
No, this offer is non-transferable and is only available for the original recipient and can not be shared.
Disclosures
Federally Insured by NCUA.
1Offer Period from 6/1/26 to 6/30/26 at 11:59 p.m. EST. Offer is only valid for new PenFed checking accounts; other existing accounts are not eligible for this Offer. This exclusive Bonus Offer is only available for the original recipient and cannot be shared or made eligible beyond the original recipient.
Offer Details: During the Offer Period or before 11:59 p.m. EST on 6/30/26, open a PenFed Free Checking or Access America Checking account and make deposits from an external account into your PenFed Checking account to reach the balance level for the promotion. New deposits are defined as funds deposited into your PenFed Checking account from an account not affiliated with PenFed. Funds transferred internally between PenFed accounts do not qualify as "New Deposits".
During the Promotion Period (6/30/26 – 10/31/26), your daily balance level must stay above the threshold amount on the chart to receive the bonus. If the daily balance falls below the balance level, your bonus amount will be decreased, or you may not qualify for the bonus. See chart below.
Your promotional bonus will be reported in your year-end Form 1099-INT as taxable income. To remain eligible, your checking account must stay open and be in good standing to receive the bonus. Maximum bonus received is $300 per member. Your Bonus will be credited to your checking account. Please allow up to 60 days after the Promotion Period for the Bonus to appear in your account.
Access America Checking - APY (Annual Percentage Yield) of 0.05% applies to accounts with a daily balance of $20,000-$50,000 and a monthly direct deposit of $500 or more. APY of 0.05% applies to accounts with a daily balance less than $20,000 and a monthly direct deposit of $500 or more. APYs are valid as of last dividend declaration date of and are subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open an 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.