Features & Benefits
Move money with ease
In-store deposits: Use a secure barcode to deposit cash instantly7
Pay bills anytime: Pay bills from anywhere with just a few clicks
Transfer funds instantly: Move money between your PenFed accounts in seconds
Free checks: Get a box of checks when you open a new checking account
Need cash?
With our fee-free network of + Allpoint and Co-op ATMs, we've got you covered
Easy Access: Find fee-free PenFed ATMs at familiar spots like Target®, CVS Pharmacy®, Circle K®, Winn-Dixie®, Rite Aid®, Kroger®, Speedway®, and Safeway®
Get excited for PenFed’s new mobile banking experience. For current and new customers, our mobile app is your gateway to a brighter financial future.
Bank anywhere, anytime
Deposit checks securely with your phone
Check balances and view transactions
View your latest FICO® Score
Bill pay, transfer funds, and more
Avoid overdraft fees with linked Premium Online Savings or a line of credit
Overdraft from Savings: Access your Premium Online Savings to cover insufficient funds in your checking account without incurring a fee
Overdraft Line of Credit: Overdraft lines of $ and up, which are subject to credit approval. Enjoy a fixed rate of
% APR5
Make the most of your money
Enjoy fee-free ATMs, 24/7 online and mobile banking, and early access to your paycheck
Easily waive the $10 monthly fee
- Set up a monthly direct deposit of $500 or more
OR - Maintain a daily balance of $500 or more
24/7 banking
- Check your balances and transactions anytime, anywhere
- Go paperless with digital banking
- Pay bills and transfer funds easily
- Stay informed with instant transaction alerts
Get paid early
- When we receive your direct deposit information from your employer, we make your pay available to you up to 2 days early3
Debit card controls
- Manage your card: Request a new card, lock your card, add authorized users, and more!
- Pay with ease: Use your smartphone or contactless Visa® debit card for convenient payments
- Protect your device: Safeguard your cell phone with your PenFed debit card
- Enjoy peace of mind: Benefit from zero liability protection4 in case of unauthorized transactions
Deposit checks without leaving your couch
With the PenFed mobile app, you can handle it all from your phone.
Making deposits has never been easier. With PenFed’s mobile app, mobile deposits is fast, simple and secure right from your mobile phone!
How it works
Log in: Open the PenFed mobile app
Select: “Deposit”
Choose: “Deposit To Account” and “Deposit Amount”
Snap: Take photos of the front and back of the signed check
Tap: Press “Continue” and your money is on its way to your PenFed account
Checking elevates your credit card rewards
Pair your checking and credit cards, and you can enjoy % Cash back on all purchases with your Power Cash Visa® Credit Card and/or
points on all travel plus a $
annual fee waiver with your Pathfinder Visa® Credit Card.
FAQs
Yes, as an Access America Checking Account holder you can receive the following benefits:
- Earn
% cash back on all purchases using PenFed’s Power Cash Rewards Visa Signature® Card.
- Earn
the points on travel and waive the $95 annual fee with PenFed’s Pathfinder® Rewards Visa Signature® Card.
An Access America Account must be opened with a minimum balance of $25.
- Electronic Funds Transfer - You can send funds from your external bank account using your PenFed account number and the PenFed routing number: 256078446.
- Mobile Check Deposit - Download our mobile app.
- Internal Transfer – Use an existing PenFed account.
- Cash and Check Deposit – Visit a PenFed branch location, branch ATM, or participating retailers (Cash deposit only).
- Mail a check – Follow the instructions below:
- Print the following deposit voucher: (Form 451W.pdf)
- Complete all fields in Section 1 and Section 2 and enter your account number in Section 3.
- Mail the check with your voucher to:
PenFed Credit Union
Box 247009
Omaha, NE 68124-7009
Note: Please allow 5-7 business days for USPS mail delivery time.
- Log in to PenFed Online or the PenFed Mobile app to:
- Perform an online transfer to an internal or external bank account
- Write a check
- Use online bill pay
- Wire transfer
- Cash Withdrawal
- Use your PenFed Debit Card at an ATM or at a point of sale with merchants that offer cash back.
- Visit a PenFed branch location
Generally, when you request an electronic transfer or make a check deposit, your funds will be available for withdrawal no later than the 5th business day after you initiate your transaction at PenFed.
You will earn dividends with recurring direct deposits of $500 or more on a daily balance of up to $50,000 using the following tiers:
|
Daily Balance |
Dividend Rate |
Annual Percentage Yield |
|---|---|---|
|
$0 - $19,999.99 |
|
|
|
$20,000 or more, up to $50,000 |
|
|
Dividends are compounded monthly and credited to your account monthly.
Your debit card will arrive within 5 to 7 business days after your account is opened.
Yes, you can enroll in overdraft protection through Overdraft from Savings or an Overdraft Line of Credit. For more information please visit our Overdraft Protection page.
You can order checks online, by phone, or in the branches. Your first set of 40 checks will be delivered for free within 7 to 10 business days after the order has been placed.
Access to PenFed's ATM network — PenFed, Allpoint and Co-op — will be free. This includes both withdrawals and balance inquiries. PenFed will not charge an out-of-network ATM fee, but out-of-network ATM fees may be levied by the financial institution that owns the ATM, and fees will vary depending on the financial institution that owns the ATM.
As an -year-old Financial Institution, we’ve stood by our members through thick and thin. We’re not just a credit union. We’re your partner. Becoming a PenFed member means never facing a financial decision alone.
Disclosures
1
No monthly maintenance fees with a daily balance or monthly direct deposit of $500 or more.
2
Account is a variable rate account. APY (Annual Percentage Yield) 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 monthly and paid monthly.
3
Early access to direct deposit is available for all PenFed members that set up a direct deposit with their employer or other payor. Early direct deposit eligibility may vary between pay periods and timing of payor's funding.
4
Have 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.
5
Rates 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.
6
U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
2023 Early Warning Services, LLC. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
7
VanillaDirect Pay is provided by InComm Financial Services, Inc. (NMLS# 912772), which is licensed as a Money Transmitter by the New York State Department of Financial Services. Terms and conditions apply. Web access is needed to use mobile banking and Add Cash in Store. Check with your service provider for details of specific fees and charges. Add Cash in Store transaction limits apply: For each member, the monthly limit for adding cash in store is $5,000 or no more than 10 transactions per month. The daily limit is $1,500. The first three (3) add Cash in Store transactions are free per month. After that, there is a $2 fee per transaction. Routine or unscheduled maintenance may impact accessibility. PenCheck Limited accounts are not eligible. PenFed Credit Union does not provide, endorse or guarantee any third-party product, service, information or recommendation listed above. The third parties listed above are not affiliated with PenFed Credit Union and are solely responsible for their products and services. All trademarks are the property of their respective owners.