Earn up to the national average1
Easily avoid monthly fees2
| Daily Balance We use the account’s end of day balance to calculate the dividends earned that day. |
APY3 |
| Up to $ |
|
| $ |
Where’s an ATM when you need it? Get access to our + fee-free ATM network of Allpoint and Co-op ATMs, giving you access to more machines than the leading banks.
Easy Access: Fee-free PenFed ATMs are located at many well known retailers such as Target®, CVS Pharmacy®, Circle K®, Winn Dixie®, Rite Aid®, Kroger®, Speedway®, and Safeway®.
FAQs
Yes, as an Access America Checking Account holder you can receive the following benefits:
An Access America Account must be opened with a minimum balance of $25.
1. Electronic Funds Transfer - You can initiate an electronic funds transfer at PenFed to deposit funds from an external bank account. All you need is the ABA routing number and account number of the other institution. PenFed’s routing number is 256078446.
2. Mobile Deposit – You can download our mobile app and use Mobile Deposit.
3. Internal Transfer from your PenFed account.
4. Mail - You can mail a check (with your account number written on the check) to: PenFed, Box 247009, Omaha, NE, 68124-7009.
Make your check out to yourself or PenFed Credit Union and mail the check with your voucher to:
1. Print your deposit/payment voucher (Form 451W.pdf)
2. Complete all required fields in Section 1 and 2. Enter your Premium Online Savings account number in Section 3
3. Make your check out to yourself or PenFed Credit Union and Mail the check with your voucher to:
PenFed Credit Union
Box 247009
Omaha, NE 68124-7009
o You can withdraw money from your account in the following ways:
o Branch Networks and PenFed Branches in the US
o Online transfer to an external bank account
o Use online bill pay
o Wire transfer
Generally, when you request an electronic transfer or make a check deposit, our 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 |
0.15% |
0.15% |
|
$20,000 or more, up to $50,000 |
0.35% |
0.35% |
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 (penfed.org) 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 day after the order has been placed.
Access to PenFed's ATM network -- PenFed, Allpoint and Co-op -- will be free. This includes both withdrawal and balance inquiry. PenFed will not charge an out-of-network ATM fee, but out-of-network ATM fee 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 85-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.
1Up to the national average of
% APY is based on the national average of checking account rates published in FDIC Weekly National Rates and Rate Caps accurate as of
.
2No monthly maintenance fees with a daily balance or monthly direct deposit of $500 or more.
3Account 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.
4Early 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 payors funding.
5Have 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.
6Rates 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.
7U.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.
