Free Checking is built with you in mind

A Free Checking account offers no monthly service fees and no monthly minimum balance requirements. Certain account activity fees still apply, including but not limited to outgoing wire transfer and stop payment fees. Please see PenFed Service Fees for a full list of associated fees.

1. Electronic Funds Transfer - You can send funds from your external bank account using your PenFed account number and the PenFed routing number: 256078446.
2. Mobile Check Deposit - Download our mobile app.
3. Internal Transfer – Use an existing PenFed account.
4. Cash and Check Deposit – Visit a PenFed branch location or use a branch ATM.
5. 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.

1. 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

2. 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.

Your debit card will arrive within 5 to 7 business days after your account is opened.

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.

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 our branches. Your first set of 40 checks will be delivered for free within 7 to 10 business days after the order has been placed.

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.