PENFED CHECKING

Free Checking

No monthly fees. No minimum balance requirements.

Free Checking is built with you in mind.

Not a problem, anyone can join. Become a member by opening a Membership Regular Savings Account.

Then apply for a Free Checking account to enjoy all of the benefits of a checking account with no monthly fees.

A simple and easy checking account

No Monthly Fee

 
  • Don’t pay to access your own money - avoid the hassle of monthly maintenance fees
  • Open an account with as little as $25

Fee-Free ATM Network

  • Enjoy over fee-free ATMs nationwide
  • Access Allpoint and Co-op ATMs located in many well known retailers

24/7 Digital Banking

 
  • Check your balance, view transactions, and manage your account 24/7 online or through our mobile app
  • Deposit checks right from your phone with mobile deposit

Get Paid Early

 
  • Set up direct deposits and get your paycheck up to 2 days early1
  • When we receive your direct deposit information from your employer, we make your pay available to you up to 2 days early1

Additional Features & Benefits

Fee-Free ATMs

Fee-free ATM Locations

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®.

 

FIND A LOCATION

PENFED HONORS ADVANTAGE

Free Checking earns you more

As a Free Checking account holder, you can earn 2% cash back on everything you purchase with a PenFed Power Cash Rewards Visa Signature® card.

MOBILE APP

Wherever you go, take your Free Checking account

Not a problem, anyone can join. Become a member by opening a high-yield savings account, earning the national average.

Then apply for a Free Checking account to enjoy all of the benefits of a checking account with no monthly fees.

 

FAQ

Are there any account fees?

Is ATM usage free?

How can I deposit funds into my account?

How can I withdraw money from my account?

Does my checking account provide the option to enroll in overdraft protection?

When will I receive my debit card?

How can I order checks?

Why choose PenFed?

Disclosures

1Early 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.

2Have 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.

3Rates 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.

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