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
PENFED CHECKING
Free Checking
No monthly fees. No minimum balance requirements.
Free Checking is built with you in mind.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®.
Already have a PenFed checking account? Apply now for an Overdraft Line of Credit.3
Free Checking earns you more
MOBILE APP
Join Now to establish your membership by opening a Membership Regular Savings account
Set up online access under “First Time Logging In?” after clicking “Log In” at www.penfed.org
Navigate to the top of this page and click “Open Now” to open a Free Checking account
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.