You should receive an email confirmation with your transfer details.
Transfer Money
You can transfer money between your PenFed accounts, or between your PenFed accounts and registered external accounts.
You can make one-time or recurring transfers using PenFed Online or the PenFed Mobile app at no cost. If you want to make a transfer using an external account, you must first link an external account. If you want to transfer funds to another member's account using one of your PenFed accounts, contact us.
PenFed Mobile App
To make a mobile transfer from a PenFed account to an external account, you must first successfully complete that type of transfer on PenFed Online.
Tap the Menu icon (☰).
Tap Deposits & Transfers, then tap Transfer Money.
Select the transfer details, such as the accounts sending and receiving the transfer, amount, and frequency.
Tap Continue to review your transfer details.
Tap Submit to complete the transfer.
PenFed Online
Log in to PenFed Online.
Click the Transfers tab.
Click Transfer Funds.
Select the From and To accounts, then set the Amount, Frequency, and Transfer Date, and any other transfer options.
Note | If you select Weekly or Every Two Weeks for your recurring payment frequency, all future transfers will occur on the same day of the week that you select for the first transfer. If you select Every Month or Twice A Month, all future transfers will occur on the same date or dates that you select for the first transfer.
Click Continue.
Review the transfer details and click Submit.
Other Transfer Options
You can transfer money using other methods:
Zelle – Use Zelle to send money from your PenFed checking or savings account directly to a friend or family member within minutes.
Wire Transfers – Quickly send money to another financial institution, including some foreign banks.
Transfer by phone
If you are unable to accomplish this via PenFed Online, you may also contact a Member Service Representative at 1-800-247-5626. When speaking with a Member Service Representative, you will be asked for your account number and the ABA/routing number for the debiting financial institution.
Please note: ACH transactions requested by telephone or at a branch will be assessed a $5.00 fee, per transaction. If an ACH cannot be performed, a wire transfer may be required to deposit funds.