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PenFed Federal Credit Union Checking Account

in Checking Accounts

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PenFed Federal Credit Union Checking Account

Unaffiliated

in Checking Accounts

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Overview

Where does PenFed Federal Credit Union Checking Account do business?

PenFed Federal Credit Union Checking Account is a credit union based in Alexandria, VA. It was founded in 1935 and offers checking accounts services in 50 states (and Washington, DC).

PenFed Federal Credit Union Checking Account is not a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are not covered by the FDIC if PenFed Federal Credit Union Checking Account were to fall into financial difficulties.

What APY does PenFed Credit Union offer?

PenFed Federal Credit Union Checking Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) .20% - .50%

PenFed Federal Credit Union Checking Account offers an APY starting at .20% and ranging up to .50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $20000.

What are the account minimums for PenFed Federal Credit Union Checking Account?

PenFed Federal Credit Union Checking Account does not have a minimum initial deposit to open an account.
PenFed Federal Credit Union Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $25
APY Minimum Balance $20,000
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500

What features and perks does PenFed Federal Credit Union Checking Account offer?

This account includes the following features:

  • Mobile Banking - PenFed Federal Credit Union Checking Account allows you to manage your money on the go without ever having to step in a brick-and-mortar bank. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What fees does PenFed Federal Credit Union Checking Account charge?

The good news is that this account does not charge a monthly maintenance fee.

PenFed Federal Credit Union Checking Account Fees
Fees Amount
ATM In-Network Fee $1.50
ATM Out-Of-Network Fee $3
Check Copy Fee $1
Non-Sufficient Funds $30
Overdraft Item Fee $30
Returned Deposit Fee (International) $5
Outgoing Domestic Bank Transfer Fee $20
Outgoing International Bank Transfer Fee $30
Paper Statement Fee $1.50

What features and perks does PenFed Federal Credit Union Checking Account offer?

This account includes the following features:

  • Mobile Banking - PenFed Federal Credit Union Checking Account allows you to manage your money on the go without ever having to step in a brick-and-mortar bank. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Reviews

 
 

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