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PenFed Federal Credit Union Access America Checking

in Checking Accounts from PenFed Credit Union · Member ncua

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PenFed Federal Credit Union Access America Checking

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in Checking Accounts from PenFed Credit Union · Member NCUSIF

Net Recommendation Score +50

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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3 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

Rating not yet determined  

Monthly Fee $0 - $10
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $500
APY (Annual Percentage Yield) 0.2% - 0.4%

PenFed Federal Credit Union Access America Checking Review

PenFed Federal Credit Union Access America Checking is offered by PenFed Credit Union, a credit union founded in 1935 and based in Alexandria, VA. PenFed Federal Credit Union Access America Checking is available in 50 states (and Washington, DC).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.4%.
  • $0 monthly maintenance fee available. This account charges a monthly maintenance fee of up to $10, but the fee is waived if you keep a minimum balance of $500, have a monthly direct deposit of $500, or $500 combined balance accross eligible accounts..
  • No ATM fees. PenFed Federal Credit Union Access America Checking does not charge fees on ATM transactions.
  • Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.
PenFed Federal Credit Union Access America Checking Pros & Cons
Pros Cons
  • Monthly mainteance fee can be waived.
  • Available in all 50 states.
  • Interest-yielding account.
  • Deposits are insured by the NCUA (up to $250K).
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
PenFed Federal Credit Union Access America Checking FAQ

Are checking accounts from PenFed Credit Union federally insured?

Yes, your PenFed Credit Union checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does PenFed Federal Credit Union Access America Checking offer?

PenFed Federal Credit Union Access America Checking offers an APY starting at 0.2% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $500.

PenFed Federal Credit Union Access America Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.2% - 0.4%

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

PenFed Federal Credit Union Access America Checking requires a minimum initial deposit of $25 to open an account.

PenFed Federal Credit Union Access America Checking Account Minimums
Description Amount
Minimum Opening Deposit $25
APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Balance to Avoid Monthly Fee $500

What fees does PenFed Federal Credit Union Access America Checking charge?

The good news is that this account does not have a monthly service charge.

PenFed Federal Credit Union Access America Checking Fees
Description
ATM Fee: In-Network $0
Check Copy $1
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0 - $10
NSF Fee $30
Online Bill Pay Fee $0
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $1.50
Returned Deposit Fee (Domestic) $5
Returned Deposit Fee (International) $5
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $30
ATM Fee: Out-of-Network $0

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

This account includes the following features:

  • Mobile Banking Services - PenFed Federal Credit Union Access America Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
  • Soft credit pull - PenFed Federal Credit Union Access America Checking performs a soft credit pull so you can check whether you qualify without hurting your credit.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • 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

Feature Breakdown

APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee $500
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
Check Copy $1
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0 - $10
NSF Fee $30
Overdraft Item Fee $30
Paper Statement Fee $1.50
Returned Deposit Fee (Domestic) $5
Returned Deposit Fee (International) $5
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $30
Bank Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Protection
  • Soft Credit Pull
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • NCUA Member
  • Teen Checking Account
APY (Annual Percentage Yield) 0.2% - 0.4%

PenFed Federal Credit Union Access America Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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