SuperMoney 
  PenFed Federal Credit Union Checking Account

PenFed Federal Credit Union Checking Account

in Checking Accounts from PenFed Credit Union

Unaffiliated

PenFed Federal Credit Union Checking Account

Unaffiliated

in Checking Accounts from PenFed Credit Union

Net Recommendation Score 0% 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.

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
1 user recommends
0 users are unsure
1 user doesn't recommend
Cast your vote
Cast your vote

Would you recommend PenFed Federal Credit Union Checking Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Monthly Fee $0 - $10
Minimum Balance to Avoid Monthly Fee N/A
ATM Fee: Out-of-Network $3
APY (Annual Percentage Yield) 0.20% - 0.50%

PenFed Federal Credit Union Checking Account Review

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

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 Credit Union offer?

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.

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

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

PenFed Federal Credit Union Checking Account requires a minimum initial deposit of $25 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 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
Description
Monthly Fee $0 - $10
Paper Statement Fee $1.50
ATM Fee: In-Network $1.50
ATM Fee: Out-of-Network $3
NSF Fee $30
Overdraft Protection Fee (per transfer) $0
Overdraft Item Fee $30
Early Account Closure $0
Returned Deposit Fee (Domestic) $5
Debit Card Replacement Fee $0
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $15
Check Image Service N/A
Check Copy $1
Foreign Transaction Fee (Debit Card) 2%
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $5
Wire Transfer Fee - Domestic (Incoming) $0

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

This account includes the following features:

  • Mobile Banking Services - PenFed Federal Credit Union Checking Account 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.
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...

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

Feature Breakdown

APY Minimum Balance $20,000
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Initial Deposit $25
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: In-Network $1.50
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 $15
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $30
ATM Fee: Out-of-Network $3
Bank Account Features
  • Bauer Financial A+/A Rating
  • Debit Card
  • Fraud Protection
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • NCUA Member
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.20% - 0.50%

PenFed Federal Credit Union Checking Account Community Reviews

 

Would you recommend PenFed Federal Credit Union Checking Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Checking Accounts

Axos Bank Rewards Checking
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews

USAA Classic Checking Account
Mostly recommended

6 Reviews