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PenFed Federal Credit Union Checking Account

in Checking Accounts from PenFed Credit Union

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PenFed Federal Credit Union Checking Account

Unaffiliated

in Checking Accounts from PenFed Credit Union

SuperMoney Net Recommendation Score -100% 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.

Strongly not recommended

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1 user doesn't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Monthly Fee $0 - $10
Minimum Balance to Avoid Monthly Fee N/A
ATM Fee: Out-of-Network $3
APY 0.2% - 0.5%

Overview

Where is PenFed Federal Credit Union Checking Account available?

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

Is PenFed Federal Credit Union Checking Account insured by the FDIC

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 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
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 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.
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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

Feature Breakdown

APY Minimum Balance $20,000
Minimum Initial Deposit $25
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500
Overdraft Protection Fee (per transfer) $0
Early Account Closure $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - Domestic (Incoming) $0
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 Item Fee $30
Returned Deposit Fee (Domestic) $5
Stop Payment Fee $15
Check Copy $1
Foreign Transaction Fee (Debit Card) 2%
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $30
Returned Deposit Fee (International) $5
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 0.2% - 0.5%

Reviews

 
 

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