PenFed Federal Credit Union Access America Checking

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 Tysons, VA. PenFed Federal Credit Union Access America Checking is available in 50 states (and Washington, DC).

Key Takeaways

• Higher than average APY. PenFed Federal Credit Union Access America Checking has an annual percentage yield of up to 0.35%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $500.
• $0 monthly account fees available. This account charges a monthly service fee of $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 Access America checking account Pros & Cons

Penfed Access America checking account FAQ

Are checking accounts from PenFed Credit Union federally insured?

Yes, your checking accounts are insured up to $250,000 per share owner for each account ownership category. 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 Access America checking account offer?

Penfed Access America checking account offers an APY starting at 0.15% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $500.

What are the account minimums for Penfed Access America checking account?

Penfed Access America checking account requires a minimum initial deposit of $25 to open an account.

What fees does Penfed Access America checking account charge?

The good news is that this account does not have a monthly Service Charge.

Does Penfed Access America checking account charge overdraft fees?

What features and perks does Penfed Access America checking account offer?

This account includes the following features:

• Mobile Banking Services - Penfed Access America checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.
• Soft credit pull - Penfed Access America checking account performs a soft credit pull so you can check whether you qualify without hurting your credit.

What is the customer support email for Penfed Access America checking account?

The customer support email for Penfed Access America checking account is info@hq.penfed.org.

How do people rate the customer service and user experience of Penfed Access America checking account?

Overall, Penfed Access America checking account is strongly recommended based on community reviews that rate customer service and user experience.