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  PenFed Federal Credit Union Access America Checking

PenFed Federal Credit Union Access America Checking

in Checking Accounts from PenFed Credit Union · ncua

Claimed

PenFed Federal Credit Union Access America Checking

Claimed

in Checking Accounts from PenFed Credit Union · Insured by NCUA

SuperMoney Net Recommendation Score +71

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +71, equating to 4.4 on a 5 point rating scale.

+71

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 recommended

6 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
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%
Number of Reviews 7

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 0.4%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $500.
  • $0 monthly Service Charge available. This account charges a monthly service 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 Access America checking account Pros & Cons
Pros Cons
  • Monthly service fee waived (see terms for requirements).
  • Available in all 50 states.
  • Dividend-yielding account
  • Insured by NCUA.
  • Free debit card
  • No signup bonus.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
Penfed Access America checking account FAQ

Are checking accounts from PenFed Credit Union federally insured?

Yes, your PenFed Credit Union 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 0.2% and ranging up to 0.4% (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.

Penfed Access America checking account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.2% - 0.4%

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.

Penfed Access America checking account Account Minimums
Description Amount
Minimum Opening Deposit $25
APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Service Fee $500
Minimum Direct Deposit to Avoid Monthly Service Fee $500
Minimum Balance to Avoid Monthly Service Fee $500

What fees does Penfed Access America checking account 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

Does Penfed Access America checking account charge overdraft fees?

Yes, Penfed Access America checking account charges a $30 fee for every overdraft.

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.

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
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
  • Insured by NCUA
  • 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 +71, equating to 4.4 on a 5 point rating scale.

+71

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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