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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

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PenFed Federal Credit Union Access America Checking

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in Checking Accounts from PenFed Credit Union

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Monthly Fee $0 - $10
ATM Fee: Out-of-Network $1.50
Minimum Balance to Avoid Monthly Fee $500
APY (Annual Percentage Yield) 0.2% - 0.5%

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 0.5%, and you must keep a minimum balance of $500.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $10, but the fee is waived if you keep a minimum balance of $500 or have a monthly direct deposit of $500.
  • $25 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Hard credit pull. PenFed Credit Union may require a hard pull on your credit report to open a checking account.
PenFed Federal Credit Union Access America Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.
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 0.5% (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 (Annualized Percentage Yield) 0.2% - 0.5%

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 Initial 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
Monthly Fee $0 - $10
Paper Statement Fee $1.50
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1.50
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) $25
Wire Transfer Fee - International (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $5
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit N/A

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.
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.
  • 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 $500
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Initial Deposit $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
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) $25
Wire Transfer Fee - International (Outgoing) $30
ATM Fee: Out-of-Network $1.50
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) 0.2% - 0.5%

PenFed Federal Credit Union Access America Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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No one recommends Everyone recommends

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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