What are the benefits of a PenFed account?

PenFed accounts offer up to 4 times the national average APY on their Access America checking account, providing customers with significantly higher interest earnings compared to traditional banks.

PenFed's digital wallet capabilities allow members to securely store and use their debit and credit cards on their smartphones, enabling contactless payments at millions of merchants.

PenFed provides early direct deposit for its members, allowing them to access their paychecks up to 2 days earlier than with traditional banks.

PenFed's Free Checking account has no monthly maintenance fees or minimum balance requirements, making it an attractive option for customers who want to avoid hidden banking fees.

PenFed offers an overdraft protection service that automatically transfers funds from a linked savings account to cover any overdrafts on a checking account, helping members avoid costly overdraft fees.

PenFed members can take advantage of discounted pricing and protection plans when purchasing a vehicle through the credit union's TrueCar partnership.

PenFed's mobile banking app allows customers to manage their accounts, make transfers, and deposit checks remotely, providing convenient access to their finances on the go.

PenFed's Loan Center provides members with a centralized platform to explore and apply for various loan products, such as mortgages, auto loans, and personal loans, all in one place.

PenFed's Free Checking account offers Visa debit card benefits, including purchase protection, extended warranty coverage, and emergency card replacement, providing added security and peace of mind for members.

PenFed's commitment to technology and innovation has resulted in the development of biometric authentication features, such as fingerprint and facial recognition, to enhance the security of its mobile banking platform.

PenFed's strong financial standing, with assets exceeding $25 billion and more than 18 million members, ensures the credit union's stability and reliability for its customers.

PenFed's member-focused approach means that any profits generated by the credit union are reinvested back into the organization, allowing for the continued improvement and expansion of its products and services.

PenFed's robust online banking platform provides members with 24/7 access to their accounts, enabling them to securely manage their finances from the comfort of their own homes or on-the-go.

PenFed's member-exclusive discounts and rewards programs offer customers opportunities to save on various goods and services, such as travel, entertainment, and retail purchases.

PenFed's streamlined account opening process, which can be completed entirely online, makes it easy for new members to join the credit union and start taking advantage of its benefits.

PenFed's advanced fraud monitoring and detection systems help to safeguard members' accounts and personal information, providing an additional layer of security for their financial well-being.

PenFed's personalized financial counseling services offer members the opportunity to work one-on-one with knowledgeable professionals to develop tailored strategies for achieving their financial goals.

PenFed's user-friendly mobile app, which has been consistently highly rated by customers, makes it simple for members to manage their accounts, make payments, and access their finances from anywhere.

PenFed's commitment to environmental sustainability is reflected in its ongoing efforts to reduce its carbon footprint and promote green initiatives, demonstrating the credit union's holistic approach to serving its members and the community.