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PenFed Checking Accounts Review

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Founded in 1935, PenFed is a federal credit union that draws its members from the general population. At one time, military affiliation was required, but this is no longer the case. The company offers many personal banking products, such as high-yield savings accounts, checking accounts, car loans, and mortgages.

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Get paid up to 2 days early with direct deposit1

  • No minimum balance, no monthly fees and no overdraft fees

  • Over 60,000 fee-free ATM locations2

  • Receive access to Chime Credit Builder Secured Visa® Credit Card3

  • Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC

1. Depends on the timing of the submission of the payment file from the payer

2. Terms Apply

3. See website for details