PenFed’s free checking account has no monthly fees or minimum balance requirements
PenFed Credit Union, the nation’s second-largest federal credit union, announced the launch of the PenFed Free Checking account. The new offering provides members with the convenience of a free checking account with no monthly fees or minimum balance requirements, as well as access to a fee-free ATM network of over 85,000 ATMs nationwide.
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“PenFed’s Free Checking account allows our members to do more of what they want wherever life takes them, with zero fees, zero minimums and zero hassle,” said PenFed’s Chief Marketing Officer and Senior Vice President Gaurav Bhatia. “PenFed is open to everyone who would like to experience the credit union difference and members can open a free checking account with as little as $25.”
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PenFed’s simple and easy checking account allows members to avoid the hassle of monthly maintenance fees and provides access to 24/7 digital banking with the PenFed Mobile App. Members can check their balances, view transactions and deposit checks from their phones with mobile deposit. Those who set up direct deposit can also get their paycheck up to one day early.
PenFed Free Checking account holders are also eligible to earn 2% cash back on every purchase with a PenFed Power Cash Rewards Visa Signature card.
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