Everything About PenFed Service Fees [PenFed Fees]

If you are looking for the best credit union company that comes with great service, then you easily go with PenFed Credit union. It is one of the largest credit unions in the United States that offers saving and checking accounts, online banking, credit cards, loans, mortgages, money market service, and more to the military, government, and normal citizens.

You can easily become a member of the PenFed and enjoy its services after you are qualified. After you join a PenFed credit union, then you can register to PenFed online banking so that you can access it online mobile banking. You can do all your transaction or transfer within your device through the PenFed mobile app and website.

But everything comes with a price. This means you have to pay a certain amount of money or there are certain charges which you need to bear to enjoy the services of PenFed.

So, in this article, we will talk about the overall PenFed service fees.

PenFed Credit Union Service Fees

PenFed provides a wide range of services to its members. If you are using any one of the services of PenFed, then you have to pay charges for it. Some of the services of the PenFed are free to use, but some of them charge you a little bit which is less than other credit union or a bank.

So, if you are wondering how much PenFed services cost you monthly or yearly, then take a look at the following all services charges of the PenFed.

Note: The PenFed Service fees can be changed from time to time.

PenFed Checking Accounts Fee

If you are a new member of the PenFed and you have a checking or saving account on PenFed credit union, then here are the fees which you have to pay to use their services.

Access America Account

Note: If you deposit at least $500 monthly or you have a daily balance of $500 in your account then you don’t have to pay monthly service charge.

Service

Charge

Monthly Service Charge 10.00
Check Stop Payment (Individual) 20.00
Check Stop Payment (Sequential Series) 30.00
Returned Inbound Electronic Transfer (Originated at PenFed) 30.00
Return Deposited Check 5.00
Returned ACH (Originated at another financial instituation) check or Preauthorized Debit

·         Non-Sufficient Funds

·         Uncollected Funds (Deposits on hold)

 

 

30.00

10.00

Check Ordering (Per order) First 50 Free/

For second 50 checks

 

5.00

Bill Pay Free
International Transaction Fee Up to 2% of the transaction amount

 

Complete Access Account

Note: If you deposit at least $500 monthly or you have a daily balance of $500 in your account then you don’t have to pay monthly service charge.

Service

Charge

Monthly Service Charge 10.00
Check Stop Payment (Individual) 20.00
Check Stop Payment (Sequential Series) 30.00
Returned Inbound Electronic Transfer (Originated at PenFed) 30.00
Return Deposited Check 5.00
Returned ACH (Originated at another financial instituation) check or Preauthorized Debit

·         Non-Sufficient Funds

·         Uncollected Funds (Deposits on hold)

 

 

30.00

10.00

Check Ordering (Per order)

·         First 50 checks

·         Second 100 checks

 

Free

6.82

Bill Pay 5.00
International Transaction Fee Up to 2% of transaction amount

 

Penchecks Plus Account

Note: If you deposit at least $500 monthly or you have a daily balance of $500 in your account then you don’t have to pay monthly service charge.

Service

Charge

Monthly Service Charge 10.00
Check Stop Payment (Individual) 20.00
Check Stop Payment (Sequential Series) 30.00
Returned Inbound Electronic Transfer (Originated at PenFed) 30.00
Return Deposited Check 5.00
Returned ACH (Originated at another financial instituation) check or Preauthorized Debit

·         Non-Sufficient Funds

·         Uncollected Funds (Deposits on hold)

 

 

30.00

10.00

Check Ordering (Per order)

·         First 50

·         Second 100 checks

 

10.00

16.25

Bill Pay 8.95
International Transaction Fee Up to 2% of transaction amount

 

Free Checking Account

Service

Charge

Monthly Service Charge Free
Check Stop Payment (Individual) 20.00
Check Stop Payment (Sequential Series) 30.00
Returned Inbound Electronic Transfer (Originated at PenFed) 30.00
Return Deposited Check 5.00
Returned ACH (Originated at another financial instituation) check or Preauthorized Debit

·         Non-Sufficient Funds

·         Uncollected Funds (Deposits on hold)

 

 

30.00

10.00

Check Ordering (Per order)

·         First 50

·         Second 100 checks

 

5.00

10.00

Bill Pay Free
International Transaction Fee Up to 2% of the transaction amount

 

PenFed Money Market Saving Account, Premium Online Savings, Regular Share Fee

Service

Charge

Check Stop Payment (Individual) 20.00
Check Stop Payment (Sequential Series) 30.00
Returned Inbound Electronic Transfer (Originated at PenFed) 30.00
Return Deposited Check 5.00
Bill Pay Free
Returned ACH (Originated at another financial instituation) check or Preauthorized Debit

·         Non-Sufficient Funds

·         Uncollected Funds (Deposits on hold)

 

 

30.00

10.00

Share and Money Market Savings Account

·         Non-PenFed Branded ATM Withdrawal Fee

·         Non-PenFed Branded ATM Balance Inquiry Fee

 

1.50

 

1.00

International Transaction Fee Up to 2% of the transaction amount

 

PenFed Credit Cards Fee

Service

Charge

Convenience Check Stop Payment (each) 15.00
Two or more simultaneous Stop Payment 25.00

 

PenFed Loans Fee

Service

Charge

Returned Loan Payment, Check or ACH 30.00
Late Charge on Loans (per payment) 29.00
Automobile Lien Placement Charge Actual fee incurred
Thrifty Credit Service, Personal Line of Credit Over limit fee, Tax-smart College Line (each time) 15.00

 

PenFed Equity Line of Credit Fee

Service

Charge

Convenience Check Stop Payment (Individual) 20.00
Check Stop Payment (Sequential Series) 30.00
Over Credit Limit (per month) 20.00
Returned Check 30.00
Returned Loan Payment, Check or ACH 30.00
Lien Release Processing 20.00
Late Charge 5% of past due amount (minimum 20.00)

 

PenFed Mortgages and Equity Loans Fee

Service

Charge

Late Charge As provided in a promissory note
Returned Loan Payment, Check or ACH 30.00
Lien Release Processing 20.00

 

PenFed Maintenance Fee

Service

Charge

Bad Address/Inactive Accounts (per quarter) 15.00
Garnishment or Levy Fee 20.00
Account Research (per hour) 15.00

 

PenFed Additional Services Fee

Service

Charge

Mailed Consolidated Statement of Accounts 2.00
Mailed Credit Card Statement 1.00
Statement Copy 3.00
Check Copy (each, after first four free) 1.00
Western Union Money Order 12.00
Domestic Wire Transfer 25.00
International Wire Transfer 30.00
Real Estate Subordination Request 150.00
ACH Transfer via 3rd Party Servicer 10.00
ACH Transfer via Member Service 5.00

 

PenFed ATM Fee

Service

PenFed ATMs

In-Network ATMs

Out-Network ATMs

Access America Checking No Fee Free No Fee
Free Checking
Complete Access Checking
PenCheck Limited Checking Free Withdrawal $1.50

Balance Inquiry $1.00

Withdrawal $1.50

Balance Inquiry $1.00

PenCheck Plus Checking
Regular Share Savings
Money Market Savings

 

Conclusion

The overall Service fee of the PenFed credit union is average compared to others. Some of them are a little bit high, but as long as the service is good and suits you or you are satisfied, a fee doesn’t matter. So, go through the PenFed credit union service fees of credit card, loans, mortgages, money market, saving or checking account, ATM, maintenance, and more.

In case you’ve any confusion over the service charges of PenFed, then do contact their customer service routing number (256078446).

If you have any queries related to PenFed credit union them leave a comment down below.

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