Finance

How to Transfer Money From PenFed to Bank Account [Updated]

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Penfed is one of the largest credit union company in the United State. It offers a wide range of services to its member from military and government backgrounds. If you are a normal citizen living in the US then you can also join PenFed credit union easily.

If you are a new member of PenFed then you should know you can also access its online banking service. From there, you can deposit money to your account, pay credit card bills, check the entire transaction statements, get the application forms and also transfer money.

To transfer money from PenFed to another bank, you just need to select your account type and the bank where you want to transfer money. After that, set the transfer amount and set the date, frequency for your transfer. Finally, confirm your transfer.

Now, let’s see how you can transfer money from your PenFed account through online banking on both PC and mobile.

How to Transfer Money from PenFed to Another Bank?

To transfer money from PenFed to another bank first you need to have access to PenFed online banking. You can easily register to PenFed online banking and transfer money directly from your account between your PenFed accounts and to your external accounts (bank).

If you don’t have access to the online banking of PenFed then you have to visit the PenFed company and fill up a form to transfer money from your account.

But remember, you need must have enough money in your PenFed account so that you can make a transfer. That’s why learn how to deposit money in PenFed account. Once you have a balance in your account then you can either transfer money or pay bills.

You can also edit any of your future transfer (schedule) or recurring transfer easily if you want to make certain changes on it. For that, learn how to edit PenFed balance transfer.

Note: If you want to transfer the balance to another PenFed member’s account directly from your account then you have to contact PenFed customer support.

Transfer Money from PenFed to Bank on PC

You can easily transfer money from your PenFed account to a bank directly from your PenFed online banking. Simply visit the official webpage of PenFed and access your online banking service then transfer the money.

Now, let’s get into the step-by-step process to send money/balance from the PenFed account to another (external) bank directly on PC.

Open Browser

First of all, open your browser on your PC. You can use any browser you want such as Chrome, Opera, Firefox, and more.

Visit PenFed Website

Now, go to the official website of PenFed Credit union. For more easier, simply type penfed.org in the search bar and type enter. It will redirect you to the main site of the Pentagon Federal Credit Union.

Login to your PenFed

Once you enter the PenFed website then click on the Login button from the upper right side. After that, provide your PenFed online banking login credentials such as username and password to access your account.

If you’ve forgotten your online banking password then simply click on Forgot Username and Password option under “Need Help Logging In?”. There, provide the details information which is required to retrieve your PenFed online banking username and password back.

Click on Transfers

After you’ve accessed your online banking account then simply click on the Transfer option from the top navigation bar. It will redirect you to the next page where you can transfer your PenFed balance within PenFed accounts or external bank accounts.

Select Transfer to your External Accounts

Now, click on the Transfer to/from your external Accounts option from the right side of the screen. After that, it will open the transfer balance form section where you can fill up your money transfer details.

Type Transfer Amount, Date, Frequency

So, enter the amount which you want to transfer to another bank. You also need to provide the date of balance transfer and the frequency along with other additional details.

You have to enter the correct details in the form; otherwise, your transfer may not be complete and you can get an error message. In addition, do check the bank account on where you are sending money from your PenFed account.

Click on Continue

After providing all the required information regarding the balance transfer then again re-check your form once again to make sure that you didn’t miss any information.

Once all set then click on the Continue button.

Click on Submit

Finally, it will ask you to confirm your balance transfer so click on Submit button for confirmation.

Transfer Money from PenFed to Bank on Mobile

You can also use the PenFed online banking on your Android and IOS devices. If you don’t bother to visit the website of PenFed credit union then you can simply download PenFed mobile banking and transfer money to another bank.

So, if you already have access to PenFed mobile banking then follow the following steps to transfer money (balance) from PenFed to another bank.

Download PenFed Mobile Banking for Android

Download PenFed Mobile Banking for iPhone

Open PenFed App

Download the PenFed mobile banking app on your device and open the app.

Login to Your Account

Next, type your PenFed online banking Username and password in the required field. Once done then tap on the Login button to access your account.

Tap on three lines

Once you’ve successfully accessed your account then tap on three horizontal lines from the upper left corner of the screen.

Select Deposits & Transfers

Now, tap on the Deposits & Transfers option in order to transfer your balance to another (external) bank account.

Select Transfer Money

Now, tap on Transfer Money from the drop-down menu in order to fill up the balance transfer details.

Fill out the Form

Here, you have to provide detailed information for ending your money to an external bank account.

Transfer From: Select the account from where you want to send your money to a bank account.

Transfer To: Select the bank on where you want to transfer a balance from your PenFed account.

Transfer Amount: Enter the exact transfer amount.

Transfer Date: Select the exact balance transfer date.

Tap on Continue

After providing all the required information regarding to balance transfer, click on the Continue button.

At last, once again check the provided information and confirm your transfer.

How Long Do PenFed Bank Transfers Take?

It usually takes 5 to 10 minutes to transfer money from your PenFed account to the bank. But the server of the PenFed is busy or there is a holiday then it can take a longer time.

You don’t have to worry about your transfer money from PenFed. It will be safe and sound and won’t be lost on the way.

However, if your balance transfer from PenFed to the bank takes a long time then you can contact to PenFed customer support and confirm about a transfer.

What is the Routing Number of PenFed Credit Union?

If you have any issue with PenFed online banking or you have any queries to ask then you can always contact to PenFed routing phone number. The customer support team will solve your queries as soon as possible.

PenFed Routing Number: #256078446

Conclusion

It is easier to transfer money from PenFed to another bank. All you have to do is to open PenFed mobile banking and send money within PenFed account or to an external bank.

But always remember to provide the correct bank detail (a/c number) so that your money will transfer to the right place where you wanted to.

If you have any queries related to PenFed then do ask in the comment section.

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