Take advantage of our updates on PenFed Credit Union bonuses, promotions, and offers here.
Currently, PenFed Credit Union is offering $500, $750 bonuses.
PenFed Credit Union Bonuses Review
With PenFed Credit Union, their mission is to educate and encourage their members. They offer constant amazing rates as well. Plus, there is a variety of perks that comes with their accounts too.
| Eligibility: Membership at PenFed Credit Union is available for all branches of the U.S. Military, employees of the Department of Defense and Department of Homeland Security. Click here for more membership eligibility details. |
I’ll go over the PenFed Credit Union bonuses & offers below.
PenFed Credit Union $750 Savings Bonus (Targeted)
To earn the $750 bonus, open a new savings account and meet all of their requirements.
- What you’ll get: Up to $750 Bonus
- Eligible account: Savings
- Availability: Nationwide (Branch Locator)
- Credit inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- Open your new Premium Online Savings account before 3/31/2024 and add funds of $10,000 or more of new money.
- Enjoy your new savings account, continue adding funds, and keep your new money balance in your account until at least 7/31/2024.
- During the Offer Period or before 3/31/24, make deposits of up to $50,000 from an external account into your PenFed Premium Online Savings account.
- Offer qualifications, you will receive $150 bonus for every $10,000 deposited into your account. Maximum bonus received is $750 per member.
(Expires 03/31/2024)
| CIT Bank Platinum Savings ($225/$300 Bonus + 4.10% APY). | Discover® Online Savings (Up to $200 Bonus + 3.70% APY) |
| SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.30% APY) |
| Live Oak Bank Savings ($300 Bonus + 4.20% APY) | |
Fine Print
- Offer valid from 03/04/24 to 03/31/24. This exclusive Bonus Offer is only available for the original recipient and cannot be shared or made eligible beyond the original recipient.
- Offer Details: You must open a new PenFed Premium Online Savings account between 03/04/24 to 03/31/24 to be eligible for the Bonus Offer. During the Offer Period or before 3/31/24, make deposits of up to $50,000 from an external account into your PenFed Premium Online Savings account. External funds are considered any new money deposited into your account from an account not affiliated with PenFed. Funds transferred internally within PenFed accounts do not qualify for this offer. The new money must remain in the PenFed Premium Online Savings account from 03/31/24 to 07/31/24 to be eligible for the Bonus Offer. Your total balances at PenFed must increase by the end of the promo period. Upon meeting the Offer qualifications, you will receive $150 bonus for every $10,000 deposited into your account. Maximum bonus received is $750 per member. Your promotional bonus will be reported in your year-end Form 1099-INT as taxable income. Bonus will be credited to the account in the form of a statement credit. Your account must stay open and be in good standing when bonus is credited to your account. Please allow up to 60 days for the Bonus to appear in your account.
- We reserve the right to modify or revoke this Offer at any time, without notice. If we determine that abuse or gaming has occurred in connection with this Offer, your eligibility and bonus may be null and void.
PenFed Credit Union $500 Checking & Savings Bonus (Targeted)
To earn the $500 bonus, open a new checking & savings account and meet all of their requirements.
- What you’ll get: Up to $500 Bonus
- Eligible account: Checking & Savings Account
- Availability: Nationwide (Branch Locator)
- Credit inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- The up to $500 offer is limited to individuals that receive the offer directly from PenFed.
- To receive the checking bonus:
- 1) Open a new PenFed Checking account, which is subject to approval; AND
- 2) Make 2 direct deposits totaling at least $1,500 into this checking account.
- You must open a new PenFed Premium Online Savings account to be eligible for the Bonus Offer.
- Make deposits of up to $10,000 from an external account into your PenFed Premium Online Savings account.
- External funds are considered any new money deposited into your account from an account not affiliated with PenFed. Funds transferred internally within PenFed accounts do not qualify for this offer.
- The new money must remain in the PenFed Premium Online Savings account thru the end of the promotional period to be eligible for the Bonus Offer.
- To receive the extra bonus: You must open the checking and savings account within the promotional period and complete all requirements for BOTH the checking bonus and savings bonus.
(Limited time offer)
| CIT Bank Platinum Savings ($225/$300 Bonus + 4.10% APY). | Discover® Online Savings (Up to $200 Bonus + 3.70% APY) |
| SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.30% APY) |
| Live Oak Bank Savings ($300 Bonus + 4.20% APY) | |
Fine Print
- The up to $500 offer is limited to individuals that receive the offer directly from PenFed. Maximum bonus received is $500 per member. Offer code can only be used one time. Bonus offer is valid for addressee only. To receive the extra bonus: You must open the checking and savings account within the promotional period and complete all requirements for BOTH the checking bonus and savings bonus. After you have completed all requirements, we will deposit the remaining bonus due in your new account within 60 days from promotional close date.
- Offer Details: You must open a new PenFed Premium Online Savings account (See your mail piece for details) to be eligible for the Bonus Offer. During the Offer Period, make deposits of at least $10,000 from an external account into your PenFed Premium Online Savings account. External funds are considered any new money deposited into your account from an account not affiliated with PenFed. Funds transferred internally within PenFed accounts do not qualify for this offer. The new money must remain in the PenFed Premium Online Savings account thru the end of the promotional period (See your mail piece for details) to be eligible for the Bonus Offer. Upon meeting the Offer qualifications, you will receive the $150 bonus. Bonus will be deposited directly into the account in the form of a statement credit. Your account must stay open and be in good standing when the bonus is credited to your account. Please allow up to 60 days (from promotional close date) for the Bonus to appear in your account.
- To receive the checking bonus: 1) Open a new PenFed Checking account (See your mail piece for details), which is subject to approval; AND 2) Make 2 direct deposits totaling at least $1,500 into this checking account by end of promotional period (See your mail piece for details). Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or government. Person to Person payments (such as Zelle®) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. Upon meeting the Offer qualifications, you will receive the $250 bonus. Bonus will be deposited directly into the account. Your account must stay open and be in good standing when the bonus is credited to your account. Please allow up to 60 days (from promotional close date) for the Bonus to appear in your account.
PenFed Credit Union $350 Car Buying Service & Loan Bonus (Expired)
For a limited time, receive a $350 cash bonus when you buy a car with the PenFed Car Buying Service with a PenFed loan.
- What you’ll get: $350 Bonus
- Eligible account: PenFed Loan
- Availability: Nationwide
- Credit inquiry: More than likely a hard pull due to it being a loan
- Direct Deposit Required: N/A
- Monthly Fee: N/A
- How to earn it:
- For a limited time, receive a $350 cash bonus when you buy a car with the PenFed Car Buying Service with a PenFed loan.
- Loan must be currently active and have at least 2 payments posted in order to qualify for the rebate.
- The $350 rebate will be deposited to the member share savings account within 60 days of receiving the second payment.
(Expires 04/30/2023)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- Some benefits not available in NY or NH. Terms and conditions apply.
- Auto Deductible Reimbursement is provided by Voyager Indemnity Insurance Company, an Assurant company.
- The PenFed Car Buying Service rebate of $350 will apply to new and used purchase loan applications with a qualifying vehicle purchase sourced through the PenFed Car Buying Service.
- Applications and Car Buying Service dealership match must be received during the promotional period, between 2/1/2023 and 4/30/2023.
- Dealer originated loans and refinance loans are not eligible for this promotion.
- Loan must be currently active and have at least 2 payments posted in order to qualify for the rebate.
- The $350 rebate will be deposited to the member share savings account within 60 days of receiving the second payment.
- PenFed may discontinue or change the promotion at any time.
- Other restrictions may apply.
PenFed Credit Union $200 Checking Bonus (Expired)
To earn this $200 bonus, open a new checking account and meet all of their requirements.
- What you’ll get: $200 Bonus
- Eligible account: Access America Checking Account
- Availability: Nationwide (Branch Locator)
- Credit inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: Varies
- How to earn it:
- Open a new Access America checking account.
- Make a deposit of at least $1,200 in the first 90 days of having the account open.
- Have a minimum of 5 debit card transactions in the first 90 days.
(Expires June 14, 2020)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Expires June 14, 2020
- This offer is available for new personal checking members that doesn’t already have a checking account.
- Your account has to remain open, active, and in good standing when the bonus is given.
- They will issue an IRS Form 1099 to report the bonus value.
- One bonus available per member
- Need a minimum deposit of $25 to open an account
- Fees will decrease your bonus
- Subject to change at any given time.
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Conclusion
Overall, when you open a new checking account with PenFed Credit Union, you’ll earn this great bonus. Additionally, there are many perks that comes with this account that benefits you.
However, if you don’t find this offer attractive, check out other bank bonuses.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include U.S. Bank, Citi, Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Feel free to comment on this post with any questions you may have about PenFed Credit Union, their accounts they offer, or coupon codes.
Check back often for more PenFed Credit Union Bonuses, Promotions, or Offers!
