All You Need to Know About PenFed ATM

Share This:

PenFed Credit Union is one of the largest credit unions in the United States, with over 2.1 million members and assets worth over $25 billion. One of the key benefits of being a PenFed member is access to a vast network of fee-free ATMs, including Allpoint and Co-op ATMs.

With over 85,000 ATMs in the network, PenFed members have access to more machines than the leading banks. This means that no matter where you are in the country, you’re likely to find a fee-free ATM nearby.

In addition to the Allpoint and Co-op ATMs, PenFed also has its own network of fee-free ATMs located at popular retailers such as Target, CVS Pharmacy, Circle K, Winn Dixie, Rite Aid, Kroger, Speedway, and Safeway. This makes it easy for members to access their money without having to pay fees or travel far from their usual routine.

PenFed members can withdraw up to $1,000 cash via an ATM each calendar day (Eastern Time) from a Regular Share or Money Market Savings account. This means that members can access their funds quickly and easily, without having to worry about daily withdrawal limits.

While using an out-of-network ATM may result in a fee of $1.50 for every withdrawal and $1 for each account balance inquiry, PenFed’s partnership with NCR’s Cardtronics has expanded to provide members with the ability to deposit cash at Allpoint ATMs. This means that members can deposit cash without having to visit a branch, making banking more convenient than ever.

PenFed Credit Union’s vast network of fee-free ATMs, including Allpoint and Co-op ATMs, make it easy for members to access their money no matter where they are in the country. With the ability to withdraw up to $1,000 cash via an ATM each calendar day and the added convenience of depositing cash at Allpoint ATMs, PenFed is committed to providing its members with the best possible banking experience.

Using ATMs with PenFed

As a PenFed member, you have access to a vast network of fee-free ATMs through Allpoint and Co-op networks. With over 85,000 ATMs across the nation, you can easily locate an Allpoint or Co-op ATM near you to withdraw cash or perform other transactions without worrying about paying any fees. Some of the well-known retailers where you can find fee-free PenFed ATMs include Target, CVS Pharmacy, Circle K, Winn Dixie, Rite Aid, Kroger, Speedway, and Safeway. This gives you the convenience and flexibility to access your funds whenever and wherever you need them, making banking with PenFed a hassle-free experience.

Maximum Withdrawal Amount From PenFed ATMs

According to PenFed’s policy, you can withdraw up to $1,000 cash via an ATM each calendar day (Eastern Time) from a Regular Share or Money Market Savings account. It is important to note that this limit applies specifically to ATM withdrawals and may differ from other types of transactions or accounts. Additionally, this limit is subject to change based on PenFed’s policies and regulations. It is recommended to check with PenFed for any updates or changes to their ATM withdrawal limits.

Does PenFed Charge Fees for ATM Use?

Pentagon Federal Credit Union (PenFed) charges fees for using out-of-network ATMs. PenFed members are charged $1.50 for every withdrawal made using an out-of-network ATM and $1 for each account balance inquiry using an out-of-network machine. It is important to note that these fees may vary depending on the type of account and membership status of the individual. PenFed may also waive some fees for certain types of accounts or for members who meet specific criteria. It is recommended to check with PenFed directly for the most up-to-date fee schedule and account information.

Depositing Money at PenFed ATMs

You can deposit money at a PenFed ATM through the Allpoint Network. PenFed Credit Union has partnered with NCR’s Cardtronics to provide its members with cash deposit capability at thousands of Allpoint ATMs across the United States. Allpoint ATMs can be easily located using the Allpoint ATM locator tool available on the PenFed Credit Union website or mobile app. Once you have located an Allpoint ATM, you can deposit cash into your PenFed account by following the on-screen instructions. It is important to note that not all ATMs accept cash deposits, so it is recommended to use an Allpoint ATM to ensure a successful deposit.

Conclusion

PenFed Credit Union offers its members a convenient and extensive network of fee-free ATMs through its partnership with Allpoint and Co-op. With access to over 85,000 ATMs, including those located at major retailers such as Target, CVS Pharmacy, and Kroger, members can easily withdraw cash and check their account balances without incurring additional fees. Additionally, PenFed members can withdraw up to $1,000 cash each day from their Regular Share or Money Market Savings account. Although there may be fees for using out-of-network ATMs, PenFed’s partnership with Allpoint and Co-op provides members with a wide range of fee-free options. PenFed’s ATM network offers members a convenient and cost-effective way to access their funds.