PenFed Credit Union Promotions: $300, $375, $750 Checking Bonus (Nationwide) – Ends 9/30/25

Find the latest PenFed Credit Union promotions, bonuses, and offers here.

Update 9/17/25: We’ve added a $300 checking bonus that’s valid through 9/30/25 but also YMMV. There’s currently a $750 checking bonus valid through 9/30/25 – however, there is targeted language.

PenFed Credit Union Promotions Review

PenFed Credit Union’s mission isn’t simply to help their members get by. They exist to help them realize every ounce of their potential. They exist to educate but to also encourage. Finally, they exist to usher their dreams into the land of reality.

I’ll go over PenFed Credit Union promotions & offers below.

PenFed Credit Union $750 Checking Bonus (Targeted)

• What you’ll get: Up to $750 bonus
• Where it’s available: Nationwide (Branch Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: Up to $500 via AMEX CC
• How to earn it:
  • Open a new PenFed Checking account by September 30, 2025.
  • Make deposits from September 4, 2025 until September 30, 2025 from an external account into your PenFed Checking account to reach the balance level for the promotion.
  • Maintain the required minimum daily balance level (see table below) in your PenFed Checking account until January 31, 2026. The cash bonus will be deposited in your account by March 30, 2026.
    • $375 bonus with $25,000 balance
    • $750 bonus with $50,000 balance
  • Maintain the required minimum daily balance level (see table above) in your PenFed Checking account until January 31, 2026. The cash bonus will be deposited in your account by March 30, 2026.

(Expires 09/30/2025)

PenFed Credit Union $300 Checking Bonus (YMMV)

• What you’ll get: Up to $300 bonus
• Where it’s available: Nationwide (Branch Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: Up to $500 via AMEX CC
• How to earn it:
  • Open a new PenFed Checking account by September 30, 2025.
  • Make deposits from September 4, 2025 until September 30, 2025 from an external account into your PenFed Checking account to reach the balance level for the promotion.
    • $300 bonus with $20,000 balance
    • $225 bonus with $15,000 balance
  • Maintain the required minimum daily balance level (see table below) in your PenFed Checking account until January 31, 2026. The cash bonus will be deposited in your account by March 30, 2026.

(Expires 09/30/2025)

PenFed Credit Union $750 Savings Bonus (Targeted) (Expired)

• What you’ll get: Up to $750 bonus
• Where it’s available: Nationwide (Branch Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: Up to $500 via AMEX CC
• 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)

PenFed Credit Union $500 Checking & Savings Bonus (Targeted) (Expired)

• What you’ll get: $500 bonus
• Where it’s available: Nationwide (Branch Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: Up to $500 via AMEX CC
• 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)

PenFed Credit Union $350 Car Buying Service & Loan Bonus (Expired)

• What you’ll get: $350 bonus
• Where it’s available: Nationwide
• Credit Inquiry: More than likely a hard pull due to it being a loan
• Credit Card Funding: Unknown
• 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)

Bottom Line

Be sure to check out this promotion from PenFed Credit Union to earn a generous bonus. The requirements aren’t too hard and you’ll be able to gain access to many great features that come with the account.

For more current offers, check out our bank bonuses page. Compare PenFed Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Additionally, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of PenFed Credit Union promotions here.