Fee Free. Worry-Free
Your PenAir Checking Account is where you pay the bills, buy gas and groceries, and swipe your Debit Card for the fun stuff. Experience total control over your money with no monthly maintenance fees, no minimum balance requirements, and the chance to earn dividends.
Choose the Options That Suit You Best
Personal Checking
It’s banking on your terms. Enjoy the flexibility to manage your funds with no monthly maintenance fees, no minimum balance requirements, and digital tools at your fingertips. Join us and experience banking that fits your lifestyle effortlessly.
High-Yield Checking
Elevate your financial journey and grow your balance. A Checking Account that pays dividends when you enroll in eStatements and make a monthly ACH Deposit of $250 within a single day.
Checking for Teens and Kids
PenAir’s Level UP Youth Account Program empowers young members (8-18) to use a Debit Card and keep track of their budget with Digital Banking and the PenAir App — all with Parental Controls that give you peace of mind.
Ready. Set. Go.
Open the checking account of your choice quickly and easily, online or at one of our convenient locations.
Every PenAir Checking Account Includes:
Free Mastercard® Debit Card
Your PenAir Debit Card works hard for you in the digital and physical shopping world. A handy security-chipped card comes free with every PenAir Checking Account.
Digital Banking Solutions
You are empowered to manage your money any time, any place with PenAir’s advanced digital tools. For every which way you go, we’re (literally) right by your side.
Fee-Free ATM Access
Cash so fast you’ll flip. With thousands of surcharge-free ATMs, you can access your cash wherever your busy life takes you.
Budgeting Help
With easy access to financial resources you’ll actually want to use, we’ll work with you to unlearn bad habits, break generational cycles and plan a future that fits you.
Account Controls
Ready to get a handle on things? You’re set up for success with features like the Money Management budgeting tool, Debit and Credit Card Control, account alerts and more.
Compare Checking Account Features
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Monthly Fee
Monthly Fee
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Min. Balance Required
Min. Balance Required
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Monthly ACH Deposit Required
Monthly ACH Deposit Required
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Earn Dividends
Earn Dividends
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eStatements Required
eStatements Required
Personal Checking
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Monthly Fee
No
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Min. Balance Required
No
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Monthly ACH Deposit Required
Optional
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Earn Dividends
No
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eStatements Required
Optional
High-Yield Checking
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Monthly Fee
No
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Min. Balance Required
No
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Monthly ACH Deposit Required
Yes*
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Earn Dividends
Yes**
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eStatements Required
Yes
Kids & Teen Checking
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Monthly Fee
No
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Min. Balance Required
No
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Monthly ACH Deposit Required
No
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Earn Dividends
No
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eStatements Required
No
*Ensure your eligibility by setting up a monthly ACH Deposit of $250.00 or more in a single day.
**Dividends are paid when the monthly ACH Deposit and eStatements requirements are met.
Check out our dividend rates
|
Account Balance |
Dividend |
APY* |
|---|---|---|
|
*APY = Annual Percentage Yield. The High-Yield Checking account is a tiered rate account paying up to 4% APY. The qualification cycle is defined as a period beginning on the last day of the previous calendar month in which dividends are paid and ending on the 40th calendar day prior. For daily balances $10,000.00 or less and you meet the following minimum qualification requirements for each qualification cycle, an APY up to 4% will apply. 1) receive at least one single ACH deposit of $250.00 in one (1) day and 2) be enrolled in and receive eStatements. If you meet any of the minimum qualification requirements for your account during the qualification cycle, for balances $10.000.01 or more, a 0% APY will apply. If your average daily balance is $10,000.01 or more, a blended rate may show on your periodic statement to reflect the dividends earned on the first $10,000.00 of the balance and no dividends earned on the remainder of the balance. Ex: An Average Daily Balance of $15,000 will show an APY of 2.66%. If you fail to meet any of the minimum qualification requirements during the qualification cycle, 0% APY will apply to the entire balance in the account. One (1) High-Yield Checking account is allowed per primary Social Security Number. If more than one (1) High-Yield Checking account is opened per primary Social Security Number, the additional High-Yield Checking account will revert to a Checking account. If you close your High Yield Checking account before the accrued dividends are credited, you will not receive the accrued dividends. A High-Yield Checking account is only available on a Personal account. Business accounts, Trust accounts, and other Special accounts are not eligible. Rates, terms, and conditions are subject to change without notice. Pen Air reserves the right to discontinue or modify offer at any time. Membership is required. Pen Air is federally insured by NCUA. |
||
|
Account Balance $0 - $10,000 |
Dividend 4% |
APY* 4% |
|
Account Balance $10,001 and up |
Dividend 0% |
APY* 0% |
PenAir's Powerful Mastercard® Debit Card
The PenAir Mastercard® Debit Card gives you more than just 24/7 access to your money.
Contactless Technology
Your debit card is enabled for added security. You’ll find so much power within this rectangular piece of plastic!
Automatic Billing Updater
New card number? Don’t fret. Most automatic payments will transfer seamlessly to your replacement card.
Fraud Monitoring
Your Debit Card comes equipped with 24/7 fraud monitoring to help you sleep at night.
Card Alerts
You can place personalized real-time alerts on your PenAir Debit Card that will ensure no transaction gets by you undetected.
Support our Schools
The Share It® program turns your signature-based transactions into donations to the schools in your neighborhood.
Instant Issue
Immediate access to your money is important, so why wait for the mail carrier? You can visit any PenAir location to print your Debit Card right there in the branch.
Virtual Wallets
Use your PenAir Debit Card with Apple Pay®, Google Pay™, and Samsung Pay® for the ultimate safe and secure shopping experience.
People say the nicest things
-Debra, PenAir member for 22 yearsPenAir Credit Union is the best place to bank, hands down.
Need a little more information?
At PenAir, the $5 required in your Savings Account determines your ownership in the credit union. Opening a new Checking Account at PenAir is hassle-free, as it does not require a minimum balance or monthly fees.
To become a PenAir member, you only need three things:
- Your driver’s license or other acceptable forms of identification, such as government-issued photo IDs, state IDs, or military IDs.
- Your complete physical and mailing address. If your current address doesn’t match your ID, we’ll need proof of your current address (e.g., a paystub, utility bill, tax bill, or vehicle registration).
- $5 for your Savings Account, which serves as your share account and establishes your membership with PenAir.
As long as you live, work, go to school, or worship in one of the 19 counties we serve between Mobile, AL and Tallahassee, FL, you’re eligible to join PenAir and enjoy our range of financial services.
Your new account can be funded with a debit or credit card. Welcome to PenAir, where your financial journey begins!
You must be 18 years old to be a primary member on a PenAir account. However, minors aged 0-18 can be joint owners with a guardian on Youth Accounts. Members aged 8+ can access PenAir Mastercard® Debit Cards and Digital Banking.
Making the switch to High-Yield Checking is a snap! Here’s how you can do it:
- Schedule an Appointment:
- Click “Schedule an Appointment” and choose between a virtual session using your device or a face-to-face meeting at your preferred branch. Rest assured, both options guarantee personalized guidance tailored to your needs.
- Call Our Member Service Center:
- Dial 850-505-3200, option 2, to connect with our Member Service Center. They’ll assist you in seamlessly transitioning to High-Yield Checking over the phone.
- Digital Banking or PenAir App:
- Do you prefer the convenience of your device? No problem! Using our Secure Form, submit a request through Digital Banking or the PenAir App. It’s quick, secure, and accessible from the comfort of your home.
Unlock the full potential of High-Yield Checking by meeting these eligibility criteria:
- Age Requirement: Applicants must be 18 years or older to be eligible for High-Yield Checking.
- Monthly ACH Direct Deposit Commitment: Ensure your eligibility by setting up a monthly ACH Direct Deposit of $250.00 or more in a single day.
- Digital Banking Requirement: Enroll in eStatements. This streamlined and paperless approach for maintaining account history enhances convenience, making managing your finances a breeze.
Meeting these criteria makes you eligible for High-Yield Checking and sets the stage for a more rewarding and efficient banking journey.
*High-Yield Checking is only for Personal accounts. At this time, Business and Minor accounts are ineligible.