Showing results for 
Search instead for 
Did you mean: 

new account with PenFed

Not applicable

new account with PenFed

i know PedFed for a while. so applied for a regular saving account with PenFed. no fees during the membership application . got approval email in 24 hours. registered online account. the account has $0 of current balance. $-5.0 of available balance. 

Questions:  do i need to use this saving account for a few transactions before i apply for their auto loan a few months later? can i leave this account empty till when i am about to buy a car? thanks.

Message 1 of 2
Moderator Emeritus

Re: new account with PenFed

You don't need to use the account before applying for any product with PenFed.  However I do think it'd be a good idea to at least fund the account with the $5 so that you're current. 

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.