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penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

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Anonymous
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penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

Hello!   If i close my penfed CU checking & Savings accounts, can i keep my PenFed AMEX credit card open?

Message 1 of 7
6 REPLIES 6
baller4life
Super Contributor

Re: penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

You must at least keep savings open in order to maintain membership.

Message 2 of 7
Anonymous
Not applicable

Re: penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

Thank you baller4life! Is there a minimum amount that has to be deposited in the savings to avoid a fee?

Message 3 of 7
baller4life
Super Contributor

Re: penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

No. Just the $5
Message 4 of 7
Anonymous
Not applicable

Re: penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

Okay! Thanks! I just had downloaded the service fees PDF and the $10 a month fee is for Checking if less than $500 is deposited.

Message 5 of 7
RonM21
Valued Contributor

Re: penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

Did you close them because you just didn't need them or another reason?


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 6 of 7
Anonymous
Not applicable

Re: penfed CU if i close checking & Savings, can i keep PenFed AMEX credit card open?

I actually may need the $500 for an emergency and will keep the Savings open. I also have a NFCU & Bethpage FCU checking and savings. Hopefully I can weather the storm and not have to close the PenFed checking.

Message 7 of 7
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