PLOC

[minski]

Anyone know? Will PenFed require a checking account? Or savings account?

[Anonymous]

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@minski wrote:

Anyone know? Will PenFed require a checking account? Or savings account?

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I have a savings account with Penfed and I have a 10k PLOC.

[Anonymous]

@Yes-Its-Me

That is an incorrect statement about needing a checking account to link a PLOC. I link my PLOC to my ATFCU (top 75 credit union in size in the U.S) savings account (I don't have a checking account with them) and use it just fine. NASA can also link savings to PLOC without a checking account.

You could tell people a lot of or many lenders may require a person to have a checking account to link a PLOC, but not all of them.

[Anonymous]

@MusicLover

You have a PLOC with PenFed with only a savings account and no checking account is that correct?