cancel
Showing results for 
Search instead for 
Did you mean: 

Will PenFed do a HP for checkin account. Already have savings with them since 3 months

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Established Member

Will PenFed do a HP for checkin account. Already have savings with them since 3 months

I wanted to open a checkin account with penfed that will be used regularly. I have joined and opened a Savings account with them few months ago for which they did a HP. Will they do another HP now if i wish to open a checkin account with them, it will be only a checkin account without the CLOC(Checking line of credit).

Scores before rebuild 01/20/2019 - EX@544 EQ@533 TU@532
Current Scores 10/05/2019 - EX@643 EQ@638 TU@651
Goal Scores - 670s by EO 2019

Amex Gold - NPSL; Amex Delta Gold - $1000; Barclays Apple Visa - $700; Capital One QS1 - $2300; Capital One QS1 - $500; Chevron/Texaco - $400; Credit One - $500; Discover - $3000; Ikea Projekt - $4600; Paypal CBMC - $2000; Ebay MC - $500

Util - 6%
Message 1 of 2
1 REPLY 1
Senior Contributor

Re: Will PenFed do a HP for checkin account. Already have savings with them since 3 months

No, the HP actually was for membership not for your savings, once you're a member you can open more banking accounts without HPs, additional HPs only if you apply for credit. You are aware the checking account has a $5 monthly fee unless you have daily balance or direct deposit of $500 or more?


Fico 08: 734/716/734 TU/EX/EQ
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.