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

CreditMama91
Contributor

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 3/25/2020 - EX@695(21) EQ@676(14) TU@733(18)
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Util - 8%
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1 REPLY 1
DaveInAZ
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?

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