Pentagon Federal Credit Union (PenFed) announced the credit union has joined the Allpoint Network, which means PenFed members now have access to America’s largest surcharge-free ATM network, with some 55,000 surcharge-free ATMs worldwide.
“This is wonderful news for PenFed members. As a best-in-class financial service provider, it is important that our members have convenient and surcharge-free access to their funds,” said Kevyn Myers, executive vice president and chief operating officer with PenFed.
Myers continued, “The Allpoint Network provides enhanced access to funds in more ways than one. With the recent launch of our new Access America checking, a low cost checking account that includes free online bill payment and world-class online and mobile banking, the Allpoint Network partnership allows us to expand our aggregate network of free ATMs for PenFed Access America checking members to more than 56,000 worldwide.”
In addition to PenFed’s branch locations and ATMs, with Allpoint Network, PenFed members will never be far away from surcharge-free ATM access to their cash, especially in the United States where Allpoint offers 43,000 cash machines in places they’re already visiting as part of their daily routine. Conveniently located in destination retail outlets, including major discount retailers, convenience, grocery, and pharmacy stores, Allpoint Network ATMs save PenFed members time as well as ATM fees.
“By becoming an Allpoint Network member financial institution, in an instant PenFed grows its surcharge-free ATM footprint to more than double that of even America’s largest bank,” said Bill Knoll, managing director, Allpoint Network.
“People want a financial services provider that delivers the most convenient account access and management options, and that includes cash access. With Allpoint Network surcharge-free ATMs, PenFed can meet their member’s cash access needs in a way that works best for them—in the conveniently located stores that are already part of their lives,” said Knoll.
