Pentagon federal credit union mobile deposit funds availability

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Is PenFed mobile deposit instant?

In general, all the funds of a deposit or transfer become available within five business days. The following list provides examples of transactions where all funds are immediately available: Cash.

Does PenFed credit union have mobile deposit?

Get PenFed Mobile for your iOS or Android device and enjoy fast, easy banking on the fly. Deposit checks wherever you are. Check your balances and account transaction details on the fly.

How long does it take PenFed to approve a check?

Generally, PenFed borrowers who select a direct deposit option receive loan funds within one to two business days after application verification. Those who opt to receive their loan by check can expect funds within five to seven business days.

How much is PenFed mobile deposit limit?

For security reasons, limitations are placed on the number of and dollar amount of ACH deposits or payments you make. This includes ACH transfers made to your PenFed account or to your account at another financial institution. The daily limit is $2,500 for incoming transfers and $2,500 for outgoing transfers.