Second Chance Checking

Second Chance Checking

Re-establish your checking relationship! We all make mistakes at one time or another and sometimes we just need somebody to give us a second chance. That’s where Second Chance Checking comes in. We’re not saying it will be easy, we’re saying it will be worth it.

Who’s Eligible:

  • Members who have closures on Chexsystems less than $500.00. (Must not be delinquent on any PEFCU Loan or have caused PEFCU a loss in the past)

Features of Second Chance Checking Account:

  • Debit Card with a limit of $500.
  • Check writing Capability
  • E-Statements ($1.00 fee for paper statements)
  • Mobile Banking
  • Online Banking

Stipulations of Account: 

  • Monthly service fee of $7.00
  • Account cannot be negative for more than 30 days & cannot exceed ($100.00) of the account will be closed and may not be reopened.
  • Direct Deposit is Preferred – but not required
  •  The debit card daily limit is $500
  • No Courtesy Pay
  • No Bill Pay
  • No Third Party checks

Eligibility to move on to a regular Penn East FCU Checking Account: 

  • After 12 months, if the Second Chance Checking Account is in good standing and all Balance Modules are completed with an 80% or higher score, then you can apply for a Regular Checking Account.