PenFed Offers Remote Deposit From Fiserv

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ALEXANDRIA, Va. – Pentagon FCU has implemented Consumer Source Capture from Fiserv to allow its members to make deposits any time from the convenience of their homes.

PenFed said it took a strategic approach in rolling out consumer capture to its members. The $15 billion credit union targets members who are in good standing, have been with the credit union for at least six months, and have a checking, share/savings or money market account. Member eligibility is checked on an ongoing basis, and if they are deemed eligible, no enrollment is required; the “Deposit Anywhere” link will appear online for the member’s accounts.

PenFed has set a daily limit of $5,000 total deposits per day and funds are immediately available after deposit.


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