Pennant is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services are provided by Bellrose Financial Group, Member FDIC, and Marlin Trust Bank, Member FDIC. The Pennant Northlink® debit card is issued by Bellrose Financial Group pursuant to a licence from Northlink U.S.A. Inc. and may be used everywhere Northlink debit cards are accepted. The Pennant Northlink® secured charge card is issued by Marlin Trust Bank pursuant to a licence from Northlink U.S.A. Inc. and may be used everywhere Northlink credit cards are accepted. Please see the back of your card for its issuing bank. A Pennant Individual Account is required to apply for the Pennant Northlink® secured charge card. Independent approval required.
FDIC insurance
Pennant is a financial technology company, not an FDIC-insured bank. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance up to $250,000 is available on customer funds through pass-through insurance at Bellrose Financial Group, Member FDIC, and Marlin Trust Bank, Member FDIC, where we have a direct relationship for the placement of deposits and into which customer funds are deposited, but only if certain conditions have been met. There may be a risk that FDIC insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.
Faster direct deposit
Faster direct deposit is based on a comparison of traditional banking policies and deposit of paper cheques from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of the payer's submission of deposits.
Fees
Some fees may apply, including out-of-network ATM fees, late payment fees, and other fees. For more information please see the Pennant Build Card Rates & Fees and the Pennant Deposit Account Agreement.
Savings Jars
Boost bonuses are credited to your Savings Jars within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Jar has accrued a Boost bonus of at least $0.01. The Boost rate is variable and may change at any time. The disclosed Boost rate is effective as of 3 March 2026. You must have at least $0.01 in Savings Jars to earn a Boost rate of either 0.35% or 4.25% annually on the portion of balances up to $3,000 per Savings Jar, up to $8,000 total. The remaining balance earns 0.00%. A qualifying payroll direct deposit of $250 or more is required to earn a Boost rate of 4.25%. No minimum balance required. Please refer to the Pennant Boost Terms and Conditions.
Fee-free overdraft
Actual overdraft amount may vary and is subject to change at any time, at Pennant's sole discretion. In order to qualify and enrol in the fee-free overdraft feature, you must receive a minimum of $250 or more in eligible direct deposits into your Pennant Account over the preceding 30-day period and fulfil all other requirements subject to Pennant's discretion. Negative balances must be repaid within 60 days of the first eligible transaction that caused the negative balance. For more information, please refer to the Fee-free Overdraft Terms and Conditions. Individual Pennant Accounts only.
Points
Earning rates over 1× are only available on Individual Pennant Accounts when you make purchases at our participating partner merchants. After qualifying, please allow three to five business days for points to post to your Pennant account. The Pennant Points programme is not available to Teen Account holders. See the Pennant Points Terms and Conditions.
Crypto
Cryptocurrency services are powered by Anvil Clearing LLC and Anvil Liquidity Services LLC, and may not be available in all states. Terms and conditions apply. When you buy or sell cryptocurrency, a difference between the current market price and the price you buy or sell that asset for is called a spread. However, unlike most other exchanges, Pennant does not charge an additional trading fee. Cryptocurrency transactions are a form of investment, and all investments are subject to investment risks, including possible loss of the principal amount invested. Cryptocurrency is not insured by the FDIC or any other government-backed or third-party insurance. Your purchase of cryptocurrency is not a deposit or other obligation of, or guaranteed by, Bellrose Financial Group or Marlin Trust Bank. The cryptocurrency assets in your Anvil account are not held at Pennant, Bellrose Financial Group, or Marlin Trust Bank. Pennant, Bellrose Financial Group, and Marlin Trust Bank are not responsible for the cryptocurrency assets held in any Anvil account. Neither Pennant, Bellrose, nor Marlin Trust Bank is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies. Terms and conditions apply (platform and user agreements). Crypto on Pennant is not currently available in HI. Licensed to engage in virtual currency business activity by the state financial services regulator. This does not constitute investment advice.