Reply
Regular Contributor
fltn
Posts: 249
Registered: ‎12-26-2012

NavChek question

[ Edited ]

Can I transfer money from my navchek to my checking account, and if so will it be available instantly?

 

Also will my CC's with them do that also?

 

I need to show funds in my account to put an offer on a 13K condo.

 

I know it is expensive to do it this way, but it is rent ready, and if I get it, I already have a renter and can pay it back in 6 months.

Currently "freezing" in the garden!
Regular Contributor
fltn
Posts: 249
Registered: ‎12-26-2012

Re: NavChek question

Anyone?

 

I heard that is how I can get a cash advance off of my cc with navy, just not sure if I can do navcheck the same way.

 

Thank you in advance.

Currently "freezing" in the garden!
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: NavChek question

You can't get a cash advance on navcheck the same way. You literally have to cash a paper check from your line of credit checkbook, or purposefully overdraw your checking account

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Mega Contributor
Creditaddict
Posts: 16,869
Registered: ‎10-23-2007

Re: NavChek question


webhopper wrote:
You can't get a cash advance on navcheck the same way. You literally have to cash a paper check from your line of credit checkbook, or purposefully overdraw your checking account

Are you sure?

 

The credit Card you can transfer to your checking account and it's always been instant for me... I have done it for up to $6700 recently... some have reported just needing to verify it was them next day on phone or something, but I have not had that issue yet

it's also not really that expensive... well I guess if taking long term it is, but it doesn't cost anything to use off credit card, just start paying interest right away...

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: NavChek question

Yep, I've tried... I couldn't find a way to do a cash advance from navcheck other than just depositing a check that I wrote to myself. Navcheck is kind of weird. If you want to pay for something with navcheck, all you have to do is transfer funds from checking to sharesavings, then use nfcu bill pay, or your checking account info to pay.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: NavChek question

By the way, the funds have to be sourced and I don't think that is an acceptable source for funds needed to close.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Regular Contributor
fltn
Posts: 249
Registered: ‎12-26-2012

Re: NavChek question


webhopper wrote:
By the way, the funds have to be sourced and I don't think that is an acceptable source for funds needed to close.

You mean for the condo?

It is a cash sale, I just need a cashiers check for payment.

 

Currently "freezing" in the garden!
Regular Contributor
fltn
Posts: 249
Registered: ‎12-26-2012

Re: NavChek question


webhopper wrote:
Yep, I've tried... I couldn't find a way to do a cash advance from navcheck other than just depositing a check that I wrote to myself. Navcheck is kind of weird. If you want to pay for something with navcheck, all you have to do is transfer funds from checking to sharesavings, then use nfcu bill pay, or your checking account info to pay.

You mean transfer any cash you have in checking, then use bill pay from checking? That way it doesn't take your cash if acct is empty and will have to come directly from Navchek?

Currently "freezing" in the garden!
Regular Contributor
fltn
Posts: 249
Registered: ‎12-26-2012

Re: NavChek question

Another thought, to get cash faster from navchek, nfcu told me that I could access the loc using a loc check at nfcu, so I suppose I could write myself a check and they would cash it in the branch. Anyone ever do that?

Last time I used it, I just wrote my mom a check, but she had to wait for the 10 day hold to get the cash. I am just trying to avoid that hold.

 

 

Thanks for all of the replies so far.

Currently "freezing" in the garden!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+