topic Re: Navy checking questions? in General Credit Topics

Navy checking questions?

StillLearning — Thu, 23 Jun 2011 12:56:30 GMT

DH was just accepted with Navy Fed last week, and has just turned in direct deposit paperwork. In reading Navy's packet of information though, I'm not sure about their "availability of funds" policy. His pay is normally in the bank and available first thing every Thursday, and earlier for holidays. Will this be the case with Navy? Will we have to allow for extra posting time? Anyone familiar with this? Thanks!

Re: Navy checking questions?

Anonymous — Thu, 23 Jun 2011 17:00:18 GMT

I have direct deposit to checking with NFCU. My employer pays Fridays every other week. The deposit always shows "pending" on my NFCU account on Thursday and is available in full the correct day (Friday). Also any transactions posted on Thursday night (debits) are taken after the deposit credit. I don't run close to zero in my account (and I have a 5K LOC for overdrafts) but if I did the order of credit / debit would keep me from paying OD fees.

Also if due to holidays the payroll goes early it is available early.

NFCU ROCKS!!!

Re: Navy checking questions?

GB44 — Thu, 23 Jun 2011 21:10:14 GMT

My Navy direct deposit always posts on a specified date................While my other CU posts the date of receipts. For me, it always results in a 1 day lag with Navy.

Re: Navy checking questions?

StillLearning — Fri, 24 Jun 2011 00:04:30 GMT

Thanks! Guess we'll just have to wait and see!

Re: Navy checking questions?

Anonymous — Sat, 25 Jun 2011 12:08:53 GMT

Not sure about civilian direct deposit, but for military DFAS tells the bank which day to make the money available. Of course, many banks don't listen and post as of day of receipt.

Re: Navy checking questions?

StillLearning — Sat, 25 Jun 2011 15:46:58 GMT

Thanks for the response - it sounds like it will be business as usual, hopefully we will find out this Thursday Now, if only they'd respond to my membership application - the wait is killing me