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Navchek LOC

Regular Contributor

Re: Navchek LOC

I had 12 cents in savings. It all came out of the LOC. NFCU was not my main bank, though I think I am going to have one of my direct deposits transferred in.


Granted it was all of 73 dollars at the grocery store, but I was curious. My main bank has a OLOC which works with checks but your check card is denied. However, it does let you xfer money into checking online which NFCU does not. (you really don't need to xfer if the card works though.)

Starting FICO, June 2010: EX-581, EQ-581, TU-581
Now: EX-742 EQ-710 TU-709

Currently: NFCU Platinum Visa 18K, BECU Visa 15K, Navchek 15K, Vystar+ CU Platinum Visa 10000, AMEX Delta SkyMiles 9K, Military Star 8200, Nordstrom VS 7800, Macys 7600, Lowes 6K, Pier 1 6K, Mohawk Floor 4500, TJX Mastercard 4K, Pottery Barn 4K, Amazon 3600, Talbots 3000, Barclaycard 2400, Ann Taylor 2280, Ballard Design, 1500, Victorias Secret 750, NY&CO 500, J.Crew 300

Message 11 of 12
Frequent Contributor

Re: Navchek LOC

Thanks for checking, silverzgirl. I think what I saw may have something to do with cash withdrawals from the LOC, or network ATM's, or both.

And I agree it would be nice to be able to transfer from the LOC directly into your checking account, but I can also see the logic where it's ill advised to tap the LOC for cash you already have since the interest accrues daily. In any scenario where you're holding onto cash (like in anticipation of paying off a credit card balance in a few days), I'm pretty sure you'll just end up paying more in interest versus just tapping the LOC again when you actually need it.


Anyway, I've never had a LOC before, and I am really loving how useful it is.

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Message 12 of 12