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NAVY FCU CLOC questions

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Member

NAVY FCU CLOC questions

Quick background. had a 2k nfcu cc, asked for 10k, they gave me 16k  for a total of 18k in CC (blue go rewards visa). I then asked for the cloc for 15k. Approved it. Got the promissary note in the mail today as a matter of fact! 16% interest I think it is.

 

Here are my questions:

 

1) If I have 0 dollars in NAVY checking account, it will go to -500 if I ask for 500 at an atm? I simply either pay it off each month or make payments at the % rate above?

 

2) I do not have any checks with my navy checking, should I order some so I can write a check if I need to make a large purchase? Will the above apply the same with a written check?

 

I did ask them about the limits. They said $500 at the ATM every 24 hours and 3k limit for a purchase per day. If I needed to make a larger purchase, call and they would put it through.

 

Just curious if anyone has written a check for more than the 3k daily limit and if they called like I was told to?

 

Thank you!

Message 1 of 13
12 REPLIES 12
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Valued Contributor

Re: NAVY FCU CLOC questions

NAVY FCU

 

You can actually transfer from

 

Credit Card --> Checking

CLOC --> Checking

 

 




AU on: 2008 Sears MC $2,001 | 2016 SEARS Store Card $2,001 | 2011 Synchrony Home $5,500 | 2003 FNBO Visa $9,900 | 2008 Macys Amex $1,900 | 2008 Kohls $2,000 | 2008 JC Penny $4,500 | 2016 TJX Mastercard $1,500 | 2019 SDFCU PowerCash Visa $10,000 | 2018 AAdvantage Aviator MC $5,600 | 2018 HSN $4,500 | 2016 Local Credit Union Visa $5,000.
Member of: Andrews FCU (Share) | PENFED CU (Checking/Share/Credit) | SDFCU (Share) | Alliant CU (Checking/Share) | NASA FCU (Share) | NWFCU (Checking/Share) | Ally Bank (Checking/Savings) | BofA (Checking/Share) | Navigant CU (Share) | Greenwood CU (Checking/Share) | Elements Financial CU (Share) | Ocean State CU (Share) | SDFCU (Share) | Wells Fargo (Checking) | RI Credit Union (Share) | US Financial FCU (Checking 2 Day Early Direct Deposit/Share) | CashApp | PayPal Premier (for free direct deposit access with cash card) | Paypal Business (Grandfathered 1.5% Cash Back on Biz Debit) | Apple Pay Cash | and Venmo.
WISH LIST: Hanscom FCU (For the 2 day early direct deposit).
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Message 2 of 13
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Member

Re: NAVY FCU CLOC questions

ty!

Message 3 of 13
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Super Contributor

Re: NAVY FCU CLOC questions

Not true. You can't xfer from LOC to checking. You can only access it by over drafting your account or writing a check (ask for some navchecks)
i am on mobile so i don't see your desktop signatures
Message 4 of 13
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Moderator Emeritus

Re: NAVY FCU CLOC questions


@2011XTERROR wrote:
Not true. You can't xfer from LOC to checking. You can only access it by over drafting your account or writing a check (ask for some navchecks)

Correct but even if you get checks you cant write one to deposit into your checking account.  You can deposit it another bank account but not your NFCU one.

Message 5 of 13
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Super Contributor

Re: NAVY FCU CLOC questions

I know.. That isn't what I was saying though.
i am on mobile so i don't see your desktop signatures
Message 6 of 13
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Established Contributor

Re: NAVY FCU CLOC questions

How long did it take for the promissory note? I was approved on the 5th but didn't receive it yet
Current Fico EQ 690 TU 689 EX 651 Goal-780+
In My Wallet- Credit One Visa $1350 Credit One MC $650 Discover it (07/15) $3.9k VS (05/15) $1550 Apple Barclay (08/15) $4K Paypal MasterCard (08/15) 8K Amex ED (08/15) 2K BMW Auto (12/15) BMW Visa (12/15) 2.5K Cabela's Visa 3K (1/16).Virgin America Visa 2.9K (1/16) Care Credit 2K (03/16) Stash Visa 8K (03/16) Capital One QS1 3.5K (03/16) Marvel MasterCard (04/16) $250 Penfed Cash Reward $13,5K Penfed PLOC 8K (04/16) Barneys 4.75K (04/16) Macys $1200 (04/16) NFCU GoR $17.9 (05/16) NFCU CLOC 15K (05/16) Walmart 07/17 $700--Back in the garden until early 2018--- Time to pay down some of these bills
Message 7 of 13
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Super Contributor

Re: NAVY FCU CLOC questions

You may want to check to make sure the address is right. It should only take under a week. If you don't get it by Friday I'd call
i am on mobile so i don't see your desktop signatures
Message 8 of 13
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Established Contributor

Re: NAVY FCU CLOC questions

Okay! I received my credit card and some other mail about my credit score but no debit card or promissory note......
Current Fico EQ 690 TU 689 EX 651 Goal-780+
In My Wallet- Credit One Visa $1350 Credit One MC $650 Discover it (07/15) $3.9k VS (05/15) $1550 Apple Barclay (08/15) $4K Paypal MasterCard (08/15) 8K Amex ED (08/15) 2K BMW Auto (12/15) BMW Visa (12/15) 2.5K Cabela's Visa 3K (1/16).Virgin America Visa 2.9K (1/16) Care Credit 2K (03/16) Stash Visa 8K (03/16) Capital One QS1 3.5K (03/16) Marvel MasterCard (04/16) $250 Penfed Cash Reward $13,5K Penfed PLOC 8K (04/16) Barneys 4.75K (04/16) Macys $1200 (04/16) NFCU GoR $17.9 (05/16) NFCU CLOC 15K (05/16) Walmart 07/17 $700--Back in the garden until early 2018--- Time to pay down some of these bills
Message 9 of 13
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Established Member

Re: NAVY FCU CLOC questions

there is no debit card for CLOC. its like overdraft protection without the overdraft fee. You can use your check debit card to access it. the CLOC will kick in if you use more than what you have available in your checking. i hope that helps.

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