You don't need to use the account extensively. I barely used it for years and I was able to get 2 cards and approved for an auto loan.
What do you mean by "slow"? Direct deposit? External transfers?
@Trekkie0707 wrote:
@TheRedHat wrote:What do you mean by "slow"? Direct deposit? External transfers?
External transfers. Bill pay feature.
Yes, I have found that NFCU is sometimes slow in those 2 departments.
With external transfers, though, if you are pushing a transfer from NFCU to an external account, I have found NFCU to be the fastest in the business. As to pulling a transfer into checking.... you can't do it at all. Why that is, I have no idea. You can push a transfer to NFCU but there I would agree that it may take a while to become available.
As to bill pay, it all depends on whether it's going to be electronic or paper check, and I have found that NFCU billpay is less likely than many other billpay operations to classify the payment as electronic. But if you get it set up as electronic, they're as fast as anyone else.
If you open an account at PenFed, though, you will see that for the first 6 months they are slow on availability of funds. After that they're lightning fast on everything. And they are super fast on pulling transfers.
@Trekkie0707 wrote:Hi friends!
I joined NFCU 6 months ago because I wanted access to some of their products. I'm a rebuilder so I wanted to use the checking account to build a relationship. But their checking account is sooo slow to do everything. Lol. It just seems like every transaction takes forever and coming from Chase and CapOne I'm just not used to that. I can live with it if I need to in the name of the relationship. But I'm just shocked at how slow everything moves.
to get their products down the road how important is it that I actually use their checking as my primary checking. I already have a secured card with them.
I also recently joined PENFed. Have a tiny direct deposit going there bi weekly. Is there checking account any better?
Would love thoughts on this.
thanks fico friends!
I had or should I say still have checking with NFCU. Dont use it due to being slow. I have one of my retirement DD go to PENFED. Comes a day early. Then I transfer some of it to Chase. PENFED is quicker than NFCU when it comes to payments when I do use it. Keeping Chase as main for when my BK falls off. Got the SUV loan with Chase. Then I'll grab a card with them when the time comes. I know it isnt a realtionship based bank. But least their name is on my reports. 
@FireMedic1 wrote:
@Trekkie0707 wrote:Hi friends!
I joined NFCU 6 months ago because I wanted access to some of their products. I'm a rebuilder so I wanted to use the checking account to build a relationship. But their checking account is sooo slow to do everything. Lol. It just seems like every transaction takes forever and coming from Chase and CapOne I'm just not used to that. I can live with it if I need to in the name of the relationship. But I'm just shocked at how slow everything moves.
to get their products down the road how important is it that I actually use their checking as my primary checking. I already have a secured card with them.
I also recently joined PENFed. Have a tiny direct deposit going there bi weekly. Is there checking account any better?
Would love thoughts on this.
thanks fico friends!
I had or should I say still have checking with NFCU. Dont use it due to being slow. I have one of my retirement DD go to PENFED. Comes a day early. Then I transfer some of it to Chase. PENFED is quicker than NFCU when it comes to payments when I do use it. Keeping Chase as main for when my BK falls off. Got the SUV loan with Chase. Then I'll grab a card with them when the time comes. I know it isnt a realtionship based bank. But least their name is on my reports.
Thanks for the info. I have a cap one checking account that I just love the functionality of. Maybe I'll just go back to DD in that account and set a smaller DD to NFCU just so I have DD with them. Like $20 per pay check or something.
@Trekkie0707 wrote:
@FireMedic1 wrote:
@Trekkie0707 wrote:Hi friends!
I joined NFCU 6 months ago because I wanted access to some of their products. I'm a rebuilder so I wanted to use the checking account to build a relationship. But their checking account is sooo slow to do everything. Lol. It just seems like every transaction takes forever and coming from Chase and CapOne I'm just not used to that. I can live with it if I need to in the name of the relationship. But I'm just shocked at how slow everything moves.
to get their products down the road how important is it that I actually use their checking as my primary checking. I already have a secured card with them.
I also recently joined PENFed. Have a tiny direct deposit going there bi weekly. Is there checking account any better?
Would love thoughts on this.
thanks fico friends!
I had or should I say still have checking with NFCU. Dont use it due to being slow. I have one of my retirement DD go to PENFED. Comes a day early. Then I transfer some of it to Chase. PENFED is quicker than NFCU when it comes to payments when I do use it. Keeping Chase as main for when my BK falls off. Got the SUV loan with Chase. Then I'll grab a card with them when the time comes. I know it isnt a realtionship based bank. But least their name is on my reports.
Thanks for the info. I have a cap one checking account that I just love the functionality of. Maybe I'll just go back to DD in that account and set a smaller DD to NFCU just so I have DD with them. Like $20 per pay check or something.
If you do decide to set up direct deposits with NFCU, you can get 1-day early direct deposit with them, just as you do with PenFed. But with NFCU it's not automatic. You have to call up to get it implemented. Sometimes you have to call several times to get it done. But once it's done, it keeps on working.
I'm just switching to NFCU from Capital One so this thread is good information for me since I get DD's and want them early as I get them with Capital One whom I'm switching away from.
Capital One isn't bad, but no local branches is a headache when I need to deposit cash.
My experience so far though as for deposits (incoming not outgoing) has been fast. Moved funds from PayPal to NFCU on Saturday and they were there this morning with no instant transfer fee nor Debit Card on file with PayPal yet for NFCU.
We'll see how the rest of it goes.
