Welcome to Navy Federal (2024)

FAQs

Is Navy Federal offering $50 joining bonus? ›

Offer valid May 1 - May 31, 2024 and can expire anytime without prior notice. To receive the $50 bonus to your share savings account, you must 1) be 18 or older and eligible for membership, 2) join Navy Federal between 5/1/2024 and 5/31/2024, and 3) open a new Navy Federal credit card account within 14 days of joining.

So you're thinking of joining Navy Federal Credit Union? Good news. If you're a servicemember, veteran of any branch of the armed forces or a Department of Defense employee, then you're eligible to join. Your immediate family and household members are also eligible.

The Special EasyStart Certificate has a $50 minimum balance and a $3,000 maximum contribution limit. Additional deposits are allowed at any time subject to the maximum contribution limit.

An enlistment bonus may be paid upon completion of training and award of the designated military specialty in periodic installments, as determined by the appropriate Secretary, except that the first install- ment may not exceed $7,000 and the remainder shall be paid in equal periodic installments which may not be paid ...

Navy Accessions Training (NAT) and Prior Service (PS) Sailors bonuses have been increased to $20,000 for 3 years of SELRES service for all rates in the Navy Reserve. 2. This policy applies to all NAT and PS Sailors affiliating with the drilling Selected Reserve on or after March 24, 2023.

The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. You might be able to get other Navy Federal Credit Union credit cards with bad credit. You also have to be an NFCU member to apply for one of their credit cards.

Navy Federal charges a $29 overdraft fee and a 1% foreign transaction fee. Navy Federal charges $1 for ATM transactions outside of Navy Federal or Co-op Network ATMs. No monthly service fee.

Co-signers and secured options available: While it doesn't disclose its minimum credit requirements on its website, Navy Federal does allow for co-signers and offers secured loans for those with less-than-stellar credit.

Text, Social security number, Driver's license or government ID, Credit card or bank account and routing number. And when you do join, you can enjoy low fees market-leading rates, member-exclusive discounts, easy digital banking and award-winning service.

Make answers to the security questions just as strong as your passwords. “Statistically, the longer a password — or answer to a security question — the more difficult it is for someone to guess,” as Jordan Holz, CIPP/US, advises in a post via International Association of Privacy Professionals (IAPP) website.

Is my money safe in Navy Federal Credit Union? ›

Strong, Safe and Secure

The National Credit Union Administration (NCUA), a U.S. Government Agency, insures members' savings up to $250,000 and IRA funds up to $250,000. We always adhere to sound financial underwriting practices. We're regularly audited by PricewaterhouseCoopers LLP, an independent auditing firm.

Everyone who gets approved for the Navy Federal Platinum Credit Card is guaranteed a credit limit of at least $500, but the higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.

The daily cash limit is $1,000, which includes withdrawals at NFCU proprietary ATMs, manual cash at NFCU financial institutions, and cash back with a purchase at participating merchants. Daily limits may vary for other types of transactions.

For Flagship Checking, no monthly service fee if average daily balance is $1,500 or more; $10 if less than $1,500. Free Active Duty Checking® account includes free personalized traditional checks.

Navy Enlistment Bonus up to $40,000* (Enlistment Bonus Source Rates (EBSR) vary based on jobs. EBSR is earned and payable upon graduation from A or C school.)

Refer new Senior NCOs for membership, and you'll get $100 for each one who joins. Remember to provide referrals with your Access Number. Call Us Today.

Bonuses are taxed at the regular income rate. If you're in a higher tax bracket, then you may end up owing money when you file your taxes. How much you earn during a tax year determines the tax rate that applies.

Qualified active duty recruits may be eligible for a combination of bonuses totaling up to $50,000. The maximum bonus for a three, four, five, or six-year contract is based on periodic updates and is subject to change.