Navy Federal

Discussion in 'Naval Academy - USNA' started by blackhawkmom, May 26, 2010.

  1. blackhawkmom

    blackhawkmom Member

    Joined:
    Apr 9, 2010
    Messages:
    198
    Likes Received:
    0
    Sent in app-received card today only sent in the $5 enrollment. i know we can deposit money on I day at office in Mother B. any idea which plan it was they were enrolled in? Is it the best one should we check the other options?
     
  2. MJOmom

    MJOmom Member

    Joined:
    Apr 5, 2009
    Messages:
    224
    Likes Received:
    0
    My son has two accounts ... one at Navy Federal where his "pay" check is deposited ... one at our bank here. The checking account here is a joint one ... he is the main person, and I am on it ... this way I can easily transfer $$$ if he needs it ... and he has a debit card to the home-bank account ... if he needs cash, he can get it from any atm ... the Navy Federal is good to have ... I'm told it is worldwide ... we haven't had to check that part out yet!

    We also set up a yard card for him at the beginning of the year ... that was handy for the mid store and food places on campus
     
  3. Rengland

    Rengland Member

    Joined:
    Jan 5, 2010
    Messages:
    15
    Likes Received:
    0
    MJOmom -

    How did yo set up the yard card? Was he automatically issued one during Plebe summer or did you sign up on line? I have visited the web-site, but have not found how the process begins.

    Thanks.
     
  4. MJOmom

    MJOmom Member

    Joined:
    Apr 5, 2009
    Messages:
    224
    Likes Received:
    0
    We signed up for the Yard Card at the Mid Store ... during Parents Weekend ... there's an office way in the back left hand corner of the main clothing area ... I am not an expert on this ... but that's how we did it ... I seem to recall something coming in the mail over Plebe summer about signing up too ... You can add $$ to the card remotely once signed up ...

    They don't need much $$ over the summer, so send them with some cash ... but know there's almost no time, no opportunity to spend it ...
     
  5. Rengland

    Rengland Member

    Joined:
    Jan 5, 2010
    Messages:
    15
    Likes Received:
    0
    Thank you MJOmom
     
  6. MJOmom

    MJOmom Member

    Joined:
    Apr 5, 2009
    Messages:
    224
    Likes Received:
    0
    You're welcome .... and Welcome Aboard!!! It's an incredible year. The best phrase/advice I've seen ... Semper Gumbi ... always flexible ... it truly applies!
     
  7. Zaphod

    Zaphod Founding Member

    Joined:
    Jun 8, 2006
    Messages:
    2,952
    Likes Received:
    4
    Slightly OT....

    NFCU is wonderful because it is on every Navy and Marine base you can name. However, I wouldn't do NFCU alone.

    Join USAA. Trust me, you'll be glad you did! :thumb:
     
  8. marvin7794

    marvin7794 Member

    Joined:
    May 31, 2009
    Messages:
    300
    Likes Received:
    0
    My previous duty station had no NFCU branch or ATM's, but I use USAA as my primary bank. I advise having both as well.
     
  9. lovethenavy

    lovethenavy Member

    Joined:
    Feb 12, 2010
    Messages:
    255
    Likes Received:
    1
    We just received the paperwork for the NFCU and I can't thank all of you enough for your support and your help. We would be CLUELESS if it weren't for this site. Our other friends who have sons going to West Point think we are so in the know. :cool:
     
  10. blackhawkmom

    blackhawkmom Member

    Joined:
    Apr 9, 2010
    Messages:
    198
    Likes Received:
    0
    We added USAA to our banking yesterday-we will be basically closing out our local banking for our son. Kept savings just in case. USAA was wonderful--helped us through the whole process over the phone--great benefits as well as worldwide service ----we feel very comfortable about the decision to use USAA and Navy Federal. And I work for a nationwide bank -trust me these two have great programs to get theses young people on the road to financial success. Easy transfer services from other banks. We even set up a cking for us to make transfers just in case one would be needed. thanks for all the advice on this forum ---its invaluable.
     
  11. usaproud

    usaproud New Member

    Joined:
    Jul 1, 2009
    Messages:
    6
    Likes Received:
    0
    On the Navy Federal form that we received in the permit to report package two boxes are already checked the "Share Savings" box and the "Checking Account" box which one do they deposit the mids paycheck into? Thank you.
     
  12. PositiveThinking

    PositiveThinking Member

    Joined:
    Apr 15, 2009
    Messages:
    333
    Likes Received:
    2
    The bottom section of the form is the Direct Deposit Enrollment. Right above the line for the signature is a place where you can designate the primary account (checking or savings) and how much you want deposited each month (net pay or other). Since our son doesn't know his account number yet, he left that part blank. Be sure to make a copy and bring to I Day! :thumb:
     
  13. usaproud

    usaproud New Member

    Joined:
    Jul 1, 2009
    Messages:
    6
    Likes Received:
    0
    Thanks! Just so I know we are doing this right, we send the top portion in with our $5.00 check to open the accounts and then on I day they will fill out the bottom portion with the account number.
     
  14. jennyp

    jennyp Parent

    Joined:
    Nov 3, 2008
    Messages:
    828
    Likes Received:
    1
    My son did not want a yard card. Said he just uses the NFCU debit card. No advantage to the yard card, I guess. One more to carry around.

    We have not had to transfer $$ to him. He occasionally charges on a credit card we gave him. Like $50 per month. I occasionally stick some cash in a care package. At easter, I got those plastic eggs (camo ones from Wal-Mart) and put cash in some of the eggs. There doesn't seem to be much need for money.....

    I have this nightmare that he finishes at USNA and we get a bill for how much he has "charged" above and beyond what he could!! He has a scholarship worth $8000 that I hope takes up the slack! It's a mystery how the money is handled. I just tell myself that many have gone before us and survived.
     

Share This Page