Navy Federal Credit Union’s suite of accounts

This credit union offers daily dividends and fee-free accounts to service members and their families.

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Navy Federal Credit Union

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An extensive product suite and account dividends help distinguish NNavy Federal Credit Union‘s offerings. But eligibility is limited to military service members and its branch network is only available in some states.

What banking products does Navy Federal Credit Union

Consumer banking

Business banking

Why should I open an account at Navy Federal Credit Union?

Opt for this provider to access the following perks:

  • No-fee checking. Almost all of Navy Federal’s personal checking accounts offer ATM-fee rebates and charge no monthly maintenance fees.
  • Comprehensive selection. From money market accounts to personal loans, Navy Federal’s product suite is substantial.
  • Earns dividends. Since Navy Federal is a member-owned credit union, many of its financial products earn daily dividends.
  • Mobile banking. Bank on the go with Navy Federal’s free mobile app for Apple, Android and Kindle Fire devices.

What should I look out for?

Before you apply, consider the following:

  • Limited eligibility. Navy Federal Credit Union‘s products are restricted to US military service members, veterans, Department of Defense civilians and their families.
  • Poor online reviews. Navy Federal is not accredited, has a Trustpilot TrustScore of 2.6 out of 5 and a Better Business Bureau rating of 1 out of 5 stars based on 61 customer reviews.
  • Limited branch network. Navy Federal’s branch network doesn’t include Arkansas, Idaho, Indiana, Iowa, Maine, Massachusetts, Michigan, Minnesota, Montana, New Hampshire, North Dakota, Oregon, South Dakota, Utah, Vermont, West Virginia or Wisconsin.
  • Improper debt collection. In 2016, Navy Federal Credit Union was ordered by the Consumer Financial Protection Bureau to pay $28.5 million for debt collection misconduct, including making false threats and restricting account access for its members.

Compare with leading bank and credit union accounts

Name Product APY ATMs Fee
M&T Bank EZChoice Checking
Over 1,500 M&T Bank ATMs
$0
Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
M&T Bank MyChoice Premium Checking
M&T Bank MyChoice Premium Checking
0.05% on balances of $100,000+
0.03% on balances of $50,000 to $99,999.99
0.01% on balances of $1 to $49,999.99
Over 1,500 free M&T Bank ATMs and up to $2 rebates when using all other ATMs
$24.95/month
(can be waived)
Get up to $250 if you open a MyChoice Premium M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Chase Sapphire Checking
0.01%
Free to use anywhere worldwide
$25/month
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$0
A full-service account with convenient, surcharge-free access to two massive ATM networks.

Compare up to 4 providers

Navy Federal Credit Union customer service

Connect with Navy Federal in one of five ways:

  • Phone. Access member and account service 24/7 by calling 888-842-6328.
  • Mail. Send a query by mail to Navy Federal, PO Box 3000, Merrifield, VA, 22119-3000.
  • Live chat. Chat with a Navy Federal rep in real time, Monday through Saturday from 8:00 a.m. to 9:00 p.m. and Sundays from 10:00 a.m. to 6:00 p.m., EST.
  • In person. Visit your local Navy Federal Credit Union branch.
  • Social media. Raise a question or share feedback with Navy Federal on Facebook or Twitter.

Bottom line

Navy Federal Credit Union has a comprehensive suite of consumer and business banking products to choose from with accounts that pay dividends and round-the-clock customer support. But its eligibility is limited to military service members and its online reputation isn’t favorable.

Review your account options with additional providers to find an institution that meets your financial needs.

Frequently asked questions

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