How to Close a Navy Federal Account

Steps to Close Your Navy Federal Account

• Contact Navy Federal to initiate account closure:

  • Call 1-888-642-6328 to speak with a representative about how to close your Navy Federal account
  • Visit a Federal Branch of the Navy in person to cancel your Navy Federal membership
  • Go to marinefederal.org and submit an account closure request to start the Navy Federal account closure process

• Prepare before closing your Navy Federal account:

  • Stop everything automatic bill payments And deposits linked to the account you want to close
  • Open a new account at another financial institution if necessary before canceling your Navy Federal membership
  • Make sure everything pending transactions are completed before initiating the Navy Federal account closure process

• Handling Special Circumstances When Closing a Navy Federal Account:

  • For joint accountsremove the other account holder first before proceeding with account closure.
  • To close an account for a a deceased loved onecall 1-800-8-323 for specialized assistance with the Navy Federal account closure process

• Be Aware of Potential Issues When Closing Your Navy Federal Account:

  • The Federal Navy can return deposits Or checks received after account closure
  • The credit union could reopen the account closed to process credits and debits

Important Considerations for Closing the Navy Federal Account

Account Status

• Make sure your account has a positive balance before closing to avoid issues with the Navy Federal account closure process
• If your account is uncoveredyou may need to pay the negative balance before canceling your Navy Federal membership

Documentation

• Expect to receive a account closure notice by mail in 30 days to complete the Navy Federal account closure process
• Keep this documentation for your records after you close your Navy Federal account

Credit impact

• Closing an account generally does not mean have a negative impact on your credit score when you cancel your Navy Federal membership
• However, if there is unresolved issues Or unpaid balances When you close your Navy Federal account, it could affect your credit

FAQs

How do I close my Navy Federal account?

To close your Navy Federal account, you can call 1-888-642-3628, visit a branch in person, or submit a closure request at Navyfederal.org. Be sure to stop all automatic payments and fund transfers before initiating the closing process.

What is the process for closing the Navy Federal account?

The Navy Federal account closure process involves contacting the credit union, preparing your account by stopping automatic transactions, ensuring a positive balance, and following their instructions to complete the closure. You may receive notice of account closure within 30 days.

Can I cancel my Navy Federal membership online?

Yes, you can start the process of canceling your Navy Federal membership online by submitting an account closure request through Navyfederal.org. However, you may need to follow up with a phone call or visit a branch to complete the process.

What should I do before closing my Navy Federal account?

Before closing your Navy Federal account, stop all automatic bill payments and deposits, open a new account at another institution if necessary, ensure all pending transactions are completed, and transfer any remaining funds out of the account.

Will closing my Navy Federal account affect my credit score?

Generally, closing your Navy Federal account does not negatively impact your credit score. However, if there are unresolved issues or outstanding balances when you close the account, it could potentially affect your credit.