We’ve long said that when you join Navy Federal Credit Union (NFCU) they will do a hard pull on your credit report. Reader John points out that this isn’t always the case but there is some variance. The take aways are:
- When opening a savings account directly there is almost no chance a hard pull will be doing
- When opening a checking account a hard pull will sometimes be done. Some seem to think this is because people are forgetting to opt out of overdraft protection but some datapoints suggest this isn’t the case.
- If you open your membership over the phone a hard pull will almost certainly be done, especially if you discuss any other products such as a credit card (even if you don’t open those products)