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USAA Checking Account

in Checking Accounts

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USAA Checking Account

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in Checking Accounts

SuperMoney Net Recommendation Score -33% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

1 users recommend
4 users are unsure
4 users don't recommend
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Overview

USAA was founded in 1922 by 25 army officers as a way to insure each other’s vehicles when nobody else would. Today USAA is still an auto insurance company—the sixth largest in the United States—but it’s also a bank with $25 billion in assets and 10.3 million members. It has great rates and no monthly fees, but it only takes on customers who are linked to the armed forces.

What Are USAA’s Classic Checking And Savings Accounts Like?

USAA Classic Checking offers service members a truly free checking account with:

- No monthly service fees
- No minimum balance. New recruits don’t even have to make an initial deposit to open an account.
- Provides a complete, printable 1199A form.
- Free transfers and bill payments.
- 60,000 surcharge-free ATMs.
- USAA refunds up to $15 of out-of-network ATM fees.
- Free direct deposits.

USAA’s savings account has the following features:

- No minimum balances.
- Only requires $25 to open.
- USAA Savings offers an APY of 0.05% to 0.15% for balances under $25,000.
- No monthly fees, regardless of your balance.
- Goal-planning tools.
- Customers can deposit money online or at over 2,000 UPS store locations.

USAA Performance First is USAA’s premier savings account. Requires $10,000 to open but offers rates of 0.05% to 0.30% depending on the balance.

What Are The Advantages And Disadvantages of USAA’s Classic Checking And Savings Accounts?

There isn’t much to dislike about USAA, apart from the fact it is not available to everyone. To join you have to be an active or retired military service member, a cadet, or related to people who were USAA members. USAA offers great checking and savings accounts with no monthly service fees and no minimum balance. Its rates are not particularly high but higher than most banks. There are no service fees and users can access their money from 60,000 ATMs. If they can’t find a surcharge-free ATM, USAA will pay up to $15 a month in ATM fees. Customers can even transfer their money to any bank in the United States without paying a fee up to six times a month.

USAA CHECKING ACCOUNT Disclosure: Membership is open to active and former military, eligible family members, and cadets or midshipmen.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Stop Payment Fee
$29
Foreign Transaction Fee (Debit Card)
$1
Returned Deposit Fee
$5
Overdraft Item Fee
$25
NSF Fee
$29
APY Minimum Balance
$1,000
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of citizenship/residence (Green Card)
Bauer Financial A+/A Rating
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Account Features
  • ATM Reimbursement
  • Bauer Financial A+/A Rating
  • CDs
  • Checking
  • Debit Card
  • Debit Card Lock/Unlock
  • FDIC Member
  • Free Bill Pay
  • Get Paid Early
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Savings
  • Visa/Mastercard
  • Zero Liability Policy
Savings Interest Rate
Starting at
0.05%
Checking Interest Rate
Starting at
0.01%

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