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Military families at home or on the move need a bank that stays with them. Through online banking options, mobile tools and decent ATM fee reimbursements, USAA Bank ensures that members can access their money from anywhere. Free access to ATMs, however, is limited.
If you’re eligible for membership, the bank’s no-fee checking account and online budgeting tool deserve a closer look.
Ratings methodology | Updated November 6, 2019
USAA’s Classic Checking account has no monthly fee and a $15 monthly reimbursement for non-network ATM fees. USAA’s 1,200 branded ATMs are completely free and take deposits.
Customers can access more than 60,000 USAA-preferred ATMs at various locations nationwide, but only the first 10 withdrawals per month are free and deposits aren’t accepted. A $2 ATM fee applies after the tenth withdrawal per month. The interest rate is barely better than zero.
Military payday is a day early with direct deposit. USAA also has a Cashback Checking account that earns rewards on debit purchases, but it’s currently only available in a limited number of states in the U.S.