I'm shipping out to Fort Jackson next year and my recruiter gave me this Direct Deposit Sign-Up Form and told me to sign up for a checking account. I'm just wondering what bank would be a good choice.
You might use a local bank in your home town that is used by your parents. You would need to go to th e bank and set up an account. Normally there is an initial deposit required.
I personally would consider a local credit union to set up an account for by banking. In this case you would need $25.00 to open your account. This $25.00 would be placed in your savings account.
In using a credit union, you would
#1.Be issued a debit card
#2. Be issued a credit union credit card (The interest rate on a credit union issued credit card is 8% as oppose to 24% of a bank issued credit card
You are able to use your debit and credit card any place in the world.
When and if you decide to get out of the military, your bank account would be local.
From a combat veteran, thanks in advance for the service to your country.
I hope this has been of some benefit to you, good luck.
USAA or another credit union.
Credit Unions are banks that are owned by its members, not investors. As such, the Credit Union can offer the members (you) better interest rates for your checking and savings accounts, as well as lower rates on loans. Credit unions do not charge service fees, and will refund ATM fees.
Other than that, Credit Unions act exactly like a normal bank.
I wold go with the Navy Federal Credit Union. Many Army bases have different credit unions but the navy is all the same no matter where it is. There are branches at almost any place you will be stationed.
They are much better then any bank is and they will do a better job for you without doing like most banks and pushing sales each time yo do business. they are also cheaper on their charges.
you can actually make a account with them also on line very easy...
Any bank convenient to you would be fine.
Most of the major banks are pretty much the same. For your use, pick the largest bank closest to your home. That might be beneficial when you come home.
A national bank, accessible from just about anywhere. USAA isn't bad either.
Bank of America, you can access it anywhere
a bank that is in multiple states
like bank of america, regions bank, wells fargo
I bank at USAA, my military affiliation is through my father.
I have found that they are absolutely the best, especially when you need to get cash overseas. You can get up to 10 free ATM withdrawals each month, and their online banking is easy. Customer service is phenomenal.
As most of their members are military, traveling worldwide, they make it very easy to bank there, regardless of where you live. I opened my account when I moved to San Antonio back in 1986. I have moved 3x since then and I still bank there.
Navy Federal Credit Union.
USAA for people in the military, who have served or who have parents who have served is a great bank if you don't need bricks and mortar stores.
Most bases will have a Navy Federal outlet, which is specifically geared towards helping service members and vets.
It really doesn't matter. They all will give you a debit card that you can use as either a Visa or MC, able to withdraw funds from practically any atm.
I would recommend a bank that has branch locations nation wide so no matter where you are stationed there should be a location fairly close. Also look at banks that do not charge for ATM withdrawals from non bank ATMs. or will waive them for military personnel. Which goes right back to a nation wide bank that will have ATMs nation wide.
(years ago) my base had a credit union on site. Very handy for cash transactions and financial help and advice and loans. Get some paper checks (hopefully free), and, when you qualify, a CREDIT card (and use it WISELY) !
Federal Credit Union is what you’re searching for.
I've been very happy with USAA credit union for over 30 years now.
There's very little to choose between the major banks. All of them will run an account that's suitable.
A credit union that caters to the military; there should be one near base. You can probably also access it online.
Look for a local bank they usually have free checking.