3 Banks Where Vets Can Get A Free Checking Account

Current and former members of the military face unique financial challenges that vary from others. This can be a result of factors such as sudden deployments, changes in location, and unforeseen changes in the overall economy once their service ends. One good move for vets and military members is to have a checking account that is geared towards the specific lives that service members live. Here are some military-friendly free checking accounts through various banks to check out. 

USAA Classic Checking

The USAA classic checking account is a great option for members of the military because there is just a 1% fee for foreign transactions with withdrawals outside of America. It also comes with a survivorship program with included benefits. The checking account also is free to open and does not come with monthly fees. It is also relatively easy to open, with simply a $25 minimum 

Navy Federal Credit Union Free Active Duty Checking

Navy Federal Credit Union offers an exclusive variety of benefits to service members and is also incredibly supportive of veteran entrepreneurial endeavors. You can open this checking account without any cost at all, and will be able to access military pay from your account a business day earlier than you typically would. 

PenFed Access America Checking

PenFed Credit Union does an excellent job of not only taking care of service members but also their families. It has many of the perks that other military-friendly checking accounts have, but also without many of the requirements that other checking accounts have. There is a monthly service fee initially, but this will be waived after 90 days as long as you set up a direct deposit. Another service that is beneficial to military members oftentimes
is its student loan refinancing.