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United Services Automobile Association (USAA) Member Benefits & Perks

USAA Benefits and Perks

Benefits and Perks for Members of USAA

Due to your military service, you can find all kinds of great benefits out there for you and your family.  Here is some background on USAA and the member benefits and perks they offer.

When it comes to banking, you have a lot of choices.  In USAA’s case, they are made for service members, providing lots of benefits from banking to buying a new car.

About USAA

USAA stands for United Services Automobile Association and was founded in 1922 in San Antonio, TX by a group of 25 Army Officers. They did so after not being able to secure auto insurance because of being perceived as a high-risk group.

They now offer many different products such as banking, investing, and insurance for service members, and their families. Today they have over 12.4 million members.

Who’s Eligible for USAA?

Membership is limited to current military members, to include:

  • Active duty
  • National guard
  • Reserves
  • Officer candidates
  • The children of the aforementioned

USAA’s products and services are also available to:

  • Veterans
  • Retirees
  • Spouses
  • Adult children of USAA members
  • Former members

Benefits and Perks of USAA

USAA is Member-owned

Each member owns a subscriber savings account.

USAA Has the Option to Pay Out Distributions Each Year

Once a year, USAA has the option of paying out a distribution to USAA members. While not a guarantee each year, they usually do give you something which is a nice benefit.

Stellar Customer Service

Anytime you need something and call USAA, they are helpful, understanding and work hard to get you the help that you need. Finding this type of customer service is refreshing and creates a better relationship between you and your financial institution.

They Reimburse ATM fees

SAA will give you 10 free ATM withdrawals as well as refunding you up to $15 per month at non-USAA domestic ATMs. This means you don’t have to worry as much about the fees you are charged when getting money out of an ATM, whether it is a USAA one or not.

USAA’s Mobile App Makes It Easy

USAA makes it very easy to do all of the following in their app:

  • Deposit checks directly
  • Pay bills online
  • Stay up to date on your bank accounts
  • Easily open a free checking or savings account

Many Different Insurance Options

They have many different insurance options, from auto to home to life. They also offer extra discounts when bundling more than one of their programs.

Easily Apply and Get Fast Responses

If you need a loan, you can easily apply online and usually can get a response in just a few minutes. They offer auto loans, personal loans, as well as home loans.

Early Paydays

When you bank with USAA, you will be able to receive your military paycheck a day early. This can be super helpful and is a big plus to banking with them.

RELATED: USAA Pay Dates

Counselors Ready to Assist

If you need advice about retirement, balancing your work life, or paying off debt, you can talk to a counselor and work towards your goals.

Discounts on Products and Services

They also offer their members many different types of discounts, from buying cars, to travel, to home security systems.

So, Now You Can Decide

There are many USAA benefits and perks available to you as a member. Keep these things in mind as you are trying to decide where to bank.

Still trying to decide if USAA is right for you?  That will of course depend on what you are looking for in a financial institution.   You may want to know what types of products you plan to use or who you trust to keep your money safe.  Just know that they will offer you and your family amazing benefits if you decide to go with them.

 

PAY AND BENEFITS UPDATES:

 

 

About the author

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Julie Provost is a freelance writer, blogger, and owner of Soldier's Wife, Crazy Life, a support blog for military spouses. She lives in Tennessee with her National Guard husband and three boys.