USAA Secure Checking Account fees, rates, pros and cons. Special offers and promotions for opening a new account in 2019.


USAA Bank Checking products are only available to military members, veterans who have honorably served and their eligible family members. Others, who do not fit into categories from above, might need to make more research.

 

USAA Free Secure Checking Account

Checking accounts are the lifeblood of day-to-day business and personal finance in any family; checking accounts are constantly relied on to electronically deliver payments. With that in mind it is imperative that, when researching banks to house a checking account, you are fully aware of the features, fees, advantages and disadvantages.

 

Selecting the Right USAA Checking Account for You

At USAA, service isn’t just great – it’s simple too. USAA features several great checking accounts for members of all ages, ensuring they have the right financial product for every individual.

 

USAA Free Secure Checking

A basic checking account, USAA’s Secure Checking, an interest-bearing account, doesn’t have any hidden bells or whistles; however, the feature-rich services included in the online access portal and mobile application are an added value to this no-cost checking option. From free transfers and bill pay to personal budgeting tools, USAA’s basic checking option is great for any user. And with the option to upgrade to Secure Checking Plus for $9.95/month, in exchange for daily credit monitoring, identity theft protection and more, even the most cautious user will feel secure with USAA.

0.01% APY on balance >$1,000.00.
Minimum opening balance: $25.
Monthly maintenance fee: $0.

  • No minimum balance requirements.
  • Free direct deposits, free transfers and bill payments.
  • Free ATMs nationwide. Plus, if you have to use another bank's ATM, we'll refund their bank fee.
  • Qualified members can deposit checks from the mobile App with Deposit@Mobile®.
  • USAA® Money Manage offers budgeting tool to track spending.
  • FDIC Insurance with at least $250,000.

USAA Youth Spending Checking Account

Adults with young children (ages 9-17) can rejoice over USAA’s Youth Spending account. As a joint account holder, parents can manage access to USAA’s online portal, receive free account alerts (via e-mail or text), and set spending limits on their child’s account. Free person-to-person payments and account transfers also make paying your child’s allowance a breeze, all from the comfort of your computer or smartphone. Pairing this account with a USAA Youth Savings account is an easy way to teach your kids about smart saving habits too.

0.01% APY on balance >$1,000.00.
Minimum opening balance: $25.
Monthly maintenance fee: $0.

  • Complete access — As a joint account holder, you manage your child's account.
  • Set up boundaries: Grant them limited, secure access to usaa.com; Control which accounts they can see; Allow teens13 and older to access their accounts on our mobile apps; Specify whether or not your child can transfer money and make deposits.
  • Set spending limits — Set limits to help your child learn how to make money last.
  • Free account alerts — Receive text messages if your child exceeds spending limits or if their account balance is low.

 

USAA Secure Checking for College Students

College is an important time in the financial development of most young adults. With USAA’s College Student Checking, account holders are provided with access to the services they need most, including free ATM access and overdraft protection, no monthly fees, and text alerts regarding their account. USAA offers additional products to college students and their families, including college savings plans and low-rate student loans with special member discounts.

Minimum opening balance: $25.
Monthly maintenance fee: $0.

  • No monthly service fees. No minimum balance requirements.
  • Free ATMs nationwide. Free direct deposits. Free transfers and bill payments.
  • Text alerts — help you keep in touch with your money.
  • Deposit@Mobile® lets you take a picture of your check from our mobile app if you qualify.
  • Use Apple Pay™ to securely pay stores with just a touch of your iPhone®.

 

USAA Checking Accounts Fees & Service Charges

USAA is unique in the sense that they don’t over charge their members on account fees and services. Their overdraft and NSF (non-sufficient funds) charges are in line with the national average at $29 per incident. Other common charges include stop payments ($29) and returned item fees ($5) for bounced checks and failed payments. Even their foreign transaction fees are low, at just 1% of the total transaction amount.

One of the best features of any checking account with USAA is access to free ATMs nationwide. USAA does not charge any transaction fees for using “out of network” ATMs (up to 10 transactions per month); even better, they reimburse up to $15 per month of other institutions’ ATM usage fees.



 

USAA Checking Account Service

When compared to other financial institutions, USAA offers the following additional features in their checking account options:

USAA Deposit@Home / Deposit@Mobile – Same feature available both on your personal computer and smartphone enable you to instantly deposit checks. It’s very simple to use, user-friendly, and takes less than a minute from start to finish.

Send Money – Using the latest version of the USAA Mobile App, you can use your iPhone® or Android™ smartphone to instantly and securely send money to a person or business. This feature is limited to three transactions a day with a $250 daily overall limit. Using the recipient’s phone number or email address, money is instantly deposited to their USAA account if they are a member. If they are not a USAA member, money is sent to their PayPal account at no cost or penalty, even if they previously did not have a PayPal account established. For PayPal accounts not previously established, PayPal contacts the person to complete the process of creating the account.

In addition to the above-listed features, USAA boasts a very user-friendly online web interface through which to conduct your banking. Their website is easy to use and we rate its ease of navigation and functionality as above-average. One particular feature that proves useful is the ability to automatically setup and schedule bill payments, affording the ability to schedule and forget about a bill, knowing it is already set up via timed delivery. The easy-to-use interface allows you to review pending and completed payments as well as all pertinent payee information.

 

USAA Checking Account Pros/Advantages

  • Intuitive online portal offers easy access to the account holder’s finances (including insurance, loans, investments and more)
  • Powerful, easy-to-use mobile application (featuring mobile deposit, account transfers, etc.)
  • No in-house ATM fees and fee reimbursement for other providers’ ATMs
  • No monthly account fees
  • Lower service fees and charges than other national providers
  • Low foreign transaction fees
  • Daily credit monitoring and identity theft protection available (with monthly fee)

 

USAA Checking Account Cons/Disadvantages

  • No face-to-face banking (except for one retail branch in San Antonio, TX)
  • Only available to US armed forces members and their families

USAA Checking Accounts Review Summary

USAA provides a distinctive level of service for their customers, holding true to their mission to provide excellent options for individuals and families that have served in the US military. Thanks to their easy-to-use online interface, account holders have the option to take advantage of multiple services and products. As a result, USAA provides an excellent snapshot of each user’s accounts. Low fees and service charges, well below those of other national banks, are designed to help account holders hang onto their hard-earned money. And with powerful resources and educational tools, USAA lives up to their mission of serving their members in every stage of life.

 

About USAA Federal Savings Bank

United Services Automobile Association (USAA) is a privately owned Texas-based bank founded in 1922 that serves millions of military service-members and their families by offering competitive rates and services ranging from banking, brokerage, and insurance products.

Like the larger United Services Automobile Association umbrella, USAA Federal Savings Bank markets its services directly to members of the US armed forces and their families. Individuals hoping to bank with USAA must meet the company’s service eligibility criteria in order to open an account. This includes active or retired military personnel, along with their spouses and dependents.

Although they provide services nationwide, USAA operates very differently from most national financial institutions. With only one retail branch to their name (located in San Antonio, TX), account holders may find it difficult to reconcile the lack of face-to-face interaction that comes with USAA products; however, the company has invested significant time and resources into developing alternative solutions for their members. Along with online and mobile deposits, account holders can visit select The UPS Store locations (over 2000 locations nationwide) to take advantage of USAA’s free EasyDeposit service. Additional financial centers, typically located near military installations, may offer limited services to USAA members.

 

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