Banking

Discussion in 'Air Force Academy - USAFA' started by moznick007, May 28, 2010.

  1. moznick007

    moznick007 Member

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    Not to be too anal, and udoubtedly there are more important things with BCT nearing, but has anyone received banking information--like an account number? Son signed up for direct deposit at orientation, but has not received one correspondence from the on campus bank. Thanks. Good luck to all at BCT. We at home will be pulling for you all each day....
     
  2. DevilDog

    DevilDog Member

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    I seem to remember my son receiving his banking information in the mail about 2 weeks ago. I am pretty sure it said his Aug pay will be direct deposited. I am almost sure that it also had his account number in the correspondence. I am not positive, but I seem to recall him saying that.
     
  3. mom14

    mom14 Member

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    My son received his a while ago. The postmark is May 13. It does include the account number, routing number and addresses to make deposits and to wire money. Also an page of FAQs.
     
  4. PDub

    PDub Prospective

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    I would contact the bank for some of the basic information or just to check to see if the mail didn't get lost (unlikely - they're probably just really busy). You'll receive your Visa ATM card and credit card (if applicable) sometime during basic or the ac year, can't really remember. I think it was during basic.
     
  5. raimius

    raimius USAFA Alumnus

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    Make sure they double check at Doolittle Hall on I-day. USAA and AFBank will have booths set up on the first floor.
     
  6. packermatt7

    packermatt7 USAFA Cadet

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    On that note, it's nice to switch over to USAA after basic... they really take care of you.
     
  7. xTxMANx

    xTxMANx Member

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    I was wondering, what is the USAA? I have looked at their website, but I am still kind of confused on what they do/ what they can do for a cadet. I was debating whether to join them just for the car insurance and stuff.
     
  8. PDub

    PDub Prospective

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    Look on their website. They offer a large variety of banking and insurance products, buying services, as well as discounts.
     
  9. laxfan17

    laxfan17 Member

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    I just happen to be a huge fan of USAA banking and insurance. We have had both since 1982. Retired military and they have followed us all over the world. My three favorite things they offer, car insurance EVERYWHERE!!!, rebates on ATM fees, and web deposits for checks (which means I do not have to have a local bank to cash my checks, I just scan them and USAA deposits it immediately into my account). I have never had an issue with the car insurance in all my years using them throughout Europe and the U.S. and the banking is fabulously easy whenever we have had to move (13 moves in 22 years). In my opinion, best bank ever!!!
     
  10. 2011's Mom

    2011's Mom Parent

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    All of the above is totally right on AND you can deposit your checks right off your cell phone ... I take a picture of the front/back of the check and deposit it ... it's awesome! Super easy and fast ... way better than driving to an ATM somewhere! The ATM fee's are waived too so you can get cash anywhere. I love USAA and we've had them for years and years and my folks had them before us. They are awesome. My cadet uses them too and loves them like the rest of the family. On top of that, the rebate/profit share or whatever it is check they send us is always a welcome surprise -though frankly, I don't really know why we get it. I just know it comes around Christmas - and is great! Can you tell we have been very happy with USAA?! Can't imagine why we'd ever choose to leave USAA.
     
  11. Redbull{wings}

    Redbull{wings} Member

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    Definitely call if you haven't recieved any information. I just did and it turns out that my paperwork never went through so they never sent me anything.
     
  12. OBXmom

    OBXmom Member

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    DS just received his Armed Forces Bank account info in the mail today. It says his ATM/VISA card will be sent to him at his USAFA po box and that his direct deposit stuff is all lined up. (He filled out the forms while at orientation April 20th.)
     
  13. NCmom

    NCmom New Member

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    My daughter signed up at the last orientation session and just received hers as well.

    (Thanks for the info on USAA, folks. Filing that away for future reference. :thumb:)
     
  14. bandit

    bandit Member

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    USAA really is the way to go.

    My son used AF Bank initially. They were great and really nice. Gave him a credit card and such. However, technologically they simply are nowhere near the level of USAA.

    Your cadet will automatically be setup with USAA right from the beginning with their renters insurance. When possible, I would recommend switching the bank account. Also, get them started with a Roth IRA as quickly as possible. later when they get their car, they can use USAA for auto insurance. If/when they have any valuables that are over and above the coverage offered by the renters policy, they also offer what they call a valuable property policy add-on to the renters. It is very low cost and covers things renters insurance doesn't. Like loss and damage. Renters insurance only covers things like theft and fire.
     
  15. moznick007

    moznick007 Member

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    Son signed up for banking during the first orientation; just got the paperwork on Saturday. I would echo the recommendation to start a Roth IRA immedeately; even if they only save $25 per pay period, it gets them into the habit (for all of those who are not, son included!!!) and soon they will be saving much more when they see it is not as hard as they thought As we have a little extra (?) money because of not paying tuitioin, we plan to match his contribution to the IRA. I day in less than three weeks; good luck to all.
     
  16. SAFJRider

    SAFJRider New Member

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    I would also recommend Security Service FCU right outside the southgate on Academy. We have banked with them a very long time and they have been good to us. We also have USAA for insurance....your cadet will most likely get the lowest insurance rates with USAA as they cater to AD military. USAA has the best customer service I have had so highly recommend them as well for all your needs (ins, investments, banking etc).
     
  17. aglages

    aglages Parent

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    I realize this is an older thread but it might be relevant for those accepting appointments for 2015. Is there any reason not to just sign up with USAA now instead of the AF Bank? Evidently you can set up direct deposit and use any ATM machine for free (15 transactions per month). Is there an advantage to initially using the AF Bank?
     
  18. DevilDog

    DevilDog Member

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    The only advantage that I see is that they are on the campus. My son signed up with them. He has since said that he is going with USAA. I don't know if he has changed yet.
     
  19. aglages

    aglages Parent

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    Thanks, yes they are. Other than access to the ATM (which for all practical purposes is free for USAA customers) why would you need access to the bank?
     
  20. Blackbird

    Blackbird Parent

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    I can't see any reason for needing a local bank branch other than if a safe deposit box is needed for some reason. We use USAA for most everything financial and insurance related. Checks can be deposited using an iPhone and the finds are available immediately (first bank in the country to provide this ability). And as you say, any bank's ATM can be used free (up to 15 transactions). They have a very nice iPad app as well.

    USAA is consistently ranked tops in customer service among all companies not just banks. They were ranked #2 by Bloomberg last year behind L.L. Bean. MSN Money ranked them #1 in 2009 ahead of companies that consistently delight customers like Nordstroms. I don't know anything about AF Bank, but based on past performance, customer service, a focus on military customers, and outstanding web and mobile apps, why consider any other bank?
     

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