VBBP Banks & Credit Unions
VBBP Banks and Credit Unions have made a commitment to provide free checking accounts for veterans with a qualifying direct deposit and to help veterans become banked.
VBBP participating banks include large and small national and state-chartered banks, all of which can accept Veterans as customers regardless of where they live. Most VBBP banks operate on military installations and all are insured by the Federal Deposit Insurance Corporation.
VBBP participating credit unions include large and small national or state-chartered credit unions. Credit unions have “field of membership” criteria Veterans must meet before becoming members. Credit unions are member-owned and require share accounts by members. Share accounts require a $5 to $25 deposit, which is generally the cost of purchasing one par value share at a credit union in order to establish a membership account. Some credit unions may also charge a nominal membership fee ($1 to $5) to join as well. All participating credit unions are insured by the National Credit Union Administration.
Financial & Credit Counseling for Veterans
The National Foundation for Credit Counseling (NFCC) and the Association for Financial Counseling and Planning Education® (AFCPE®) will offer one free consultation with a credit or financial counselor. This is a benefit to you through the Veterans Benefits Banking Program. To help you choose which counseling session may be best for you.Learn More
The links below are just a few of the information resources available to veterans, their families, and fiduciaries or caregivers to help them deal with financial challenges or to answer some of their financial questions. These resources come from trusted government and non-profit organizations. If you have a question not addressed here, please consider contacting your bank or credit union or any of the financial institutions participating in the VBBP.
VetCents is a financial education program created specifically for YOU — military veterans and veteran family members. This program is made possible thanks to the support of the Association of Military Banks of America. Make sure you check out their resources — and, if you aren’t already, get banked! Here you can expect to find useful financial information, best-in-class resources, advice from financial experts, and more.
Veterans and their benefits are the targets of many types of fraud, to include mail, telephone, and online fraud. VA is actively working to prevent these incidents, but you are the best line of defense against this criminal activity.
General money management is important in our everyday lives. These resources can help you understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning.
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