posted: Jun. 8, 2012 @ 8:35a
Since the previous two "ultimate" USAA Bank threads (the original thread by GoCowboys and the 2.0 thread by DaveHanson) are closed, I took the liberty to open this one, version 3.0. Below is the extract from the previous thread. Hope it helps. USAA checking and savings accounts are now open to general public.
To gain access to the full website, you need a member number. There is no obligation, and this will allow you to see USAA's full product range. Call 1-800-531-2265 if you are elligible to do so.
Routing Number: 314074269
- Property and Casualty Insurance: To get property or casualty insurance from USAA, you have to have a military affiliation.
- Banking: Open to general public
Features of Checking Accounts
- No monthly service fees and no minimum balance required
- Free bill pay (no balance or direct deposit requirements)
- Free checks for the life of the account (custom blue USAA non-duplicate checks, one box per order)
- $25 to open. New accounts can be funded by mailing a check, by initiating an ACH transfer from another bank, or by using a credit/debit card ($500 maximum on credit/debit cards; may be treated as "cash advance").
- Next-day single-party check deposits via most UPS stores (free envelopes). "Easy Deposit" This deposit method allows members to send checks overnight via UPS for posting the next day. Dropping off a free envelope at any UPS store before the UPS cutoff time will get funds posted the next day.
- Deposit checks instantly with a computer and scanner with or from an iPhone™ or Android™ smart phone (must have military affiliation to qualify).
- Free Debit MasterCard
- "Free ATMs nationwide." USAA Bank refunds up to $15 in other banks' ATM usage fees each month and does not charge a fee for the first 10 ATM withdrawals. Subsequent transactions will be charged $2.00 each. (The ATM surcharge rebates and Debit Card rebates are deposited into your account automatically at the end of the statement cycle; you do not have to mail in ATM receipts for the ATM surcharge rebate.)
- A 1% foreign transaction fee applies to ATM withdrawals outside the United States.
- You cannot make deposits at a non-USAA ATM.
- USAA has an ACH transfer capability which allows you to electronically transfer funds from any of your other bank accounts at other financial institutions. The service is very fast.
- ACH transfers into a USAA account requested before 8:00 p.m. Central Time will be used to pay checks the same night.
- ACH transfers involving non-USAA accounts are limited to an aggregate $5,000 per day, including future/scheduled transfers. These limits can be increased upon request and review by the bank. Also, larger amounts can be moved on a per-request basis by speaking with representatives or their supervisors.
- DaveHanson cautions people from using USAA simply to transfer funds to and from other bank accounts. There are several reported cases of USAA closing accounts when they determine they are being used simply as "transfer accounts."
With Bill Pay, there are 3 different ways that a payment could be made (remember that "Payment Date" means the date you want the payee to receive the payment):
- Electronic Payment - the funds for the bill payment are withdrawn from your account on the Payment Date.
- Check Payment - funds are withdrawn when the payee cashes the check.
- "Guaranteed Funds" Check Payment - funds are withdrawn on the Payment Date.