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USAA has a civilian bank and a military bank. They also provide insurance for their military and veteran customers. They do not need your DD214 to verify your military service - the SS number you provided would be proof enough. I know you gave them this, as this is mandatory to open any bank account in the US.
If you are a veteran and opened an account through their civilian branch, it would behoove you to change it as their military bank has more benefits. You cannot get an account for their military branch through a "stepmother's nephew" - you must be a servicemember, a veteran,a current spouse of either or a dependent of a member, under the age of 18, to get one. Once you are a member, you are a member for life, and the privileges are granted to your spouse and any dependents either of you have, provided you have them assigned a member number before the age of 18.
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Originally Posted by chucksnee
USAA deals with anyone that applies and gets accepted, however, what you receive is a different story.....
Obviously, military receive all membership privileges...
Well I don't get (neither does my wife, obviously) the active military bank cards and mastercard, I do have a bank account, savings account, once I get a job, I'll be eligible for a credit card, we also have Auto insurance, renters insurance etc. from them.
In any case, their bank is great and their insurance coverage and rates are second to none, we're paying substantially less (close to half) than any other company we got a quote from.
I was a USAA member before I enlisted in the USAF (Dad was a Navy 0-5) I, for some inexplicable reason, decided to get GEICO insurance when I arrived at my first PCS duty station. I secured my auto policy through a local GEICO agent. He wouldn't give me a straight answer when I asked him why I was making my premium checks out to "Casualty insurance Company". This was the same time as GEICO got into hot water for assigning all but their best policyholders to a subsidiary company that charged much higher rates without telling them. Now I'm guessing that's what all insurance companies do now. And I'm guessing that USAA may put non-military member members into one of their associate companies. But I'm sure that they'd indicate that with the policy information they send out.
It is my understanding that GEICO used to be focused exclusively on Gov Employees. Just like how USAA was focused exclusively on commissioned officers.
It was only after many years of doing business, [and being successful] that they both decided to open their customer base to everyone.
Not exactly, I had GEICO in the 80's and was in the military, but not considered a government employee, so they underwrote the policy under another insurance company. I had problems with GEICO after some problems.
The Government Employees Insurance Company GEICO is an auto insurance company a wholly owned subsidiary of Berkshire Hathaway (ie Warren Buffett, who brought the company out of their problems)
USAA to operates differently, it is an inter-insurance exchange, with no shareholders and profits are retained for financial strength or returned to the members. Returns are accomplished through an SSA (Subscriber's Savings Account).
Not exactly, I had GEICO in the 80's and was in the military, but not considered a government employee, so they underwrote the policy under another insurance company.
Yes, I had a Geico policy in that time frame as well.
Even going overseas [for me] it was through Geico that the appropriate underwriter was chosen to provide vehicle insurance for me. That was in the 80s and in the 90s.
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... USAA to operates differently, it is an inter-insurance exchange, with no shareholders and profits are retained for financial strength or returned to the members. Returns are accomplished through an SSA (Subscriber's Savings Account).
Rich
I do not know. I applied, but because I was a US servicemember I was never eligible to join USAA, until after I retired [when they changed their policies].
Well, post 6 is a link that shows the differences...but at the minimum, here is a basic of what "others" can and cannot get...
That said though, like I said, they cast the net pretty wide, and once you're in your in.
I do have property and car insurance through USAA, and I've never served in any form of army, as long as you have family that's on it, they can add you on to their plan and then you're in.
All,
Everyone can enjoy USAA, there website says this.
If your parents are military and they add you to anything, you can continue to use USAA.....I'm willing to bet even your children can use USAA with full benefits....
However, just as the USAA site says, if you have NOTHING to do with the military, your parents were never military, you have never been military, and no one you have ever known has been in the military...
Guess what, you too can also become a member of USAA....BUT, you will not have all the benefits of a person who's parents are/have been military, or you being/have been military....
Essentially, if your parents were USAA members with auto or home insurance, then you are eligible for the same, whether you've served or not. People with spouses also has access, through their spouse, if that spouse had access.
If you're not active military you don't get the special benefits for active military, but it honestly doesn't seem that hard to be eligible for most of the other benefits as long as someone in your relatively direct family has an account with a car or property insurance.
Neither me nor my wife have served, but at this point, since we're members with car insurance, we can now sign on our potential children with the same level of coverage when they turn 18.
I served on Active Duty from 1976 until 2001. During my Active Duty career I was never eligible to join USAA.
Up until the time that I retired, no US servicemember who ever worked for me was ever eligible to join USAA.
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