Our Promise to You
Our team at GOBankingRates is dedicated to delivering honest reviews and valuable information. Using data-driven strategies, we evaluate financial products and services, ensuring our insights remain independent of advertiser influence. Learn more about our editorial guidelines and our comprehensive review methodology.
20 Years
Supporting financial enrichment
Trusted by
Millions globally
For almost a century, the United Services Automobile Association (USAA) has been at the forefront of offering premier financial services, insurance, and investment opportunities tailored for military personnel. Originally formed by 25 army officers insuring each other’s vehicles, USAA has expanded into a multifaceted entity valued at over $31 billion as of 2018. If you qualify for membership, a treasure trove of exclusive USAA promotions, offers, and bonuses awaits you.
Explore Current USAA Bonuses
Discover the latest USAA promotions currently available:
| Account | Bonus | Expiration Date |
|---|---|---|
| USAA Classic Checking Account | $200 | April 24, 2025 |
| USAA Performance First Savings | $200 | April 24, 2025 |
Unlock Your USAA Checking Bonus
- Bonus Amount: $200
- Minimum Requirement: Open account with at least $25
- Expiry: April 24, 2025
- Steps to Earn Bonus: Open and fund a new USAA Classic Checking Account with $25, followed by a direct deposit of a minimum of $100 within 180 days.
- Bonus Arrival: Within 60 days post your initial direct deposit
- Important Conditions: Direct deposit must be ACH
- Details Page: $200 Checking Account Bonus
Achieve Maximum Returns with USAA Savings
- Bonus Value: $200
- Initial Deposit Needs: Minimum of $1,000
- Expiry: April 24, 2025
- How to Qualify: Upon approval for a new USAA Performance First Savings account, deposit at least $15,000 within 30 days. Maintain this balance for an additional 90 days to qualify.
- Payout Timeline: Bonus is awarded within 60 days once qualification is confirmed
- Promotion Details: $200 Performance First Savings Account Bonus
Steps to Open Your USAA Account
To open a USAA bank account, you need to first become a member. Eligibility extends to active, retired, or honorably discharged military members, including National Guard and Reserves. Family members such as spouses, widows, and children also qualify.
During your application, you will need to provide details including:
- Full name and birthdate
- Valid contact information
- Your Social Security number
- A military service record for you or a qualifying family member
- A passport or permanent resident card (non-U.S. citizens)
Once your membership is confirmed, USAA will guide you through selecting suitable products and establishing your accounts.
Evaluating USAA vs. Other Financial Promos
While USAA’s introductory bonuses are competitive, numerous banks offer enticing bonuses. Consider these alternatives:
- SoFi Checking and Savings: Up to $300
- Citi Checking: $325
- Ally Spending or Savings: $100
- Chase Total Checking: $300
- Capital One 360 Checking: Up to $250
Although some options provide higher bonuses, their conditions could be more stringent. It’s essential to evaluate all criteria and align them with your financial goals. Rather than chasing the biggest bonus, ensure the choice harmonizes with your long-term financial aspirations.
Strategies for Optimizing USAA Offers
To make the most of your USAA bonus, meticulously adhere to the conditions to ensure successful receipt. Embrace USAA’s broader services as initial bonuses involve a long-term commitment. Make sure you like the broader benefits USAA offers, especially with bonuses requiring significant balance maintenance like the $15,000 deposit.
Avoid overdrawing your account to prevent eroding your bonus funds with penalties. USAA thankfully does not impose monthly maintenance fees!
Final Thoughts
USAA Bank extends an impressive array of banking services, financial products, and exclusive membership perks that provide substantial savings opportunities. Review their promotions regularly for updates and fresh offers. Should these promotions not suit your needs, explore other banks’ promotions.
Frequently Asked Questions
- When can I expect to receive the bonus for a new account?
- Both the checking and savings account bonuses are disbursed within 60 days post-qualification.
- Are these promotions accessible to current USAA customers?
- Unfortunately, no. These bonuses are designed exclusively for new customers.
- What if I close my account prematurely?
- Premature closure means forfeiting your bonus.
- Do banking bonuses count as taxable income?
- Yes, similar to interest earnings. A 1099-INT form will be provided for amounts exceeding $10 in a tax year.
Discover More About USAA Bank
This material isn’t provided by USAA. The analysis and opinions articulated reflect the author’s views and have not been endorsed by USAA.
Editorial Note: This material isn’t provided by American Express. The author’s views are independent and have not been endorsed by American Express. American Express credit card products are not available through GOBankingRates.com.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
