Armed forces bank account .... how does it work?My boyfriend is in the Navy and wants to have a joint bank account with me, but how on earth does that work for me as a civilian? Like when I want to simply withdrawal cash from the bank does that mean I'll get charged if I went to say Wells Fargo for withdrawing money? I live in PA and my boyfriend is... | |
I would suggest that he joins the Navy Federal Credit Union.... they are located on most Navy bases in the U.S. and overseas. They also have a huge network of ATM's and cooperative ATM's all over the U.S.
Most ATM's charge a fee for taking $$ out of a ATM that is not their ATM...
You can do most banking on their ( NFCU) WEB site. The NFCU has been around for decads and is the largest credit union in the US
anyone can be a member in a joint account,,, it does not matter in or out of the military.
Many young service members should be encouraged to have a joint account with their trusted family members such as a trusted parent, things come up that may need attention while the service member may be deployed or otherwise unavailable.
A joint account is just like the word means : A Joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can withdraw from the account and deposit to it. .
You're going to have to take the "armed forces" out of the words bank. Some banks are authorized by contract to have a branch on a military installation but the bottom line is they are still a bank just like any other bank you see downtown. Fees etc are charged by the bank and you would have to research what they charge and why. Now, I am going to apoligize in advance for what I'm about to say... A Joint acount with a "boyfriend??"" Really?? See you on Judge Judy or Judge Milian.....it should be a good episode.
I had an account with the Army Aviation Federal Credit Union. They didn't have squat to do with the Army or Army Aviation, it's just what they named the credit union and when the rubber hit the road, that's all they were, a credit union. Look at your bank the same way because that is all it is, a bank that put "armed forces" in front of the name.
Tell him to join Navy Federal Credit Union with a joint account. You can use the ATM card and write checks. Navy Federal has reciprocity agreements with many, many credit unions that let you use their ATM's for free.
https://navyfederal.org/?utm_source=...
