Hello!

Welcome to my blog. I want to share my experiences with finances while in the Air Force and document my path to Financial Independence and Early Retirement.

Helpful Links:

reddit.com/r/financialindependence

mrmoneymustache.com

tsp.gov

 

Chase Military Banking

Chase Military Banking

I think most everyone in the military already knows about the benefits of USAA and NFCU. These are two great organizations that provide above average financial services for military members at competitive prices. However, I do not appreciate that I cannot deposit cash or go to a teller for USAA or NFCU anywhere within 6 hours of where I am stationed. So, I started doing some research and found out that Chase Bank offers some really solid services for military members.

When I decided that I needed a local branch of a bank, it was because I had a roommate (see my posts about real estate investing) who insisted on paying me in cash. USAA has an app that can accept checks but there was nowhere I could deposit cash until I got to San Diego. Maybe this has changed since then, but it made me start looking for another military friendly bank. Chase came up early on in my search and kept on looking better and better.

Chase offers a checking and savings account with no minimum balance or fees for military members (apparently this offer extends to veterans, too, now). They also let you use some of the other brick and mortar banking services for free including cashiers checks and money orders. Another cool thing they do is let you have a free safety deposit box that you can use if you have any valuable items you'd rather not keep at home. If you change your direct deposit to chase, they'll even waive Wire Transfer Fees and foreign exchange fees.

All in all, Chase offered me a good and reliable option for my in person banking needs. I can rest comfortably knowing that there will be a Chase branch near pretty much any stateside base where I might be stationed. Make sure to get any promotions Chase is offering as far as new account bonuses. Right now, Chase is offering $300 if you bring a coupon with you when you set up your account. That $300 could be enough to beat a lot of high interest savings accounts if you have less than $30,000 in savings.

My Favorite Financial Independence and Early Retirement Resources

My Favorite Financial Independence and Early Retirement Resources

Here's why military members don't need whole life insurance

Here's why military members don't need whole life insurance