In This Section
Join this industry-wide effort to expand veterans’ access to the banking system.
Established in 2019 in partnership between the Department of Veterans Affairs and the Association of Military Banks of America, the VBBP aims to provide veterans and other VA benefit recipients with a safe, reliable and inexpensive way to receive and manage their VA monetary benefits. The program seeks to simplify banking choices for veterans by providing them with a list of participating financial institutions that understand the unique financial needs of veterans and meet requirements for account offerings and customer service. The VBBP encourages veterans to open an account at a participating financial institution, where they can safely and efficiently manage their monthly monetary benefits using direct deposit.
On the VBBP website, veterans and VA benefit recipients can find a wealth of helpful information about their VA benefits payment options and locate participating financial institutions. Banks participating in the VBBP must make a commitment to provide free, no minimum balance checking accounts to any veteran using direct deposit for their VA benefits. Additionally, participating banks must agree to help veterans overcome any obstacles that might have made opening a checking account impossible or more difficult. VBBP banks are committed to encouraging and helping veterans and VA benefit recipients to join the banking system so they can enjoy all of the benefits that come with a bank account.
Banks participating in the VBBP are demonstrating their commitment to support the financial wellbeing of America’s veterans. By joining VBBP, banks can help unbanked or underbanked veterans find easy, affordable access to the financial products and services they need, while also adding new customers. Banks of all sizes are welcome to join the program; the registration process is simple. Even if your bank is already serving the veteran community, participation in the VBBP can highlight an expanded commitment to those who served.
To join VBBP and be listed on the VBBP’s website as a participating bank, there are some simple requirements:
Please complete the interest form and an AMBA employee will contact you.
If you have questions about the program, please email [email protected]
16:58
View the 2023 ABA Convention session on Banking America's Veterans.