Get a $200 Bonus with new USAA Classic Checking account : USAA offers to earn $200 when you open a new USAA Classic Checking account and meet certain criteria. USAA is a financial services company that serves military members, veterans, and their families. They offer banking, insurance, investing and other financial products tailored to the military community. The USAA Classic Checking account is one of their basic checking accounts with no monthly service fees if you have qualifying deposits. Open A USAA Classic Checking Account and earn $200 Bonus
Get a $200 Bonus with USAA New Account
To earn the $200 bonus, you need to open a new USAA Classic Checking account and meet the following criteria:
- You must make a minimum opening deposit of $25 into the new checking account.
- Within 60 days of account opening, you need to receive a recurring direct deposit totaling $250 or more. Qualifying direct deposits include payroll, pension, government benefits or other monthly income deposits.
- You need to maintain the minimum $25 opening deposit for 60 days after account opening.
- The account needs to remain open for a minimum of 180 days from account opening.
If you meet all these criteria, USAA will deposit the $200 bonus into your new checking account within 60-80 days of meeting the requirements.
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Apply for USAA Classic Checking Account
Here are the steps to open a USAA Classic Checking account and get the $200 bonus:
- Verify your eligibility for USAA membership. You need to be an active military member, veteran, or qualified family member.
- Gather your documents. You’ll need a government-issued ID, social security number, and initial $25 minimum deposit.
- Open the checking account online or on USAA’s mobile app. Complete the application and submit your documents.
- Fund the account with at least $25 within 60 days of opening. You can fund by transfer, mobile check deposit or wire.
- Set up a recurring direct deposit of $250 or more within 60 days of opening.
- Keep the minimum $25 balance for 60 days after opening.
- Keep the account open for 180 days to qualify for the bonus.
- USAA will deposit the $200 bonus within 60-80 days of meeting requirements.
It’s quick and easy to open online. Make sure to complete all the steps to earn the bonus!
USAA Classic Checking New Account Fees
The USAA Classic Checking account has no monthly service fees if you maintain qualifying activity. Here are the key charges:
- No monthly service fee if you have one qualifying direct deposit and 10 debit card purchases each statement cycle. Otherwise, the fee is $2 per month.
- No minimum balance required to open or avoid fees. The $25 minimum deposit is just to open.
- No overdraft fees as long as deposits cover purchases. Otherwise, a $29 overdraft fee may apply.
- Free online banking, mobile app and debit card.
- No fees at over 43,000 ATMs in the CO-OP Network. Out of network ATM fees apply.
- Stop payment fee of $15 per request.
So you can avoid all monthly fees with direct deposit and some routine debit card use each month. Just watch out for overdrafts.
How USAA Check Your Credit?
USAA does a soft credit check when you apply for the Classic Checking account. They check your credit report but it does not affect your credit score.
The reason they check your credit is to verify your identity and eligibility for the account. As long as you have no major issues on your credit report, the soft check should not prevent you from being approved.
USAA also offers a Secured Checking option that requires a refundable security deposit if you don’t qualify for the Classic account. This still earns the bonus with no hard credit check.
Privacy of Your Account with USAA
USAA takes your personal and financial privacy seriously. Here are some of their key privacy protections:
- They use secure passwords, encryption and firewalls to protect your information.
- Your data is never sold to third party marketers.
- Online and mobile banking sessions use multi-factor authentication for added security.
- You can opt out of mail, email and phone solicitations if desired.
- Their online privacy policy explains exactly how member information is collected and used.
As a member-owned institution, USAA has no outside shareholders. They are focused fully on serving their military community. You can feel confident banking with their commitment to privacy.
USAA Support / Contact
You can contact USAA for help opening your new account or any other questions. Here are some ways to reach them:
- Call 800-531-8722 for 24/7 phone support from their member service reps.
- Chat securely with USAA support on their website during business hours.
- Send a secure message via online banking and get replies by email.
- Visit one of their local branches or service centers to talk to USAA staff in person.
- Email them at service@usaa.com from your member email on file.
USAA has helpful customer service options to walk you through the bonus requirements or answer any other questions about their products.
Approval of New Account and $200 bonus
Approval for the USAA Classic Checking account and bonus is generally quick and easy. Here are some tips to ensure approval:
- Verify you meet USAA membership requirements as a military member, veteran or eligible family member. Provide any documents needed.
- Make sure your identification, contact, and employment info is up to date when you apply.
- Minimize applications for other new credit recently to avoid raising red flags.
- Maintain a good credit history with on-time payments, low balances, and minimal delinquent accounts.
- Have a checking account elsewhere reported on your credit file if possible. This demonstrates you can manage an account responsibly.
- Start with a lower minimum opening deposit if you have no prior checking accounts. This reduces the risk for USAA.
As long as you meet the eligibility criteria and have a decent banking and credit history, you should be approved for the new checking account and $200 bonus without any issues.