Where Do You Bank?

[firstdown]

Originally Posted by los panda

I'm just glad that my father was a stone-cold killer in the military, giving me the chance to bank with USAA. i highly recommend USAA to anyone who is eligible. i saved a pantload on car insurance, and at the time i joined, i was getting cash rewards on my debit/check card. cash rewards on a debit card was insane to me. i've been a member for about a year now, and i have never needed to go to a physical location to take care of any of my banking needs. i can use any atm because they refund all fees. i can deposit checks with a camera. everything is free, no fees at all. they just gave me a $5 thank you into my credit card account for no apparent reason. i love my bank.

i don't know where i would bank otherwise.

I also love USAA. Because everytime I have one of their customers shopping for cheaper insurance I know I can save them several hundred under USAA. They are not cheap for insurance in our area. You own stock in USAA?

[FRPLG]

Originally Posted by firstdown

I also love USAA. Because everytime I have one of their customers shopping for cheaper insurance I know I can save them several hundred under USAA. They are not cheap for insurance in our area. You own stock in USAA?

There is no such thing. USAA is a non-profit outfit. Members are kind of like share-holders.

[firstdown]

Originally Posted by FRPLG

There is no such thing. USAA is a non-profit outfit. Members are kind of like share-holders.

I don't know if they are a non-profit but I do know they are a Mutual Insurance Company which means they are owned by the policy holders. At one time USAA was very restrictive on who they would write policies for but over the years have opened their doors to insuring people who have not even served in the military. While they are a very good insurance company by opening the door to more customers it has also driven up their losses and rates. At one time I would not even waste my time quoting a USAA customer because I could not touch their rates. Over the past 5 yrs I have been taking USAA customers saving them from between $200 up to $700 a year on auto ins. In our area if your not a current USAA customer they will not even write you a homeowners policy because of how close we are to the coast.