Amegy Bank is proud to support the financial well-being of our nation’s men and women in uniform.
You stepped up to serve your country. You’ve made tremendous sacrifices and likely encountered some financial obstacles along the way. The good news: there’s an array of tools designed to help servicemembers, vets and their families reach their financial goals. Here at Amegy, we’re committed to helping you find and make the most of these valuable resources.
Here are eight actionable tips for managing your money in the military:
1. Fortify Your Finances With Military Checking
It all starts with a solid foundation. If you’re active-duty or reserve personnel, a veteran, an ROTC cadet, an enlistee or a dependent, you can benefit from our Military Advantage Checking® account featuring zero monthly service fees, ATM surcharge waivers, a U.S.-based helpline and other benefits.
2. Mobilize Your Everyday Banking
Whether you’re on base, on deployment or enjoying some well-deserved R&R, you need to be able to access your accounts quickly and securely. Powerful digital banking features like online bill pay, mobile check deposit, account transfers and account alerts are right there when you need them.
3. Secure Your Home Base With VA Loans
The Veterans Administration (VA) loan program enables eligible vets, servicemembers and spouses to become homeowners with up to 100% financing, low rates and other valuable benefits. Whether you’re looking to buy, build or renovate a home, a VA-backed mortgage could allow you to put your big plans into action.
4. Safeguard Your Family With Discounted Life Insurance
You want to be certain that your loved ones have financial support when they need it most. Eligible personnel and their families can access low-cost life insurance coverage through the VA. These programs provide benefits of up to $500,000, and there are special provisions for reservists and vets.
5. Defend Your Credit With Free Monitoring
Protecting your credit from errors and fraud is mission-critical for civilians and servicemembers alike. Thanks to a recent Federal Trade Commission regulation, members of the military on active duty can receive free credit monitoring services from all three major credit reporting agencies (Equifax®, Experian® and TransUnion®).
6. Empower Their Future by Transferring GI Bill Benefits
If you’ve completed at least 10 years of service (or plan to) post-9/11, you may be able to transfer unused GI Bill benefits to your children. That means they could access tens of thousands of dollars for tuition, vocational training, housing, books, private tutoring and other educational expenses.
7. Activate Your SCRA Rights
Since WWII, the Servicemembers Civil Relief Act (SCRA) has provided financial protections to those who have answered the call to serve. You may be eligible for benefits like rate caps on loans, immunity from foreclosure or repossession, and freedom from nonsufficient funds (NSF) fees on your deposit accounts.
8. Launch Your Legacy With a Business Loan for Veterans
The day you ETS is just the beginning of a new chapter. Providing access to capital is one way we acknowledge the contributions that vets continue to make. If you’re starting or growing a small business in Texas, count on us for a streamlined process and seasoned advice.
We’ve Got Your Six
U.S. servicemembers unite under a single flag, but their needs and aspirations are unique. At Amegy, we’re honored to help you get where you want to go. What’s on your horizon? Visit or call one of our Amegy bankers for attentive and knowledgeable service.
The information provided is presented for general informational purposes only and does not constitute tax, legal, or business advice. Any views expressed in this article may not necessarily be those of Amegy Bank.