What Are Some Services Offered by the Armed Forces Bank?


Quick Answer

The Armed Forces Bank offers personal banking, business banking, mortgages and financial advice to active and retired military and civilian customers. The services are specifically customized for the unique requirements of the members of the Armed Forces.

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Full Answer

The family-owned bank, established in 1907, provides a series of credit and retail banking services. Under personal banking, Armed Forces Bank offers online and mobile banking services, various types of accounts and loans. The chief highlight is the Recruit Checking Account, which allows new entrants into the Armed Forces to access, deposit and manage their accounts from anywhere in the world.

Business banking services encompass business accounts, business loans and transaction tools. The bank also offers mortgage services optimized for the different clients’ requirements, including pre-approval, VA, FHA, Jumbo loans and refinancing. Recognition by the Veterans Administration as an approved lender makes qualification for the Armed Forces easy and straightforward.

The financial education services cover account management and checking, overdraft avoidance, budgeting and identity theft. These services are available through either the 24-hour helpline or the resources on the official website.

As of July,2015, the bank has 53 offices in the United States. Though they do not have a foreign branch, clients have access to all services through toll-free customer service lines, globally accepted credit and debit cards, online banking and mobile banking.

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