By Krystel Spell

Building Wealth Starts with Banking

Where you bank can affect how easy it is to save, manage your money, and plan for the future.

Building wealth does not happen all at once. For many Veterans, it starts with having everyday financial tools that actually work for their life after service. 

Where you bank can affect how easy it is to save, manage your money, and plan for the future. 

Why Banking Matters After Military Service 

Leaving the military often means changes to income, benefits, and financial responsibilities. A bank or credit union that understands those transitions can make it easier to stay financially stable while working toward long-term goals. 

The Veteran Benefits Banking Program helps connect Veterans with banks and credit unions that are committed to serving the veteran community. These institutions agree to offer safe, accessible products and services designed to support Veterans. 

This does not mean one bank is right for everyone. It means Veterans have a place to start. 

Signs Your Banking Setup Is Supporting You 

Your banking setup may be helping you build wealth if: 

  • You can save money without extra fees getting in the way
  • You understand your account features and costs
  • You can easily access your money when needed
  • Your bank supports your current life and goals

Signs It May Be Time to Revisit Your Bank 

It may be worth taking another look if: 

  • Fees make it hard to save
  • You avoid using your account because it feels confusing
  • Your banking needs changed after leaving the military
  • Your bank does not feel like a good fit anymore 

Revisiting your banking setup is not a failure. It is part of planning for what comes next. 

Free Financial Counseling 

You do not have to figure this out on your own. 

Through Veteran Saves, Veterans can access free, professional financial coaching through our partnership with the Foundation for Financial Planning. Financial coaches can help you: 

  • Talk through financial goals
  • Understand banking and savings options
  • Think through next steps based on your situation 

This support is educational and focused on your goals. 

Take the Veteran Saves Pledge 

When you take the Veteran Saves Pledge, you receive tools, reminders, and ongoing support to help you stay focused on your financial goals and plan for what comes next.