USAA Won’t Charge Extra Fees For Debit Card

On the heels of Bank of America's announcement that the bank would charge customers a $5 monthly fee for debit card usage, USAA Federal Savings Bank officials said on Friday that the lender’s debit-card program will remain free.

The bank already offers military members and their families no-fee checking accounts, free nationwide ATM usage and the option to deposit checks at more than 2,000 UPS Store locations. Customers can also deposit checks and manage their accounts using their iPhone or Android phones.

The bank is owned by San Antonio-based financial services giant USAA.