Veterans Benefits Banking Program - Vbbp

The Veterans Benefits Banking Program (VBBP) seeks to simplify banking choices by helping eligible Veterans select the right financial institution and services for themselves and their families. VBBP does not require Veterans who are satisfied with their current financial situation to change how they receive their VA monetary benefits. Neither VA nor AMBA endorses any particular banks, credit unions, products or services, or requires Veterans or other beneficiaries to use them. • AMBA and its member banks are excited about the opportunity to support our Nation’s Veterans by offering appropriate financial services to help them achieve greater financial independence, resiliency, and literacy. • VBBP seeks to simplify banking choices by helping eligible Veterans select the right bank and services for themselves and their families. • VBBP helps Veterans and other VA beneficiaries choose among the three available options for receiving VA monetary benefits: direct deposit into an existing or new bank account, electronic funds transfer to a Direct Express prepaid or other prepaid card, electronic funds transfer, or mailing of paper checks to pre-approved beneficiaries. • VBBP simply introduces banking options to eligible veterans who do not currently have bank accounts. • VBBP does not require Veterans who are satisfied with their current financial situation to change how they receive their VA monetary benefits. • Neither VA nor AMBA endorses any particular banks, credit unions, products or services, or requires Veterans or other beneficiaries to use them.