The Department of Veterans Affairs announced that its Veterans Benefits Banking Program has converted more than 200,000 Veterans and beneficiaries from paper checks to direct deposit for receiving their VA benefits payments.
VA partnered with the Association of Military Banks of America to create the Veterans Benefits Banking Program in 2019. Through VBBP, Veterans have access to 43 participating financial institutions to provide low to no-cost checking and savings accounts.
To read the updates on this program, please see today’s press release by VA.