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Why Do I Have This
Contributor

I have been a USAA customer for over 26 years and am starting to get alarmed.  Does anyone else notice the increasing fees, charges, and privacy intrusions creeping into USAA's frequently changing policy?  USAA's disclaimer is that it helps fight terrorism and money laundering but having been in the military for a long time, I can say this is disingenuous.  Inceased fees are more like so the USAA CEO and managers can play golf at our expense.  And any money launder with an IQ above 80 would not use a bank in the US like USAA.  Just curious if I need to start looking elsewhere for banking and insurance needs.  Any suggestions are appreciated. 

7 REPLIES

I am with you brother.. 

Hello, @NJTom. We're certainly concerned to read that this has been your experience. Our ultimate mission is to ensure and maintain that all of our members' experiences still meet the highest standard of excellence. I will be sending your feedback to the appropriate area for further consideration and any necessary support. Thank you for hanging in there. ~ Steven

Thanks Steve but I have already informed USAA of my concerns.  I felt compelled to relate my experience with USAA to other members so they can be alert to possible unexpected increases but on further consideration removed my review.   

Shop around.  You wil do better than USAA.

yep, it’s out of line. I bank at at least 4 other financial institutions and none of these invasive questions arise. If they do, they are honest about it and don’t hide behind “to prevent money laundering”. Total BS

Yes, I recently got hit with a misc. charge in my brokerage account that I had never been charged before and I'm concerned also!  I've been a USAA member since 1977, but am thinking about transferring a huge chunk of my financial assets to TD Ameritrade, where I've been also a customer for a number of years on more of an experimental basis.  That experiment may lead to a signficant transfer of assets away from Victory, which I don't think USAA is really affiliated with any more, with the recent sale.  Victory may not know what it means to serve.    

Its time to go you have not gotten the MFA notice, the questions about your money that blocks your account, the replacement debit cards, and it goes on in the last 3 months.

 

TIME TO PACK IT UP AND MOVE ON 

Look at Navy Federal