Veterans will join active members of military as customers who are eligible for added benefits when banking with Chase.

After a substantial slip-up earlier this year, when military customers were overcharged on their mortgages, Chase (NYSE: JPM) has placed greater emphasis on pleasing this signficant customer group.

Providing banking benefits to the men and women that serve to protect our country is commendable, but Chase also didn’t want to forget past members of the military.

So, the bank has decided to stretch its military banking perks to include U.S. veterans starting November 15.

What Veterans Get

Under Chase’s Military Banking program, active duty military personnel, members of the Guard and Reserve, and veterans will be automatically upgraded to Chase Premier Plus Checking, a mid-tier checking that carries a $25 monthly fee (which can be waived) for regular customers.

On the Chase Premier Plus Checking account, there is no monthly fee, a free safe deposit box, four free non-Chase ATM withdrawals per month, free Chase design checks, and no fees on money orders, official checks, travelers checks and gift cards.

Furthermore, Military Banking customers will pay no monthly account fees on a Chase Plus Savings account and two additional Chase Premier Plus Checking accounts.

However, active duty military personnel who direct deposit their military base pay don’t have to worry about Chase fees on all non-Chase ATM transaction, incoming/outgoing wire transfers, and foreign exchange fees on debit/ATM transactions.

Veterans who are small business owners can also get business banking benefits such as no monthly fee on Chase BusinessSelect Checking and fee savings and discounts on SBA loan programs and lines of credit.

Finally, Chase has a Military Mortgage program that offers savings in closing costs, VA loan with no down payment and no private mortgage insurance, and extended servicing benefits.

Chase’s Military Banking program was launched in July, when it was only eligible to active military servicemembers.

Any veterans who would like to take advantage of the Chase Military programs must visit a branch.

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  • donjones

    A kick in the butt would mean as much. Be careful folks, you might accidenally do something meaningful.

  • Jack Rooney

    I think it is great for us veterans to have these good features when banking with Chase.

  • Seth M

    Great deal here. But even as good as this deal is, USAA banking is so much better. But the best way to bank is to use USAA as main bank and have CHASE as a sister bank to do things that USAA can’t (safe deposit box, cash deposit at ATM, transfers to/from other accounts via mobile app, ATM fee rebates, etc). I love USAA. I love CHASE. But I love them together the most.

  • Harry e

    Chase, like many businesses, has trouble defining veterans from retirees. In order to take advantage of their military banking they want to see your military ID. I served over 7 years and was honorably discharged but of course I wouldn’t have a permanent ID card. So while my country recognizes me as a veteran in good standing, Chase does Not.

    • tc

      Use your DD214

  • Frederick Ledbetter

    Be very with any Chase bank accounts. I had a HELOC with them after they bought WAMU and even though I was current with my payments, per an Agreement I had signed, Chase sold my home without a foreclosure. It was just sold. I filed a lawsuit, and