USAA members

[texasthree]

Our auto account was credited today. They took the whole amount of this months bill so that works out perfect for me, less insurance bill right before christmas!

I didnt realize they ever sent an actually check out. Do you all have checking/savings accounts with them? I dont bank with them but perhaps I should.

 

[LoraJ]

I used to get checks from them, but this year, I also go a credit.

 

[sk8ingmom]

Got my check yesterday!

 

[dvcfamily41801]

Can I ask what this is for....we only have our life insurance through them, and I almost always throw out the USAA mail unless its the quarterly bill for our policy. I remember back when we had our auto insurance with them, we used to get the checks. Please tell me I have not been throwing out "good stuff" for years.

 

[tiggerlover]

Okay, I got mine today and was all excited to open it.... only to discover it wasn't a check! Instead I had a letter stating that they were pleased to inform me that they were crediting my insurance account with $49.

I feel somewhat like Clark Griswald in Nat'l Lampoons Christmas Vacation when he didn't get his Christmas bonus.

I've gotten a check from USAA every year since I started using them, and this year we added my husband to the account so I thought we might get even more.

Oh well. A credit is a credit (even though if they spread $50 over a 6 month premium that's not going to be very helpful since we pay monthly) and I shouldn't complain.

But I am a little disappointed.

We got a credit too, but ours was only $9 and change.

 

[SeeDisney]

I got my pre-warning letter that our check for $35 is expected to be refunded to us. Big deal!!! It seems like others is larger. My pre-warning letter indicated that 6.4 billion will be refunded to the members. My slice should be larger, huh???

 

[CindyBeth]

Got mine! It was credited to our account also.

 

[sk8ingmom]

This is wierd. I can't figure out their method. We have 3 bank accounts, credit card, car loan, auto & home insurance with USAA and they mailed us a check! I'd think they would just dump it into one of our bank accounts or credit the insurance bill instead of the expense of cutting and mailing a check. Strange. Oh well, I'll use that $90.94 no matter how it got to me!

 

[graygables]

My dad said there is some kind of formula, whether it is SSA or dividend and if it's less than a certain amount, they just credit your bill. He also said that some states may not allow a check? Since he's the officer, he gets the SSA, I only get the dividend, but they told me today it was mailed last Saturday and was around $55 (so I'm guessing $50 may be the cutoff?). I don't recall seeing anything from them in the mail, so I'm hoping it shows up soon!

 

[Belle1962]

DS got his. I haven't gotten anything. Last year my ExDH got mine "dumped" into his check. Boy was I livid. I thought USAA had it worked out though for this year-------will be calling them as soon as I can.

 

[lovemygoofy]

We have had USAA for 5 years and still haven't received a check from them. I was told when I started asking was that there is an acct(SSA) that all the dividends are put into, until a specific amount. I don't even remember the amount and then the dividends are then released to the customer either through a credit in the account or a released check. I did ask how to get the money out of the SSA, and I don't know if this is really correct or not but the operator said one of us had to die. I just said they could keep it for a while then.

 

[Christine]

We have had USAA for 5 years and still haven't received a check from them. I was told when I started asking was that there is an acct(SSA) that all the dividends are put into, until a specific amount. I don't even remember the amount and then the dividends are then released to the customer either through a credit in the account or a released check. I did ask how to get the money out of the SSA, and I don't know if this is really correct or not but the operator said one of us had to die. I

I have this same type of account and I think it sucks. I was also told that I had to die or get a divorce to get the money. Otherwise, only my beneficiaries get it. What's up with that?

 

[trip]

We have had USAA for 5 years and still haven't received a check from them. I was told when I started asking was that there is an acct(SSA) that all the dividends are put into, until a specific amount. I don't even remember the amount and then the dividends are then released to the customer either through a credit in the account or a released check. I did ask how to get the money out of the SSA, and I don't know if this is really correct or not but the operator said one of us had to die. I just said they could keep it for a while then.

The other way to get the money is to terminate all policies. But, since we've been members since '75 that's not going to happen.

 

[Christine]

The other way to get the money is to terminate all policies. But, since we've been members since '75 that's not going to happen.

Can anyone explain which/how some members are in the group that gets money every years and some of us are in the group that gets a savings account?

 

[RadioNate]

I got my check and I have a friend who works for USAA.

She says there are 3 seperate companies within USAA and you get assigned to one. Dependent memberships are all one company and the other 2 are military. I don't know how the 2 miitary groups are split up. Each pays the dividend differently.

I think the credit cut off is $50. My mom got her check which was around $35 and it was a credit...ours was double that since we have 2 cars and we got a check. It could be a more complicated formula like if it is less than 1 months premium.

 

[wvjules]

I have two savings accounts and a checking account with them. Is this refund only for Insurance holders? The monthly debit card rewards have been adding up over the past six months though.

 

[lovemygoofy]

I have two savings accounts and a checking account with them. Is this refund only for Insurance holders? The monthly debit card rewards have been adding up over the past six months though.

I know its not for just insurance holders as I have both my cars and my renters insurance as well as my MC and 2 retirement plans.

 

[DawnCt1]

we received two checks yesterday, totally $487. i am expecting ds's today.

 

[trip]

I have two savings accounts and a checking account with them. Is this refund only for Insurance holders? The monthly debit card rewards have been adding up over the past six months though.

I don't think USAA considers the banking side for the distributions, only the P&C policies. (automobile, homeowners,renters,condos, fire, personal article floater, umbrella, and boat insurance.)

 

[tikilyn]

I don't think USAA considers the banking side for the distributions, only the P&C policies. (automobile, homeowners,renters,condos, fire, personal article floater, umbrella, and boat insurance.)

Gosh I wish we could get insurance through them. We have auto loans and a checking account with them. It would be nice to receive some money from them. I could shoot dh for not signing up with them when he was in the military.