Exclusive checking account for active and former military personnel with relationship benefits, including discounts and fee waivers on a variety of services and the ability to earn an additional 0.10% interest rate on new, eligible linked CDs.
|Minimum to Open
Yes, Rewards are available.
Free Overdraft Shield protection service2
Monthly statements unless there is no activity, then quarterly.
Ability to earn an additional 0.10% interest on new, eligible Certificate of Deposit (CD) Accounts
Six free non-NYCB ATM transactions per statement cycle1
Free stop payments
Free Official Checks and standard Money Orders
Free incoming wire transfers
Free standard checks - one box per year3
Mortgage closing costs discount available from a minimum of $750 up to $1,500 for purchase mortgages and certain refinances of existing mortgages (other restrictions apply, see terms and conditions for details).4
Free safe deposit box (where available)5
An annual $125 charitable donation to Pets for Vets in your honor as a way to thank you for your service to our country6
Depositor must be active or former military personnel.
For complete terms and conditions, fee schedules and more details, please speak with a branch representative.
There will be a fee if your account is closed within 180 days of opening.
How to Apply
Visit your local branch.
1 Fees may be charged by non-NYCB ATMs.
2 Conditions apply.
3 One free box per calendar year of single and duplicate category D and Let Freedom Ring and Heroes style checks.
4 To qualify, you must be the primary or joint owner of a My Community Military Checking account when purchasing or refinancing a residential mortgage with New York Community Bank and enroll in the Bank’s automatic mortgage payment service using your My Community Military Checking account. For a new purchase mortgage, or refinance of an existing mortgage from a bank or lender other than New York Community Bank, the closing costs discount is the greater of $750 or 0.375% multiplied by your loan amount (up to $1,500.00 or as set forth below). The closing costs discount for refinancing an existing Bank mortgage is $300. The calculated closing cost discount will be applied only to third party closing costs due at closing. If the calculated closing costs discount exceeds the third party closing costs due at closing, then the discount will be limited to the total amount of the third party closing costs. The Bank retains the right to cancel your automatic mortgage payment service if you fail to properly fund the qualifying checking account to cover your mortgage loan payments twice within any six-month period during the term of the automatic mortgage payment service. See terms and conditions for additional rules. The mortgage closing costs discount is not available on all mortgage products and is subject to change. All loans are subject to credit approval. Product availability and offers are subject to change. Not all products are available in all states. Mortgages are originated through New York Community Bank (NMLS #249276, MD #21548), an affiliate of New York Commercial Bank.
5 Not FDIC insured.
6 Charitable donation of $125 per year, eligible on the anniversary of opening the My Community Military Checking account, made by the bank in your honor to the Pets for Vets charity when you set up and receive qualifying direct deposits totaling $500 or more each month. A qualifying direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other governmental benefit. The donation is not tax deductible.