Banking boot camp: training soldiers to be good bankers

Those who serve in the military make up less than 1% of the entire US population. But it is a group with big needs -- especially when it comes to banking. ABA, along with its members and other organizations, is making strides to help active and retired members of the military manage their banking an...

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Bibliographic Details
Published in:ABA banking journal 2012-06, Vol.104 (6), p.10
Main Author: Bray, Ashley
Format: Magazinearticle
Language:eng
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Summary:Those who serve in the military make up less than 1% of the entire US population. But it is a group with big needs -- especially when it comes to banking. ABA, along with its members and other organizations, is making strides to help active and retired members of the military manage their banking and other aspects of their financial lives. Ultimately, the goal is to reduce exposure to loss by training soldiers to have better control over cash handling and electronic transactions. ABA has developed courses for soldiers to earn an American Institute of Banking Military Banking Operation Diploma. A commitment to the military is the primary mission for banks actually chartered to serve this group. Military banks often go above and beyond the responsibilities of a typical bank to serve soldiers' unique needs. That often includes staying open seven days a week. Also, many embrace technology to best serve members.
ISSN:0194-5947
2161-5101