Veterans Benefits Banking Program

The Veterans Benefits Banking Program provides Veterans with a safe, reliable, and inexpensive way to receive and manage their VA monetary benefits. Now the program has added a new component with the integration of a newly redesigned, VetCents, that offers Veterans ways to gain the knowledge, skills, and confidence they need to take control of their financial life.

VA expanded the Veterans Benefits Banking Program to provide more services to Veterans. See what the expansion, called VBBP 2.0, offers.

VA established the Veterans Benefits Banking Program (VBBP) in 2019. Since then, more than 100,000 Veterans have switched to direct deposit.

VA established the Veterans Benefits Banking Program (VBBP) in December 2019. Since then, more than 75,000 Veterans have signed up.

Veterans who receive federal benefits should sign up for direct deposit to receive their benefit payments electronically.

The Veterans Benefits Banking Program (VBBP) has made it easier and safer than ever before to receive your benefits electronically and protect yourself from fraud. Since the program launched in December 2019, VBBP has helped ensure nearly 25,000 Veterans and beneficiaries are no longer at risk for financial fraud tied to pre-paid debit cards and paper checks.

VA)has partnered with the Association of Military Banks of America (AMBA) to launch the Veterans Benefits Banking Program (VBBP). With VBBP, Veterans and their families can safely, reliably, and inexpensively receive and manage their VA monetary benefits through financial services at participating banks.