The Department of Defense today announced a change in
procedures for its Overseas Military Banking Program.
The Department of Defense has made arrangements to use
unique DoD identification numbers on checks and automated teller
machine cards, instead of checks and ATM cards provided by the
contractor for the banking program. Overseas customers will soon
receive checks and ATM cards bearing the name of the DoD Overseas
Military Banking Program Community Bank. This new arrangement
stabilizes banking services for the customers and eliminates the
need to change payroll information and reissue checks and
automated teller machine cards each time a new contractor is
selected for the program.
The Office of the Under Secretary of Defense (Comptroller)
administers the Overseas Military Banking Program which provides
banking and other financial services for Department of Defense
personnel and their families assigned outside the United States.
NationsBank of San Antonio, Texas currently operates the banking
program for the Department of Defense and will continue to
provide services for the Community Bank concept.
The new Community Bank accounts can be used throughout the
system. With these new arrangements, Department of Defense
personnel will be able to conduct banking business more readily
at any one of the 118 overseas banking facilities located in
Germany, Holland, the United Kingdom, Iceland, Panama, Korea,
Diego Garcia and Japan, including Okinawa.
New Community Bank checks and automated teller machine cards
are expected to be issued to customers in Germany, the United
Kingdom, Iceland and Holland during November. Customers should
continue using their old checks and ATM cards until they receive
new ones. Customers in the remaining locations will receive
checks and ATM cards at a later date.
These banking changes are expected to result in a more
efficient and cost effective operation, while maintaining a high
standard of quality and providing a significant benefit to
American military personnel and their families stationed