# VetraFi — Banking for Warfighters > Banking and spending app for military personnel with early pay and savings interest. (iPhone/iPad app by VetraFi, Inc..) - Source: https://appshunter.io/ios/app/vetrafi/id6738711284 (this page in markdown: same URL + `.md`) - Developer: [VetraFi, Inc.](https://appshunter.io/developer/1782017541) - Category: Finance, Education - Price: Free - Rating: 5.00/5 from 6 App Store ratings · 4 written reviews indexed - Age rating: 4+ - Requires: iOS 15.1 · 140 MB - Languages: American English - Released: 2026-09-25 - Data updated: 2026-10-07 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/vetrafi/id6738711284/reviews.md ## What is VetraFi? One app for your pay, your savings, & your spending.⁵ Get paid up to 2 days early⁸ Set up direct deposit with myPay if you're active duty, or submit your SF-1199A if you're new to service Get 3.00% APY⁴ on your savings Open with $0 & keep no minimum balance4,5 Spend safely with the Shield Card.5 Never spend money you don't have, your limit is your deposit balance² Open your account with no credit pull¹² & no annual fee¹⁰ Nationwide ATM Access Use any ATM where Mastercard® is accepted³ Eligible fees reimbursed up to $15 a month6,7 Apply in minutes Open your account right from your phone.¹¹ Get Financially Fit with VetraFi! Earn It. Disclosures: 1 VetraFi is a financial technology company, not a bank. Banking services provided by First Bank of the Lake, Member FDIC. 2 The Shield Card is a secured charge card. Your credit limit is based on the amount of eligible funds in your deposit account and may increase or decrease as that balance changes. Funds securing your credit obligations are not available for withdrawal or transfer. Terms and conditions apply. See VetraFi Secured Charge Card Agreement. 3 The VetraFi Shield Card is issued by First Bank of the Lake, pursuant to license from Mastercard International Incorporated. Cardholder terms and limitations apply. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. 4 APY means Annual Percentage Yield. APY is accurate as of date of publication. Minimum deposit required to fund Savings Account is $0.00. Interest rates and APY are subject to change at any time without notice. Fees could reduce the earnings on Savings Account. Funds must be held in Savings Account to earn interest. Other terms apply. See VetraFi Savings Account Agreement for details. 5 This Shield Card Account is opened together with a separate Secured Deposit Account and a Savings Account. See agreements available at www.vetrafi.com/legal for full terms and conditions. 6 VetraFi does not maintain a fee-free ATM network. Your card can be used at any ATM where Mastercard is accepted. ATM operators may charge a fee for cash advances. VetraFi will reimburse up to $15 per month or 4 fees per statement cycle for eligible fees; limits and conditions apply. 7 ATM cash advance limits apply. See Secured Charge Card Agreement for details. 8 Early access to direct deposit is available for eligible account holders who set up direct deposit with their employer or paying agency. Early access is based on when First Bank of the Lake receives notice of payment from the payer and is generally one to two days before the scheduled payment date. Early access is not guaranteed and may vary between pay periods. If the deposit is delayed, reversed, or not received by the Bank, previously available funds may be removed from your Account. See Secured Deposit Account Agreement for details. 9 Deposits are held at First Bank of the Lake and are eligible for pass-through FDIC insurance up to $250,000 per depositor, per ownership category, if requirements for pass-through coverage are met. FDIC insurance applies only if the FDIC-insured bank fails. 10 The fees applicable to your accounts are disclosed in the respective account agreement for the account. Each of the account agreements are available at www.vetrafi.com/legal. 11 Products and services offered through VetraFi are subject to approval. Terms and conditions apply. See account agreements available at www.vetrafi.com/legal for details. 12 Opening a VetraFi account does not result in a credit inquiry. Your Shield Card credit limit is based on the amount of eligible funds in your deposit account, not on a review of your creditworthiness. To open an account we must verify your identity, which may include obtaining information from consumer reporting agencies. Account opening is subject to identity verification and approval. Terms and conditions apply. Full agreements can be found at vetrafi.com/legal ## Key features - Early direct deposit access - 3.00% APY on savings - Secured charge card with no credit pull - Nationwide ATM access with fee reimbursement - Account opening in minutes ## Is VetraFi safe? Not enough ratings yet to assess VetraFi. ## Is VetraFi legit? VetraFi has limited verification signals. The AppsHunter Legitimacy Score for VetraFi is 58 out of 100 points across 7 verification signals from App Store and developer data. ## Recent user reviews (4 of 4) All indexed reviews: https://appshunter.io/ios/app/vetrafi/id6738711284/reviews.md ### 5/5 — Get your finances in order first *2026-10-05* I've helped over about 3,000 veterans find work. The ones who land well almost always have their finances in order first. When you're separating and job hunting, you need an account that doesn't charge you monthly fees and a card that keeps you from overspending. VetraFi gives you both ### 5/5 — Better than USAA in every way *2026-09-29* Higher interest rate and easier interface. Exceptional service ### 5/5 — Built with military families in mind. *2026-09-28* Military Spouse here. Set it up myself in five minutes. I am using HYSA to grow my emergency fund. It’s so easy to set up! ### 5/5 — Finally moved off my old bank *2026-09-26* I kept my old bank account for 11 years mostly out of habit. I opened an account at VetraFi and moved my main spending over within a week. The app is simpler, I can see everything on one screen, and the savings rate is better than what I was getting. Also support was amazing and answered my question quickly. ## Frequently asked questions about VetraFi ### What is VetraFi? VetraFi is a financial technology company that provides banking services through First Bank of the Lake, Member FDIC. It offers features like early direct deposit, savings accounts with interest, and a secured charge card. ### How does VetraFi's early direct deposit work? Eligible account holders can receive their pay up to two days early if their employer or paying agency submits payment information to First Bank of the Lake in advance. Early access is not guaranteed and may vary. ### What are the savings account features in VetraFi? VetraFi offers a savings account with a 3.00% APY, no minimum balance requirement, and no minimum deposit to open. Interest is earned on funds held in the savings account. ### How does the VetraFi Shield Card work? The Shield Card is a secured charge card. Your spending limit is based on the balance in your linked deposit account, ensuring you never spend more than you have. It requires no credit pull to open and has no annual fee. ### Can I use any ATM with VetraFi? Yes, you can use any ATM where Mastercard is accepted. VetraFi will reimburse eligible ATM fees up to $15 per month, with limits on the number of fees per statement cycle. ### Is VetraFi safe to use? Banking services are provided by First Bank of the Lake, Member FDIC, ensuring your deposits are eligible for FDIC insurance up to $250,000. The Shield Card is a secured charge card, and account security measures are in place. ### How often is VetraFi updated? The latest version of VetraFi is 1.0.2, and it was last updated on September 25, 2026. Updates typically include performance improvements and new features. ### What devices does VetraFi support? VetraFi is available for iPhone and iPod devices. It is designed for users who prefer mobile banking on Apple's iOS platform. ## Version history (last 1 release) ### 1.0.2 — 2026-09-25 No release notes. --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-10-07.*