Military banks are financial institutions that specifically cater to the needs of military personnel, veterans, and their families. They offer a range of services, including checking and savings accounts, loans, and financial planning, often with terms that are favorable to those in the armed forces. These banks understand the unique challenges faced by military members, such as frequent relocations and deployments. Many military banks are affiliated with the Department of Defense or operate as credit unions. They often provide specialized products, like VA loans, which help veterans purchase homes. Additionally, military banks may offer financial education resources to assist service members in managing their finances effectively.