Today I received the following announcement by email advertising a new feature in my USAA account:
Well yes, I do like the convenience of tracking my Coinbase Bitcoin wallet balance within the USAA dashboard. I guess they combed their records to find who was using Coinbase and decided there was enough activity to warrant making this a feature. To add your Coinbase account to your USAA dashboard, in your My Accounts tile, select “Add a Non-USAA Account.”
After that’s done you’ll see both your BTC and USD balances as separate Coinbase wallets. I always like to see traditional financial institutions brake down the walls between themselves and BTC, but this is only a start.
- The email was sent to users already making deposits / withdrawals to and from the Coinbase system. This wasn’t a system-wide email.
- You can only view your Coinbase wallet balances. If you go to your USAA funds transfer widget, you won’t be able to select your Coinbase account to add or withdraw funds.
Hopefully in the future you’ll actually able to move funds between USAA and Coinbase within your USAA dashboard. Until then, you’ll at least be able to keep an eye on your BTC balance (and hop over to Coinbase if you need to actually transact between BTC and your USAA checking or savings account).