If you can separate your mailing and residential (most financial institutions let you do this), then do that.
You cannot use a "mail forwarding" (CMRA) address as a residential address with a financial institution; they may flag it and freeze your accounts. You will want to use your residential address as your primary address with financial institutions. That said, try to send minimal mail to your residential address, as we have to forward every item to the mailing address before we can legally process it for you.
Critical documents such as IRS correspondence, government-enclosed mail, and physical debit or credit cards can be received at your residential address. For any non-essential mail arriving at your residential address, there is a $3 mail processing fee for each piece. While we rarely apply this fee, we reserve the right to do so. Read the complete list of residential mail restrictions here.
Banks and credit card companies often do not accept PO Boxes or non-residential addresses as your primary address, so it is essential to confirm their specific requirements to avoid complications.
This is why we recommend splitting your residential and mailing address with your bank (almost every financial institution supports this) so that minimal items are mailed to your residential address.
If you can only use a single address, use your residential.