Whoa! That’s Not Right

So, I logged onto our bank account today to see what was up…and it shows the pending deposit for Wednesday’s payday.  Surprise – the amount is listed for several thousand dollars more than I was expecting.  What to do?

Well, primarily, don’t spent it.  Since this is a mid-month pay, we won’t be able to see the full accounting until the LESes are released in a few weeks.  We will just have to put that money aside and wait until we can see what has happened.  Maybe there hadn’t been an error, maybe I’m just confused.  Totally possible, since we have just moved into a new house and we are owed some back housing allowance.  Nothing I can do right now but wait.

And not spend the money.

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.
  • LOL you prompted me to check my account right away, but alas, no extra funds for us.

    Do you have USAA? I’m not showing our deposit as pending yet, and it usually is by this time. Odd.

  • Wise decision to wait – I’ve experienced (and known several other military members who experienced) over-payments, only to have the money yanked back without warning. It can cause problems to say the least! :)

  • Kimi

    Good thing I found this site, We just got our first paycheck from the military, and it was about $1500 more than expected… the thing is, the numbers don’t add up. There is no pending deposit, and no history of a new deposit of that size.

  • Alisha

    I would leave it in the account that it was deposited to but not spend it. Something similar happened to us when my DH was on his first deployment. Sometimes the money will be taken back out, but usually they just take an allotment from future paychecks. So they may be very small.

    Did you check his LES to see what the money is from?