It must be near payday – my box is filled with people wondering when they will get paid next. Here is the scoop: military payday is Monday, November 15th. If you have a bank who releases your deposit early, you will get it on the regular Monday payday schedule. Nothing I am writing is a guarantee, but based upon my experiences and reader comments, that means that:
- USAA will get paid on Friday
- Navy Federal Credit Union deposits will credit on Friday night
- Wells Fargo should be paid on Friday, probably
THESE ARE NOT GUARANTEES. This is all based on readers’ previous experiences.
Please keep in mind that there are all sorts of variables involved here. First, the banks are physically incapable of depositing all the pay at the very exact instant. They process the deposits in batches, so you might be paid at a different time from your buddy who uses the same bank. The banks are not obligated to allow you access to the deposit until the end of Monday, so please be kind and appreciate any early deposit, but don’t get all aggravated if you aren’t paid early. It is a courtesy that these banks provide for their customers.
Also, please, please: If you are stretching your budget tightly enough that the difference between Friday and Monday is very important to you, talk to your branch’s relief agency or your Command Financial Specialist about working out a spending plan to get you through to the next paycheck. Sometimes military pay comes every two weeks, and on rare occasions it can be up to 19 days between pays. If you are planning for every two weeks, those longer stretches can throw you for a loop. The next payday for the military will be on Wednesday, December 1st.
Please feel free to update with more information in the comments.