USAA and Navy Federal Direct Deposits 1 June 2011 Military Pay

nfcu statement

I’ve spent most of the day hanging out in various internet forums and on Facebook, and I am really disturbed by how much mis-information is available, particularly when it comes to the 1 June 2011 military pay deposits.  I’m going to address (again) the two largest military banking institutions and how they have stated they will be releasing funds for the 1 June 2011 pay.

First, I’ll start with USAA.  They have been getting slammed in the social media, and I just don’t understand it.  USAA has always released direct deposit military pay ONE business day early.  Payday is on Wednesday, 1 June.  Therefore, ONE business day early is Tuesday, 31 May.  As stated on their Facebook page, that is when they plan to release those funds.  It’s not because they don’t support the military, or because they’re changing the rules, it is the same policy that USAA has always used.

Second, Navy Federal Credit Union (NFCU).  NFCU has different policies for different kinds of checking accounts.  Members who have an Active Duty checking account usually see their pay released 2 to 3 business days before the actual payday.  When NFCU began offering this early release of direct deposits funds, back in January, they stated that direct deposit active duty pay would be released as soon as it was received from DFAS.  In the intervening months, it has wiggled around but has now been pretty consistently 2 to 3 business days before the actual payday.  Looking at the calendar, and knowing what has been done in the past, it seemed most likely that NFCU would release funds to Active Duty Checking accounts overnight on Friday, 27 May,  to be available on Saturday, 28 May.  According to the NFCU Facebook page, this is exactly what is expected to happen.

However, if you bank with NFCU and you have any other kind of checking account, you do not get early release of direct deposit active duty pay.  In that case, your deposit would be posted overnight on Tuesday, 31 May to be available on Wednesday, 1 June (the actual payday!)

Please keep in mind, just because you are on Active Duty and you bank with NFCU does not mean that you have an Active Duty checking account.  NFCU offers a variety of different kinds of checking accounts and each member gets to choose what sort of account they want to have.  Not sure what sort of account you have?  Go to your online access and look at the list of your accounts.  If you have an Active Duty checking account, it will be called just that:

If you don’t have Active Duty checking, but you would like to, stop by your local branch or call.  It is easy to change!  It is too late to impact when this payday’s funds will be released, but it should work for the next payday.

Don’t forget that if you do get your 1 June 2011 pay before this holiday weekend, it will be a long time until the next payday.  15 June is also on a Wednesday.  As always, we can only guess when Navy Federal will release active duty pay, but it will mostly likely be a three weekend pay period.  If you are stretched, budget carefully.

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.
  • Grim_Zero

    Thank you for putting that together. I was having trouble finding accurate information.

  • jambarlo

    j g wentworth

  • Elliot Worix

    NFCU and USAA have early deposit policies, but what about Bank Of America military?

  • Joshua

    It is currently the 31st of May, i have a USAA Axtive duty account, and have not yet been payed… Just wondering if anyone else has had this happen as well.

  • Bill K.

    yes Joshua, same here. No deposit :( yet

  • lisa

    I have USAA no deposit yet!

  • John

    Same…No pay yet…Going back to NFCU Nomore USAA…i wanted money to pay with on my birthday which was yesterday.. :(

  • KateKashman

    I hope this doesn’t sound mean, but it isn’t even the start of business in San Antonio yet. I’m sure that the USAA deposits will start posting soon. NFCU customers who do not have Active Duty checking, you should see your deposits overnight tonight to be available tomorrow.

  • lenny

    usually usaa pays by 7 am est on the day we suppose to get paid…but not today yet

  • Lulu

    It’s 7:00 am June 1 here CET. And we have not been paid yet. We bank with NFCU.

  • Pam

    I got paid early, I’m happy with USAA. I had NFCU for a while I like USAA better for checking. I have a savings account with NFCU, I guess I have the best of both worlds.

  • Becky

    Wow, we’re not anal..we’re all trying to stick to a budget as far as bills and groceries are concerned. It is nice to know exactly when pay will be deposited so that we can plan for enough meals and budget enough money for certain things throughout the pay period.