1 November 2012 Military Pay

Don’t forget, only four more paychecks until Christmas – and a long pay periodPlan now to prevent panic later.

It is a few days early for my usual one-week-before-payday update, but the questions have been coming in pretty quickly.  The next regular, active duty, military payday is Thursday, 1 November 2012.  Most people will see their pay arrive sometime on that day.  However, some banks and credit unions offer early direct deposit as a courtesy to their customers.  Not sure about your banking institution?  You can check around here at The Paycheck Chronicles, you can ask your friends, you check your old bank statements, or you can ask your bank.

Amongst the organizations that offer early direct deposit, the most common offering is one business day early.  These include USAA and PMCU.  Customers of USAA and PMCU, and other institutions that offer direct deposit one business day early, should expect to have their pay deposited on Wednesday, 31 October 2012.

If you bank with Navy Federal Credit Union, your deposit schedule depends on the type of account into which you are having your active duty pay deposited.  Members who have their pay deposited to Active Duty Checking accounts will see their pay pending on Tuesday, 30 October 2012, to be posted overnight and available for use on Wednesday, 31 October 2012.  If you have any other type of account, you will see your pay pending on Wednesday, 31 October 2012, to be posted overnight and available for use on Thursday, 1 November 2012.

Service Credit Union offers early direct deposit “up to two days early,” pending receipt of information from the Defense Finance and Accounting Service.  With payday falling near the end of the week, I imagine that Service Credit Union will be able to post deposits on Tuesday, 3o October 2012.  As always, I suggest you don’t make any serious financial transactions dependent upon the early pay.  It is a courtesy, not a guarantee, and who knows what might happen.

What time will you get paid?  It can be any time, so don’t worry.   See  What Time Will I Get Paid?  for more information.

Are you pretty sure that you should have been paid, but you haven’t?   Check out Why  Hasn’t My Pay Been Deposited?


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.
  • Donald Baize

    why was my retirement pay missing $1.39 for Oct.

    • KateKashman

      Mr. Baize, you will need to check your Retiree Account Statement to see why you pay was different from usual. You an access it online via the MyPay website. Should you have any problems, you can call the Defense Finance and Accounting Service Customer Service line for retirees and annuitants at 800-321-1080. They are open Monday to Friday, 7 a.m. to 6 p.m. Eastern Time. Mondays are usually very busy, so you will probably have less trouble getting through on another day.

  • William

    The military retirement pay is suppose to be separate from the VA disability pay for 2013

    • kathy

      it is separate we have one go to one bank and the other to usaa.

  • stephanie

    VA says they sent it and verified account number on ebenefits.va.gov but the bank has yet to receive the payment that I have got every month for over 10 years. I did change banks but the previous bank did not get it either. I called today to get more information from the 800-827-1000 and when I ask to speak to the DD dept. then it says “sorry, call back later” and hangs up.