Monday paydays always confuse folks, what with many banks and credit unions offering early direct deposit as a benefit for their customers. The next regular, active duty military payday is Monday, 1 July 2013. When will you actually have your pay deposited? That depends on your bank and your account.
Most military service members will see their pay deposited on Monday, 1 July 2013. That is the regular payday. You should only expect to have your pay deposited early if you use a bank or credit union that offers early direct deposit. Yes, some people might have their pay deposited early even if that isn't a usual practice of your financial institution. Be careful, however, not to count on it - better to play safe than make a financial mistake.
Banks that offer military pay deposits "one business day early" will post deposits on Friday, 28 June 2013. This includes USAA and Pacific Marine Credit Union (PMCU).
Service Credit Union offers direct deposit of military pay "up to two business days early," pending the receipt of information from the Defense Finance and Accounting Service (DFAS). Service Credit Union does not guarantee that their deposits will be made early. It is true that last few Monday paydays have seen Service Credit Union making deposits on the preceding Thursday. Again, though, don't make big financial decisions based on the certainty of being paid on Thursday.
And then there is Navy Federal Credit Union (NFCU). If you bank with NFCU, your pay deposit date depends on the type of checking account you use for your direct deposit. Customers who use an Active Duty checking account for their direct deposit will see their pay pending on Thursday, 27 June 2013, to be posted overnight and available for use on Friday, 28 June 2013. Customers who use any other type of checking account for their direct deposit will see their pay pending on Friday, 28 June 2013, to be posted overnight and available for use on Saturday, 29 June 2013.
As always, pay can be posted at any time during the day. What time will you get paid? Anytime, really. Don’t panic. See What Time Will I Get Paid? for more information.
Every once a while, pay doesn't show up at all. There are many reasons why this can happen. Check out Why Hasn’t My Pay Been Deposited? to get some ideas about how to track down the problem.
Future Planning Note: 1 August is on a Thursday, if you are paid early for Monday paydays, the second half of July will be a long pay period for you. Don't get caught without a plan.
