15 October 2013 Military Pay

Usually, I would be posting about the next payday, as it is one week from 15 October 2013.  However, I’m a little hesitant to do the regular post, as things are so up-in-the-air.  Please keep in mind that this post only applies if nothing ridiculous happens between now and then

A few other posts that you might want to read for perspective:

15 October 2013 Pay Is Coming, Relatively For Sure

Military Pay Not Safe Forever (Nor Retired, Nor Disability, Nor…)

The next regular, active duty military payday is Tuesday, 15 October 2013.  Most servicemembers will see their pay posted to the designated account some time on that day.  Some banks and credit unions offer early direct deposit as a courtesy to their members.  With the federal holiday on Monday, 14 October 2013, that means lots of confusion about when pay will be posted.

The most common offering is to deposit pay one business day early.  With the Monday holiday, one business day early is Friday, 11 October 2013.  Pacific Marine Credit Union‘s 2013 pay calendar, and shows that they will be depositing pay on Friday, 11 October 2013.  USAA ’s calendar also says that they will be depositing pay Friday, 11 October 2013.

If you bank with Navy Federal Credit Union (NFCU), your payday depends on the type of account into which you have your pay deposited. Keep in mind that NFCU shows the deposit as pending before it is actually posted, and you can’t spend it until it is posted!  NFCU members who use Active Duty checking for their pay will see their pay pending on Thursday, 10 October 2013, to be posted overnight and available for use on Friday, 11 October 2013.  NFCU members who use any other type of checking account will see their pay pending on Friday, 11 October 2013, to be deposited overnight and available for use on Saturday, 12 October 2013.

Service Credit Union offers early deposit “up to two days early,” and it is not guaranteed.  One of the factors that impacts their ability to pay early is the receipt of information from the Defense Finance and Accounting Service (DFAS).  Obviously, things with DFAS are a bit crazy right now.  If you are with Service Credit Union, I can’t guess when you will be paid.  However, you will absolutely be paid no later than Tuesday, 15 October 2013.

Please note that if you are paid before the weekend, it will be three weeks until your next payday on Friday, 1 November 2013.  This, with the uncertainty of that paycheck, means that you really need to be thinking and spending with a plan.

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.
  • bill

    where do you click on my pay to see that/

  • TN Annie

    Kate, Thank you so much for all of the excellent postings to keep us updated on the pay issues. Your advice for being prepared is something I have already done. I could see it coming and have cut back to bare bones! I hope this drama ends soon!

    • KateKashman

      Thank you for the kind words, Annie. A lot of people think I am just stirring up drama! You are very smart to cut back and try to build up some savings. Things are just crazy right now. I, too, hope this all ends soon.

  • Jenny

    I hope everyone can take away from this experience to save, save, save in case of this or another emergency. I know budgets can be tight sometimes and make it seem as though it is impossible to save but even just a little each month helps! There are so many free military resources to help you budget accordingly so please take advantage. It is important to do your best to save a little each month. Unless your income is exceptionally low, there is almost always ways to save. Ie, we cut our cable 6 months ago, we eat out on rare occasions (usually lunch vs. dinner to save even more), and we go to free activities like the park, certain museums, the library, etc. It’s always good to have 3-6 months of savings because you just never know. Times are tough and with this whole debt ceiling, it could get worse before it gets better.

    • KateKashman

      You are sooo right, Jenny! Thanks for sharing your thoughts. I hope everyone will listen.

  • David M

    I retired 30 September. I believe I should be receiving my final paycheck on 15 October, which should include my leave payout. Is that likely to happen, and can I expect my retired pay to start on 1 November as I was told, or might the current government situation delay those payments as well?

    Thanks for the excellent posts.

    • KateKashman

      David M, final pay is a tricky thing. It can be held up to sixty days, but it often comes within 30. If your final paycheck has been tallied and was submitted to DFAS for 15 October, there is no reason it wouldn’t be paid on time. And while I thoroughly believe that Congress will raise the debt ceiling to prevent late payments for 1 November, there are no guarantees. It would not be due to the current government situation (the lack of budget) but rather the other government situation (the debt crisis.) I hope that helps.

  • Tricia Lavaux Coffey

    What do you mean by Nov 1st pay is uncertain?
    I thought that active duty pay wouldn’t be effected because of the bill that congress passed to protect our pay. Does that bill not protect active duty pay if we default after the 17th?

    • KateKashman

      Tricia, the Pay Our Military Act (POMA) only cover government shutdown due to the lack of budget or continuing resolution. Last Thursday, Treasury Secretary Jack Lew testified that military pay would be jeopardized by a debt ceiling default. I am optomistic that Congress with resolve this issue by raising the debt ceiling, but I do encourage everyone to be knowledgable and prepared.