13 March 2015 Military Pay

Payday is coming, and the website traffic makes it seem like people are really anxious for it.  The next regular, active duty military payday is Friday, 13 March 2015.  The specific date and time that you will see your deposit will depend on the policies and practices of your bank or credit union.

One Business Day Early

As a way to differentiate themselves from the bjillions of other banks and credit unions available, some financial institutions offer early direct deposit of  military pay, and the most common offer is to deposit that pay one business day prior to the actual payday.   Customers of both  USAA and  Pacific Marine Credit Union (PMCU) receive this benefit, as well as some other institutions.  For the upcoming payday, one business day prior  is Thursday, 12 March 2015, and that is when USAA, PMCU, and other one day early customers will have their pay deposited.

Navy Federal Credit Union

Navy Federal deposits on two different days, depending on  the  type of checking account you have selected for your deposits.   Active Duty Checking customers receive early direct deposit, all other checking account types have their pay deposited on the regular pay day.

Members using an Active Duty Checking account may see their pay listed as pending on Wednesday, 11 March 2015, to be posted overnight and available for use on  Thursday, 12 March 2015.

Members using any other type of checking account may see their pay listed as pending on Thursday, 12 March 2015, to be posted overnight and available for use on  Friday, 13 March 2015.

Service Credit Union

Service Credit Union offers direct deposit two business days prior to the regular military payday, pending the receipt of the pay deposit information from the Defense Finance and Accounting Service (DFAS.)  For the next payday, Service Credit Union members should expect to have their active duty military pay available on Wednesday, 12 March 2015.

This is the last of the regularly-spaced, every-other-Friday paydays that we’ve enjoyed for the last few months.  This paycheck has to last until the next payday on 1 April 2015, which is 19 days away (almost three weeks.)  Plan your spending to ensure that you won’t be broke days before payday.


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.
  • JEB246

    I severed on a study group in the early 1990’s that recommended bi-weekly paydays (26 / year) as a way to even out the budgets for both the service members and the services. It was killed because of the cost to convert the computer programs.

    • Kate

      Interesting! I am in favor of going back to the once-a-month payday system, and I was recently surprised to discover that a significant chunk of my friends use this option (around 10%) even though it isn’t publicized. Unfortunately, I’m not sure that most of our servicemembers are ready to figure out how to make their pay last that long.

  • Chuck Sears

    When is Congress going to get off their asses and have an Open Season for Survivor Benefits Program? I was going through a divorce during my retirement so I electedd not to participate; I have retired (1992) and have been unable to get enrolled in the SBP. Every answer I get from DFAS and Congressman is “when Congress sets a date”. Set the date!

    • Kate

      Chuck, open seasons occur after a major benefits change. The idea behind an open season is that a person might have chosen differently had the rules been different. There has been no major benefit change, so no open season.

      You may find yourself very lucky as a major benefits change has just been signed into law. It is speculated that the change may trigger an open season. I don’t know if it will be a general open season or only available to those who to whom it applies (parents of disabled children.)

      If an open season occurs, and you are eligible to participate, be prepared to pay the 23 years of premiums to catch yourself up in the plan.

      To everyone else reading this: never make any SBP decisions based upon the thought that you will be able to rejoin later during an open season. As I said, this only occurs after major benefit changes. The SBP rules are pretty well sorted out now, and I don’t anticipate another open season will occur for a very long time, if ever.

    • Kayla

      How is the monthy payday possible? I’m definitely interested in that!

      • Kate

        Kayla, if you are Air Force or Army, just go to your finance folks and ask them for the appropriate paperwork. The Army form for changing pay frequency is the DA Form 3685. If you are Marine Corps or Navy, it allegedly can not be done. However, I have one Navy friend who went into PSD and stomped her feet and somehow it happened. I have absolutely no idea how!