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 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.