The next regular, active duty military payday is Friday, 1 May 2015. Wondering about the actual date of deposit for your pay? That will depend on the policies and practices of your bank or credit union. Heck, sometimes (in the case of Navy Federal Credit Union) it even depends on your account type.
One Business Day Early
Early direct deposit is a popular benefit with military customers. Both USAA and Pacific Marine Credit Union (PMCU) offer the release of military pay one business day early, as well as some other institutions. The business day prior to this payday is Thursday, 30 April 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 what type of checking account you use. Active Duty Checking customers receive early direct deposit, all other checking account types have their pay deposited on the regular pay day. Keep in mind that Active Duty Checking means that you have selected that particular account type. You don’t automatically have that account just because you are on active duty.
Members using an Active Duty Checking account may see their pay listed as pending on Wednesday, 29 April 2015, to be posted overnight and available for use on Thursday, 30 April 2015.
Members using any other type of checking account may see their pay listed as pending on Thursday, 30 April 2015, to be posted overnight and available for use on Friday, 1 May 2015.
Service Credit Union
Service Credit Union offers direct deposit two business days prior to the regular military payday, pending the receipt of 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, 29 April 2015. Note that this is not guaranteed!
While this pay period, and the next one, are typical lengths, the end of May is a long one. Plan now so that you aren’t frustrated by a lack of funds over the Memorial Day weekend.