Paycheck Chronicles

30 November 2012 Military Pay


I know that this is super-duper, ridiculously early, but I wanted to answer some questions about the next military payday.  The next regular, active duty military payday is Friday, 30 November 2012.  When your deposit will be posted will depend on the policies and practices of your bank or credit union.

I am aware that pay comes early when there is a holiday involved, but that is only when the holiday prevents pay from being distributed on the correct day.  Since Thanksgiving is tomorrow, 22 November 2012, it will not affect the payment of the 30 November 2012 pay.  However, I did notice that my husband's Leave and Earnings Statement is already up - I imagine that they wanted them to be posted before the holiday weekend.

So, when will your pay be deposited?  As with nearly everything in life, there's no single answer.  The time and day of your deposit is up to the policies and procedures of the banking institution with which you have your pay direct deposited.  They are required to make sure you get paid sometime on the correct payday.  Many banks and credit unions do offer early direct deposit as a courtesy to their customers.  The best way to find out is to call your bank or stop by a branch.  You can also look at past deposits to see if there is a pattern, but that is a less accurate method of knowing the actual deposit schedule.

The most common non-payday deposit policy is to deposit active duty pay one business day early.  USAA, Pacific Marine Credit Union and other banks offer this benefit.  For this next payday, one business day early will be Thursday, 29 November 2012.

Navy Federal Credit Union offers the early direct deposit benefit only to customers with their Active Duty checking account.  If your pay is deposited into an Active Duty checking account, you will see your pay pending on Wednesday, 28 November 2012, to be posted overnight and available for use on Thursday, 29 November 2012.  If your pay is deposited into any other type of checking account, you will see your pay pending on Thursday, 29 November 2012, to be posted overnight and available for use on Friday, 30 November 2012.  Just because you are on Active Duty doesn't mean that you automatically have an Active Duty checking account account.  You selected your account type when you opened your account.  Because Active Duty checking accounts are fairly new, you actually have to change to an Active Duty account if you were previously enrolled in another account type.

Service Credit Union's policy is to deposit up to two business days early.  This is never a guarantee that your deposit will be early, because they are relying on the Defense Finance and Accounting Service to push the pay information to them.  Assuming all goes well, Service Credit Union customers will see their pay deposited on Wednesday, 28 November 2012 or Thursday, 29 November 2012.

As always, pay can be deposited at any time on the day - there is no fixed schedule and even if there were, situations can always change how the schedule works out.

See  What Time Will I Get Paid?  for  more information.

Are you pretty sure that you should have been paid, but you  haven’t?   Check out Why  Hasn’t My Pay Been Deposited?

Hope you all have a great Thanksgiving!

Please just don't forget, just one more paycheck before Christmas, and then a long pay period until the end of December.

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