The next regular, active duty military payday is Friday, 30 May 2014. When will your pay be available for you to spend? That depends on your bank, its policies, and some random variables. Most banks and credit unions deposit active duty military pay on the actual payday. However, some companies offer early direct deposit as a benefit to their customers. Thankfully, even early posting is relatively uncomplicated for a Friday payday.
One Business Day EarlyThe most common early direct deposit offer is where the financial institution credits the pay deposit one business day early. The two big banks that pay one business day early are USAA and Pacific Marine Credit Union. For this pay period, one business day early equals Thursday, 29 May 2014.
Service Credit UnionService Credit Union's policy is less defined, which is good and bad. Service Credit Union will credit active duty military pay "up to two business days" prior to the actual payday, if the payroll information is received from the Defense Finance and Accounting Service. Service Credit Union does not guarantee that the pay will be deposited early.
Service Credit Union members with active duty military pay could see their mid-month pay credited as early as Wednesday, 28 May 2014.
Navy Federal Credit UnionNavy Federal Credit union has two different paydays depending on which type of account you use. Their Active Duty checking account is the only account that offers early direct deposit. All other accounts receive their pay deposits on the regularly scheduled paydays.
NFCU members who use Active Duty checking accounts will see their pay pending on Wednesday, 28 May 2014, to be posted overnight and available for use on Thursday, 29 May 2014. NFCU members who use any other type of checking account will see their pay pending on Thursday, 29 May 2014, to be posted overnight and available for use on Friday, 30 May 2014.
The time that you are paid can vary from payday to payday. See When Will I Get Paid? for more information.
Payday truly come and gone, and still no deposit in your account? Check out Why Hasn't My Pay Been Deposited? to figure out what to do next.