Paycheck Chronicles

13 June 2014 Military Pay

The next regular, active duty military payday is Friday, 13 June 2014.  The exact day and time of your pay deposit will depend on the policies and practices of your bank, and also the schedule by which the Defense Finance and Accounting Service (DFAS) provides pay information to the financial institutions.

One Business Day Early

The most popular "early deposit" policy is for deposits to be posted one day prior to the actual payday.  Two big financial institutions that offer this benefit are USAA and Pacific Marine Credit Union, but there are others, as well.  For this pay period, one business day early equals Thursday, 12 June 2014.

Navy Federal Credit Union

Navy 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 payday.

NFCU members who use Active Duty checking accounts will see their pay pending on Wednesday, 11 June 2014, to be posted overnight and available for use on Thursday, 12 June 2014.  NFCU members who use any other type of checking account will see their pay pending on Thursday, 12 June 2014, to be posted overnight and available for use on Friday, 13 June 2014.

Service Credit Union

Service Credit Union’s policy is more vague and not guaranteed.  Service Credit Union's policy states that it will credit active duty military pay “up to two business days” prior to the actual payday, pending the receipt of the pay information  from DFAS.   Service Credit Union members with active duty military pay could see their pay credited as early as Wednesday, 11 June 2014.

99% of pay related "problems" are because people expect to be paid at a certain time.  Pay can be deposited at any time of the day.  See When Will I Get Paid? for more information.

However, actual pay errors do occur.  If no deposit has been put in your account even though the payday has come and gone, you should check Why Hasn’t My Pay Been Deposited? for the steps to locate the error.



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