Paycheck Chronicles

31 October 2014 Military Pay


The next regular, active duty military payday is Friday, 31 October 2014 because 1 November 2014 falls on a Saturday.  When will you actually get paid?  That depends on your bank, its policies, and some other 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 Early

The most common early direct deposit offer is where the financial institution credits the pay deposit one business day early.  While other banks and credit unions may offer this benefit, 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, 30 October 2014.

Service Credit Union

Service Credit Union’s policy is less structured, 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 members with active duty military pay could see their end-of-month pay credited as early as Wednesday, 29 October 2014.  Please remember that Service Credit Union does not guarantee that the pay will be deposited early; don't spend it until you see it!

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 type that offers early direct deposit.  All other account types receive their pay deposits on the regularly scheduled paydays.

NFCU members who use Active Duty checking accounts will see their pay pending on Wednesday, 29 October 2014, to be posted overnight and available for use on Thursday, 30 October 2014.  NFCU members who use any other type of checking account will see their pay pending on Thursday, 30 October 2014, to be posted overnight and available for use on Friday, 31 May 2014.

The time that you are paid can vary from payday to payday.  The bottom line is that you can be paid at any time on the payday, regardless of when you are usually paid or what time your buddy says he gets paid.  See When Will I Get Paid? for more information on how this occurs.

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.

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