The next payday for military folks is Wednesday, 15 July 2015. What day will your 15 July 2015 military pay actually be in your bank account? Well, that depends on your bank or credit union. And, if you use Navy Federal Credit Union, it also depends on your account type.
If you don’t know that your financial institution offers early direct deposit as a benefit to their customers, you should assume that you will be paid on Wednesday, 15 July 2015.
One Business Day EarlyThe most common form of early direct deposit is “one business day” prior to the actual payday. The two biggest financial institutions that I know offer this are USAA and PMCU, but I am sure there are others. For the upcoming payday, one business day early will be Tuesday, 14 July 2015.
Service Credit UnionService Credit Union deposits active duty military pay two business days prior to the actual payday, IF Service Credit Union receives deposit information from the Defense Finance and Accounting Service (DFAS) in a timely fashion. For the upcoming payday, two business days early will be Monday, 13 July 2015.
Navy Federal Credit UnionNavy Federal Credit Union has two different military pay deposit dates. Which day you should expect your deposit depends on the account type into which the pay is deposited.
Navy Federal members who use an Active Duty checking account should expect to have their pay available to use on the morning of Tuesday, 14 July 2015. It will sometimes show as pending, in the column on the right hand side of the online account access screen, the day (or even two) prior to posting.
Navy Federal members who use any other type of account should expect to have their pay available to use on the morning of Wednesday, 15 July 2015. It will sometimes show as pending, in the column on the right hand side of the online account access screen, the day (or even two) prior to posting.
Don't forget that deposits can happen at any time of the day. Even if your bank or credit union has a time that is typical for deposits, that doesn't mean that your pay will be deposited at that time for each and every payday. Nearly all of the "I didn't get paid" messages I receive are resolved within a few hours, and almost always still on the actual payday.
However, if payday has passed and you have not gotten paid, be sure to see Why Hasn't My Pay Been Deposited? for the steps to track down the cause of the problem.