Paycheck Chronicles

1 August 2016 Military Pay


Goodness gracious - how is it almost August?  The next regular, active duty military payday is Monday, 1 August 2016.  Monday paydays create a lot of confusion because some banks and credit unions deposit military pay funds early, but the definition of early is a lot less clear for Monday paydays.  Plus, some financial institutions guarantee early pay deposits, and some just do it occasionally.  So, what day will you see your 1 August 2016 military pay in your bank accounts?  Well, that depends...

Generally speaking, if you do not bank with a financial institution that guarantees early direct deposit as a benefit to it's members, you should plan to see your deposit in your bank account at some point on Monday, 1 August 2016.

If you know for sure that your bank offers early direct deposit as a benefit to your customers, they are probably one of the four banks listed below.


USAA credits military pay one business day prior to the actual payday.  For this payday, that will be Friday, 29 July 2016 - one week from today.  Pay can be deposited at any time during the day, even though deposits usually post in the morning.

Navy Federal Credit Union

Navy Federal Credit Union (NFCU) is a little tricky because they have two different deposit dates based upon the type of account that you use, and also because their deposit posting system is affected by weekend.

If you use a NFCU Active Duty Checking account for your military pay deposit, then your pay will show as pending on Thursday, 28 July 2016, to be posted overnight and available for use on Friday, 29 July 2016.

If you use any other type of checking account, then your pay will show as pending on Friday, 29 July 2016, to be posted overnight and available for use on Saturday, 30 July 2016.

Pacific Marine Credit Union

PMCU also credits active duty deposits one business day early, so PMCU customers will have their pay deposited on Friday, 29 July 2016.

Service Credit Union

Service Credit Union deposits active duty military pay two business days prior to the actual payday, pending the receipt of pay information from the Defense Finance and Accounting Service (DFAS). Therefore, Service Credit Union customers should have their pay deposited on Thursday, 28 July 2016.

As always, if your bank or credit union does not guarantee early direct deposit, you should not assume that your pay will be deposited early. With the weekend, some financial institutions may deposit funds early, but don't make any financial decisions based upon that "maybe."

Hope y'all are enjoying the summer!

Calculate your military pay with the latest approved pay rates -- download the Pay App for Android on Google Play or for iPhone on iTunes.

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