Paycheck Chronicles

1 September 2017 Military Pay

Oh, these long pay periods.  I start getting questions about payday sooo early!

The next regular, active duty military payday is Friday, 1 September 2017.  It's a long-ish pay period for everyone, but it is super-long for those of you who were paid on or before the last weekend.  Like 19 days.  Understandably, this makes many folks antsy because you still need to put gas in the car and you still need to eat.  And so, I get questions.

If you're wondering how you'll get through until that next pay period, you will find some ideas in Eight Ways To Get Through A Long Pay Period.

If you don't use a bank or credit union that offers early crediting of military pay, you should expect to be paid on Friday, 1 September 2017, and be pleasantly surprised if your pay is available earlier.  For those of you who do use a bank or credit union that offers early crediting, here is when you should expect to see your 1 September 2017 military pay in your bank account:

USAA

USAA is so simple:  they credit pay one business day prior to the military payday, pending the receipt of pay information from the Defense Finance and Accounting Service (DFAS).  For this pay period, that will be Thursday, 31 August 2017.

Pacific Marine Credit Union

Pacific Marine Credit Union (PMCU) credits military pay two business days prior to the military payday, pending the receipt of pay information from DFAS.  For this pay period, that will be Wednesday, 30 August 2017.

Service Credit Union

Service Credit Union credits military pay two business days prior to the military payday, pending the receipt of pay information from DFAS.  For this pay period, that will be Wednesday, 30 August 2017.

Navy Federal Credit Union

One type of Navy Federal Credit Union (NFCU) checking account offers early direct deposit:  Active Duty Checking.  Only those members who use Active Duty Checking have their military pay credited one business day prior to the actual payday.

For this pay period, NFCU members who use an Active Duty Checking account will see their pay pending on or before Wednesday, 30 August, to be posted overnight and available for use on Thursday, 31 August 2017.

NFCU members who use any other type of account will see their pay pending on or before Thursday, 31 August 2017, to be posted overnight and available for use on Friday, 1 September 2017.

This is a great time to evaluate your overall financial flexibility.  If this long pay period is challenging, you may want to figure out how to tweak your money situation so that it won't be a problem in the future.

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