31 December 2014 Military Pay

The last military payday of 2014 is still 10 days away, but the questions have been coming in, so I thought I should write about it early.  The December 2014 end-of-month pay day is Wednesday, 31 December 2014 because 1 January 2015 is a federal holiday.  While some banks and credit unions post military pay a little early, it is hard to get too early with a Wednesday payday.

Many of the emails and comments I’ve received have been asking about unusually early deposits, like before Christmas.  While anything is possible, I don’t see this happening.  Please do not make plans or hopes based on the idea that your military pay is going to be deposited a week early.

One Business Day Early

Of all the early pay offers from different banks and credit unions, the most common is to credit deposits one business day early.  Two big military-oriented companies that pay one business day early are USAA and Pacific Marine Credit Union.  Banks and credit unions that credit direct deposits one business day early will post those deposits sometime on Tuesday, 30 December 2014.

Service Credit Union

Service Credit Union’s policy is less predictable than others.  Service Credit Union posts active duty military pay “up to two business days” prior to the actual payday, if the payroll information is received early.  Service Credit Union does not guarantee that the pay will be deposited early.

Service Credit Union members with active duty military pay could see their mid-month pay credited as early as Monday, 29 December 2014.  Yes, it is possible that it will be early.  Please don’t count on it.

Navy Federal Credit Union

Navy Federal is a little tricky.  First, they have two different paydays depending on which type of account you use.  Second, they show pay as “pending” on the day before it will actually be available, then it is posted overnight and available for use on the next business day.

Keeping these things in mind, you get the following information:  NFCU members who use Active Duty checking accounts will see their pay pending on Monday, 29 December 2014, to be posted overnight and available for use on Tuesday, 30 December 2014.  NFCU members who use any other type of checking account will see their pay pending on Tuesday, 30 December 2014, to be posted overnight and available for use on Wednesday, 31 December 2014.

As always, I rely on my readers to tell me what is happening with their bank or credit union.  I don’t have an account with everyone, and I don’t even have friends who work at every bank.  I learn from y’all, so tell me what is going on!

 

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.
  • israel

    Navy federal is already showin a pending transaction, does that means we will get paid this week?

    • henry

      no I’ve had NFCU show pending deposit 2 weeks before it wasI it should show the date it should be as “scheduled deposit” look under “scheduled transactions and should have the date

  • Brandon

    My navy federal isn’t showing anything

  • Ry

    My Navy Federal isn’t showing anything pending either…… I wish it did!

  • john

    When does bank of america get paid for end of month december 2014?

    • Kate

      John, to the best of my knowledge, Bank of America deposits military pay on the actual payday. So, Wednesday, 31 December. Do they usual deposit early?

      • Sarah Pybus-Elmore

        Hi Kate,

        My husband is active duty, and he currently deployed. We were payed on Nov 12, Nov 26, then Dec 11. It has now been 17 days since the 11th, should I be worried that he hasn’t gotten paid yet? He has a Navy Fed Active Duty account.

        • Kate

          Navy Federal members who use active duty checking accounts should see their pay pending on the 29th, to be posted overnight and available for use on the 30th. They’re not late, and there is nothing unacceptable about it.

          Because weekends and holidays exist, sometimes paydays came come as much as 19 days apart, and sometimes they come as frequently 11 days apart (if the 1st and 15th are both on Mondays, but the 15th is a holiday, which often happens in January.)

          Because Navy Federal offers early direct deposit for members with Active Duty checking, the times when the pay periods are a little longer or a little shorter doesn’t line up with when the “regular” pay periods are a little longer or a little shorter.

          If all this is confusing or frustrating to you, I’ll have the 2015 Navy Federal pay posting calendar up later today. You can note the dates on your calendar or in your budget so that you won’t be surprised again. I’ll link to it here in the comments.

        • John Cena

          Shut the hell up. YOU ARE COMPLAINING ABOUT GETTING PAID EARLY!

        • ted

          I’m sure obama has nothing to do with when your funds will deposit. -_-

        • eric d

          LOL I hear that lmao .. notice her husband is not posting , hes not worried about it its her ahhahaha

      • jeremy

        I too have B of A and probably will be on 31st. Because 31st is not the Holiday the 1st is.

        • eric d

          MOST other account besides usaa or NFCU will post overnight on the 30th to be available by 2-6 am on 31st, most banks are open 31st but for short hours but still consider this a business day…..bummer hope I was getting paid early but guess what, 31st is really not that far away folks, best thing is to call YOUR bank and they will tell you ,bank of America, regions and a couple others I know will post like I explained above.

    • guest

      Bank of America??? they suck i would not trust them with one penny

  • eric d

    MOST other account besides usaa or NFCU will post overnight on the 30th to be available by 2-6 am on 31st, most banks are open 31st but for short hours but still consider this a business day…..bummer hope I was getting paid early but guess what, 31st is really not that far away folks, best thing is to call YOUR bank and they will tell you ,bank of America, regions and a couple others I know will post like I explained above.

  • Kay

    Seriously? Those who obviously have plenty of time and money, and don’t have to depend on an active duty member’s pay to provide for their families, need to find something else to do. I gave up my 13 year career in law enforcement to stay home and take care of our family. With my qualifications, we don’t have the option of having a dual income situation. Maybe in a perfect world? However, since there’s no guarantee where we’ll be every couple years, there’s no sense in committing myself with the reality that I may have to quit out of the blue. No one’s complaining about getting paid early or not. However, when you have bills to be paid and food to buy, some of us, who live paycheck to paycheck, like to know if we’ll get paid early so we know when we can pay our bills and get food and necessities. I’m proud of my husband and more than grateful for what he sacrifices for our family. Oh, and for the comment about the woman writing and not her husband (the servicemember), when on deployment their access to the internet is infrequent and often short. They have to depend on their spouses to learn as much as they can. I always share everything with my husband as we both like to know what is going on. That’s all….

    • eric d

      hahahahahahhahahahahah

  • Sharon

    Mine is put on the USDirectExpress card. Does anyone know when that posts?

  • Essa Kokali

    We did not rev jan 2015 direct deposit which is due from v.a. Disability on the first. Anyone else ,is theirs?

  • Essa Kokali

    Anyone not REceive their January deposit from va disability?

  • Essa Kokali

    We did not rev jan 2015 direct deposit which is due from v.a. Disability on the first. Anyone else ,is theirs?

    • eric d

      I would call regional VA office 1800 827 1000 asap you should have received it 12/31/14 due to the first being a federal holiday, I would call regional office asap

  • Essa Kokali

    Did anyone not receive their va disability for January via direct deposit? Mine did not get deposited and I am freaking out.

    • ken

      I have not received mine either…..has anyone found anything out about it yet???

      • eric d

        I received my 100% va disability 12/31/14 at midnight, they have until the end of today to make sure its in there, I would call your bank

        • eric d

          have you missed any compensation/pension appointments??

  • Jan

    Not disability, but we didn’t get our survivors benefit direct deposit either

  • eric d

    Kate, why did you delete my posts, I did not violate your rules, its okay for woman to speak their mind but I guess not men.

    • Kate

      Eric, I do not moderate the comments here and I don’t have the power to delete posts. That is all handled by a comment moderation team, and they do what they want. I’m sorry your comments were deleted, but it wasn’t me.

      • eric d

        okay, sorry I thought you moderated them I thought it was a little unfair but its all good, thanks

  • eric d

    VA disability is paid like retirement in arrears kate can tell you more about it but you should have received it on the 12/31/14 I think for fiscal tax purposes plus holiday, but I would call VA regional office 800827 1000 even if they are not open you can type your social/file number and they will tell you over the automated system how much and when your last benefit was recieved

  • eric d

    guess that va disability came in for those folks , im glad , im curious what regional va office said ” legally we have until end oof businesss day on 1st” or what