Don’t forget that you can find all the updated 2017 military pay charts here at Military.com.
We’re smack into a long military pay period, and folks are starting to realize that we have almost two weeks left until the next payday. Because 15 October fell on a Sunday, the military payday was on Friday, and many banks and credit unions offered use of that paycheck on Thursday or even Wednesday. With the next military payday on Wednesday, 1 November 2017, most people are looking at a 19 day pay period, which is tough if you’re living paycheck-to-paycheck.
Trying to figure out how to stretch your remaining money until the next payday? Eight Ways To Get Through A Long Pay Period may have some ideas to get you through.
Most military service members will be paid at some time on Wednesday, 1 November 2017. However, many banks and credit unions that have identified a military market offer to credit those pay funds before they actually arrive at the bank, a practice known as “early direct deposit.” If your bank or credit union offers early direct deposit, you may have your pay available for use earlier than 1 November 2017.
USAA credits military pay one business day prior to the actual military payday. For this pay period, one business day early will be Tuesday, 31 October 2017.
USAA’s Timing of Military Direct Deposits takes a look at how pay deposits may be credited at any time during the day.
Service Credit Union
Service Credit Union credits military pay two business days prior to the actual military payday. For this pay period, two business days early will be Monday, 30 October 2017.
Pacific Marine Credit Union
Pacific Marine Credit Union (PMCU) credits military pay two business days prior to the actual military payday. For this pay period, two business days early will be Monday, 30 October 2017.
Navy Federal Credit Union
Navy Federal Credit Union (NFCU) has two different pay posting dates. Only one type of NFCU Checking account receives early crediting of their military pay, an Active Duty Checking account. All other types of checking accounts have their military pay credited on the actual payday.
Just because you are serving on Active Duty doesn’t mean that you chose to use an Active Duty checking account for your military pay deposit. Not sure what type of account you have? You can look your account type through your online account access, call NFCU and ask, or stop by a branch.
If you use an Active Duty Checking account, you may see your pay “pending” on Monday, 30 October 2017. It will be posted overnight and available for use on Tuesday, 31 October 2017.
If you use any other type of checking account, you may see your pay “pending” on Tuesday, 31 October 2017. It will be posted overnight and available for use Wednesday, 1 November 2017.
If you’re in a serious pinch, and the suggestions in Eight Ways To Get Through A Long Pay Period aren’t enough to get you through to the next payday, there are some other strategies you can use: There is a Good Alternative to a Bad Payday Loan.