When Is The Next Military Payday?

It’s a long pay period – really long. The next regular, active duty payday is Wednesday, 1 August 2018, which is 19 days from the last payday. That can be tough on even the most organized of spending plans.

Which leads us to the big question: when is that pay going to show up in your bank account? That depends. Most military members will have their military pay deposited on Wednesday, 1 August 2018, but you may have access to your funds earlier if you bank with one of the financial institutions that offer early crediting of direct deposited military pay The biggest bank that offers this benefit is USAA, and Navy Federal Credit Union (NFCU) offers it for members who use an Active Duty Checking account.

USAA

USAA’s early crediting policy is straightforward and easy to understand: military pay deposits are credited one business day prior to the actual military payday. For this pay period, that will be Tuesday 31 July 2018.

Navy Federal Credit Union

Oh, Navy Federal. They confuse a lot of people. They have two different pay deposit dates, depending on what type of checking account you use.

Only customers who use an Active Duty Checking account receive early crediting of their military pay. Military members who have selected any other type of checking account do not receive early crediting. (If you don’t have an Active Duty Checking account, it is quick and easy to switch: call, hop online, or go into a branch.)

NFCU customers with Active Duty Checking accounts will see their pay posted overnight on Monday, 30 July 2018, to be available for use on Tuesday, 31 July 2018.

NFCU customers who use any other type of checking account will see their pay posted overnight on Tuesday, 31 July 2018, to be available for use on Wednesday, 1 August 2018.

Pacific Marine Credit Union

PMCU offers “advance pay” two business days prior to the actual payday. For this pay period, that will be Monday 30 July 2018.

Service Credit Union

Service Credit Union’s early crediting offer is “up to two business days,” pending the receipt of the pay files from the Defense Finance and Accounting Service (DFAS.) For this pay period, Service Credit Union anticipates crediting pay on Monday, 30 July 2018.

Thankfully, this is the longest pay period this year. If you’re not sure how you will make it to payday, check out this article:  Eight Ways To Get Through A Long Pay Period.

Depending on how you plan your spending, knowing when the next military payday will come can make a big difference in your plans. You can find all the paydays at my 2018 Active Duty Military pay post, or USAA customers can use the 2018 USAA Military Pay Posting article.

Looking to learn more about financial issues that affect military families?

Join the Military Money Questions and Answers Facebook group!