Goodness gracious, I forgot to update this one time!
The next regular, active duty payday is Friday, 14 August 2020. Most military members will have their military pay deposited on Friday, 14 August 2020. Some military-friendly banks and credit unions offer early crediting of direct deposited military pay, so your pay might be credited prior to that date. 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’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 payday, that will be Thursday, 13 August 2020.
Navy Federal Credit Union
Navy Federal Credit Union (NFCU) has two different pay deposit dates depending on what type of checking account you use for your military pay deposit. And because of the way that they credit deposits over the weekend, this one is going to be a little confusing for some members.
Active Duty Checking customers will see their pay pending on Wednesday, 12 August 2020, to be posted overnight and available for use on the morning of Thursday, 13 August 2020.
NFCU members with accounts that are not Active Duty Checking accounts will see their pay pending on Thursday, 13 August 2020, to be posted overnight and available for use on Friday, 14 August 2020.
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 Wednesday, 12 August 2020.
You can see a complete list of banks and credit unions that I know offer early direct deposit at Banks and Credit Unions With Early Direct Deposit Of Military Pay
Depending on how you plan your spending, knowing when the next military payday will come can make a big difference in your plans. Start planning for the year with the 2020 Active Duty Military pay post, or USAA customers can use the 2020 USAA Military Pay Deposit Dates article, or Navy Federal Credit Union members can use the 2020 Navy Federal Active Duty Checking Pay Deposit Dates article.
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