Now that we’ve recovered from the excitement of December, things are back to normal. So, when is the next military payday, and when will you actually get paid?
The next regular military payday is Monday, 1 February 2021. Most military members will be paid on that day, unless they use a bank or credit union that offers early direct deposit of military pay as a benefit to their members.
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 should be Friday, 29 January 2021.
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 their overnight pay processing system can sometimes produce some unexpected results.
Active Duty Checking customers should see their pay pending on Thursday, 28 January 2021, to be posted overnight and available for use on the morning of Friday, 29 January 2021.
Because of Navy Federal’s overnight pay processing system, NFCU members with accounts that are not Active Duty Checking accounts should see their pay pending on Friday, 29 January 2021, to be posted overnight and available for use on Saturday, 30 January 2021.
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.) The Service Credit Union calendar anticipates that pay will be deposited on Thursday, 28 January 2021.
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 2021 Active Duty Military pay post, or USAA customers can use the 2021 USAA Military Pay Deposit Dates article, or Navy Federal Credit Union members can use the 2021 Navy Federal Active Duty Checking Pay Deposit Dates article.
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