I finally got a proper, written response from Navy Federal regarding their new policy of releasing military pay early for members with Active Duty Checking accounts. Basically, they will release the pay on the day they receive the files from DFAS. It could be several days earlier, it could be one day earlier.
I think this is awful for people who are living paycheck-to-paycheck. Yes, you will be getting your money early, and you will always be getting it by payday. However, I know plenty of families who already run out of money before payday, and that is when you can predict when it might be. Plus, I think that this might sometimes mean that some of the long pay periods could stretch even longer.
You can read their complete statement here: