DFAS Debit Card Program Now Available for Retirees
A Treasury mandate requires DFAS to pay military, civilian and retired customers by electronic funds transfer (EFT).
Beginning March 1, 2013, most of you who received a paper check began receiving notifications that you must deposit your pay directly to your savings or checking account. You will continue to receive these notifications until you sign up for EFT; sign up for the debit card solution the Department of the Treasury has made available; or receive a waiver from the Department of the Treasury mandate.
With direct deposit, DFASsends your payment straight to your bank account. About 99 percent of DFAS customers already receive their pay by direct deposit. They’re being paid on time without the risks of lost or misrouted mail.
Find more information about direct deposit at www.dfas.mil.
A small number of benefit recipients might not be able to open bank accounts, so DFAS has worked with the Department of the Treasury to provide you with a debit card option similar to the one the Treasury is offering for Department of Veterans Affairs and Social Security payment recipients. You can find out more at www.dfas.mil/mandatoryeft/debitcard.html.
If you want to continue receiving paper checks, you must apply for a waiver. DFAS is still working on the waiver process.