Some banks may step up for military customers if shutdown delays Feb. 1 pay

By: Karen Jowers
Jan. 19, 2018



Some financial institutions with large numbers of military customers plan to help ease troops’ financial stress in the event a government shutdown interferes with their Feb. 1 paychecks ... or beyond.

During a shutdown, by Defense Department guidelines, all active-duty military personnel would still report to work, but wouldn’t be paid until Congress makes funding available. During the last shutdown in 2013, Congress passed a law that required military members to be paid.

An unknown number of federal civilian employees could be furloughed, with no back pay. Those employees include military spouses, retirees and other veterans.

Here are some early shutdown announcements from financial institutions. As Feb. 1 approaches, check with your financial institution to see if similar plans are in place.

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