USAA Offers No Interest Loans to Military Members

Amid uncertainty about federal government funding, USAA is ready to offer a zero-interest payroll advance loan and other temporary solutions to affected members whose paychecks could be impacted.

USAA is prepared to offer the payroll advance loan to affected military members with existing direct deposit at USAA Bank if a government shutdown interrupts military pay. Likewise, members who have existing direct deposit arrangements at USAA Bank for their VA and Social Security checks would be eligible for the loan if their payments were interrupted due to a debt ceiling impasse.

If no interest loans to military members becomes necessary, USAA will email those members and provide information in the “My Offers” section of We will also offer other solutions, including special payment arrangements to help USAA members who receive government payments and find themselves in financial distress because of a shutdown.

“We all hope that policymakers will reach a deal before military pay is threatened,” says David Bohne, president of USAA Bank. “But we stand ready to help our members who would be impacted if that happens.”

Federal Spending Deadlines

The government’s authority to spend money will expire Sept. 30. Without a spending agreement before Oct. 1, the government would largely shut down. Without a solution, a shutdown could threaten federal paychecks on Oct. 15.

A second deadline involves the federal debt ceiling, which is the total amount of money the federal government is authorized to borrow. The government could reach that ceiling as early as Oct. 17, and, as a result, federal payments after that date could be disrupted.

What Can You Do?

It’s difficult to predict if the country’s spending and borrowing issues will be resolved without triggering a shutdown or other consequences for everyday Americans. Given the potential impact if things don’t go smoothly, it’s smart to prepare for a worst-case scenario.


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