Deposit Formula Release For Free

Contact your finance office to start or stop allotments into the SDP. You can make deposits by payroll allotment or with cash, a personal check or an Eagle Cash card. Your spouse or a trusted family member can also start or stop allotments on your behalf with a special or specific power of attorney.

Payment can be made online via Pay.gov using checking and saving (ACH) account information, bank branded debit card, or PayPal (linked to checking and saving account only -ACH). Additional instruction on how to process payments is available through the DFAS Military Service Deposit (MSD) Payment eTutorial on YouTube.

Soldiers may also request funds prior to the 120 day period via their myPay account for SDP participants. To request an emergency withdrawal, the member should submit an askDFAS ticket and include an uploaded copy of the Commanding Officer's authorization letter.

The DOD Savings Deposit Program (SDP) was established to provide members of the uniformed services serving in a designated combat zones the opportunity to build their financial savings. Amounts up to $10,000.00 may be deposited, earning 10% interest annually.

A. You must complete an RI 20-97, Estimated Earnings During Military Service, and mail it to the appropriate military finance center (see attached listing), with a copy of all DD Forms 214.

Contact your agency Human Resource department and arrange to pay back your military time. Complete either a SF-3108 or a SF-2803. You can make payments through payroll deduction or pay a lump sum if you desire.

Deposits may be made by payroll allotment, Eagle Cash card, cash, or personal check. Allotments may be established by visiting the member's servicing branch of service administrative or finance office. An SDP allotment may be increased or decreased as your financial situation changes.