Included
Retired pay direct deposit
Receive monthly military retired pay into one account, with a prefilled DFAS form when you switch.
Your retired pay deserves a better landing place.
A deposit account built around the rhythm of monthly military retired pay clear balances, automatic reserves and access that includes the family.
Military Pension Banking
One account, one monthly rhythm
The account is designed to receive retired pay, make the pay date visible and put a reserve aside before the rest of the month begins.
Illustrative month
Pension day, in one view
Military retired pay$2,850.00
Automatic reserve−$300.00
Scheduled bills−$1,940.00
Left after both$610.00
Account capabilities
What the account does
Each item is part of the account design and the service model behind it.
Included
Pension-day calendar
See expected income and scheduled outflows before the month starts, not after it lands.
Included
Automatic reserve
Move a set amount to savings on pension day, so the reserve is built before the month spends it.
Included
Joint and survivor access
Plan access for the people who share the account, with a clear record of who can do what.
Included
Named support
A banker who understands military income and can explain the next step without a script.
Included
One clear view
Pension income, savings and regular spending in one place, with no product maze to navigate.
How it could work
A calmer pension day
Three steps, none of which require the bank to administer the pension itself.
- 1
Tell us what arrives
Record the monthly retired pay amount and the day it lands. We use it to build the first month view.
- 2
Set the reserve
Choose an automatic transfer to savings on pension day. The amount is yours to change, pause or stop.
- 3
See the month ahead
Expected income, scheduled bills and the balance left after both, in one view before the month begins.
Open an account
Your next pension day can be the first clear one.
Most personal applications take about eight minutes. You will get a decision, a routing number for DFAS and a named banker not a waiting list.
River Gem Bank is a California state-chartered bank. Deposits are FDIC insured up to $250,000 per depositor, per ownership category.