Mandatory participation in the direct deposit system for U.S. Navy members: issues and concerns

Abstract

This thesis discusses issues pertaining to the implementation of a mandatory direct deposit policy by the U.S. Navy. Research was concentrated on issues of concern to the afloat community and personal financial management. Availabilit: of cash underway, the impact of shipboard ATM's and the ability of the Navy's various afloat pay data entry systems to provide accurate and timely service in a direct deposit environment were analyzed. The personal financial management skills necessary for successful interaction with the Direct Deposit System were defined and the Navy's current means of providing training to acquire those skills were explored. Among the conclusions reached by the author are that the Navy's current afloat pay data entry systems cannot provide sufficiently Limely or accurate service to support a mandatory direct deposit policy, and that the Navy's current means of providing relevant personal financial management skills training are inadequate to prepare Navy members for a mandatory direct deposit policy.