AUTHORIZATION TO START, STOP OR CHANGE AN ALLOTMENT PRIVACY ACT STATEMENT AUTHORITY: 37 U.S.C. Section 701, E.O. 9397. PRINCIPAL PURPOSE: To permit starts, changes, or stops to allotments. To maintain.
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How to fill out the DD Form 2558 online
This guide provides clear instructions on how to effectively complete the DD Form 2558 online. This form is essential for authorizing the start, stop, or change of an allotment, and understanding its components will ensure a smooth filing process.
Follow the steps to successfully complete your DD Form 2558 online.
- Click the ‘Get Form’ button to download and open the form in your preferred document editor.
- Select your branch of service by checking the appropriate box (Air Force, Marine Corps, Army, or Navy) in section one.
- In section two, enter your name (last, first, middle initial) clearly, ensuring accurate spelling.
- Provide your social security number in section three. This step is crucial for identification purposes.
- Indicate your pay grade in section four.
- Complete section five by writing your address (street or box number, city, state, ZIP code).
- Enter your daytime telephone number in section six, including the area code for easy contact.
- In section seven, specify the effective date for your allotment request in the required format (YYYYMM).
- Choose the allotment action you wish to take (start, stop, or change) by checking the appropriate box in section ten.
- Fill in the monthly amount of the allotment in section eight, ensuring it matches your intent.
- If applicable, provide the credit line in section twelve.
- Indicate the term in months for the allotment action in section eleven.
- Complete section thirteen by selecting the appropriate allotment class authorized.
- For those with a foreign address, provide the details in section fifteen.
- Use section sixteen for any remarks or additional information related to your allotment.
- In section seventeen, provide the company code, financial institution, or routing transit number.
- Next, enter your account number or policy number in section eighteen.
- If class L or T amounts apply, indicate these in sections nineteen and twenty.
- Read and understand the statement of understanding provided at the end of the form. It is essential to acknowledge your responsibilities.
- Finally, date your form in section twenty-two and provide your signature in section twenty-one.
- Once all sections are completed, you can save your changes, download the form, print it, or share it as needed.
Start completing your DD Form 2558 online today!
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Get answers to your most pressing questions about US Legal Forms API.
How do I set up a military allotment?
Starting, Stopping or Changing Allotments Log into myPay. Select Allotments For EFT Allotments, you can START or CHANGE or STOP an allotment amount and STOP an existing allotment. For Home Loan and Navy Mutual Aid Service allotments, you can only STOP or CHANGE money amounts.
How do you set up an allotment?
Log into myPay. ... Select "Allotments" from the Menu. ... Click "Add Dependent Allotment" ... Click "Yes" on the Pop Up. ... Complete the Form and click "Continue" ... Click "Submit" ... Click "Finished"
How do I set up an allotment through myPay?
Log into myPay. Select Allotments For EFT Allotments, you can START or CHANGE or STOP an allotment amount and STOP an existing allotment. For Home Loan and Navy Mutual Aid Service allotments, you can only STOP or CHANGE money amounts.
What is an allotment in banking?
An allotment is a portion of your paycheck which instead of being deposited into your primary bank account is deposited into another account as directed by you. These funds are paid in full with the first of the month. ... There are various reasons you may want to establish an allotment.
How long does it take for a military allotment to start?
When you set up an allotment, the process begins with the next full month of pay, which means that allotments set up after the 7th or so with not begin until the next month. Once the allotment starts, it is calculated on the full month.
Where can I get DD Forms?
To view DOD Forms, Directives, and Instructions, visit the following link: https://www.esd.whs.mil/DD/. From this main page, click on the DOD Forms or DOD Issuances drop-down menus in the toolbar to search for a specific form, directive or instruction by issuance number or subject matter.
How does military allotment work?
How do military pay allotments work? With an allotment, half of the allotted amount is deducted from your mid-month pay, and that amount remains in the system until the other half is deducted from your end-of-month pay. At that time, the entire amount is submitted to the designated recipient.
How long does it take to get military severance pay?
Your first CRSC monthly payment should be processed in 30 to 45 days after we receive your approval letter from your branch of service. In some cases, additional information, research or computation is required.
How do allotments work with myPay?
Allotments are split evenly between two paychecks per month. For example, a $500 allotment would deduct $250 from the first paycheck of the month and $250 from the second paycheck of the month. Allotments can be started and stopped through the myPay website or using DD Form 2558.
How many allotments can you have coming out of your military pay?
Limits on military pay allotmentsYou can have up to six discretionary allotments per month, and any number of non-discretionary allotments, but you may not have more than 15 allotments per month.
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