Is it possible for a non-financial institution to withdraw payments from a SM's pay?

2016-08-08T03:42:26-04:00

Reason I'm asking is I might sell my motorcycle to an active duty E-5 and would want to have him sign a contract and if it all possible have the payments deducted from his pay directly. Not sure if this is possible, but curious.

Response by COL Lee Flemming made Aug 8 at 2016 9:00 AM

2016-08-08T09:00:14-04:00

SPC(P) Private RallyPoint Member you can establish an allotment or a direct pay from your bank account, but non-financial institutions will not be able to directly access your account. I have attached the regulation for you to do a bit of your own research. GL. https://dmna.ny.gov/milpay/forms/R37_104_4.pdf

R37_104_4.pdf

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Response by SN Greg Wright made Aug 8 at 2016 11:24 AM

2016-08-08T11:24:26-04:00

Well if nothing else, he can agree to set it up himself. Most banks have some form of online bill payment.

Response by 2LT Private RallyPoint Member made Aug 8 at 2016 9:50 PM

2016-08-08T21:50:15-04:00

I would highly recommend that you not do that with his bank either. Not good for him. A pain in the ass for you. Tell him to save up or sell it on cycle trader. Yours is the hardest way I can possibly think of to sell or buy a motorcycle. I literally cannot think of a more complicated way.