Navy Cash®/Marine CashSM
Navy Cash/Marine Cash was developed in partnership with DFAS, the U. S. Navy and Marine Corps, and the Department of the Treasury. All personnel permanently assigned to a ship are eligible to receive a Navy Cash/Marine Cash card. Visitors may be issued a Navy Cash/Marine Cash 'Visitors card' while aboard the ship. The Navy Cash/Marine Cash card is a branded debit card that looks like a typical debit or check card.
Navy Cash/Marine Cash combines a chip-based electronic purse (stored-value function) with the traditional magnetic stripe (debit card and ATM function). The electronic purse replaces currency aboard ship. The magnetic stripe and branded debit features afford users access to funds in their Navy Cash/Marine Cash accounts world-wide via Automated Teller Machines (ATMs) and point-of-sale (POS) devices at merchants who accept debit cards. Sailors and Marines who elect the Split Pay Option may designate a portion of their pay to be sent directly to their Navy/Marine Cash accounts each payday. Cashless ATMs aboard ship provide 24-hour-a-day, seven-day-a-week access to Navy Cash/Marine Cash accounts. The cashless ATMs also provide offline access to accounts at financial institutions ashore and the ability to move money electronically to and from Navy Cash/Marine Cash Cash accounts and those financial institution accounts.
Enrollment - An individual must be enrolled in the program to open a Navy/Marine Cash account. The individual must complete the FMS Form 2887, sign and date the form, and give it to the DO or designated representative. The individual should bring a copy of a cancelled check or deposit slip from his or her financial institution to the DO or designee. The DO or designee shall verify the account information entered on the FMS Form 2887 with the cancelled check or deposit slip. The completed and signed FMS Form 2887 shall be forwarded to the Department of the Treasury's designated financial agent who is authorized to initiate debit and credit entries to the individual's financial institution. The FMS Form 2887 will allow the cardholder to transfer funds between his or her financial institution and the Navy/Marine Cash account. The DO shall retain a copy of all enrollment forms completed on the ship.