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Latest Compliance News

January 1, 2018 New Year's Day is a Bank Holiday-Check Your Payroll Schedule

Author: Jody Rodney/Tuesday, December 12, 2017/Categories: News

ADP would like to remind you that New Year's Day, Monday, January 1, 2018 is a bank holiday.  The Federal Reserve will be closed as will ADP's offices. 

To ensure timely employee direct deposits we recommend you accept and approve your payroll 72 hours prior to pay date.  Payrolls processed less than 72 hours prior to pay date could experience late funding of employee direct deposits and tax deposits, and a delay in the delivery of your payroll package.

In order to prevent a delay in the posting of the direct deposit transactions to your employees’ accounts, it is very important that you review your payroll processing schedule prior to submitting your payroll.  Consider your current processing date and pay date to determine if a change is necessary to account for the bank holiday.  If a change is necessary, complete the Support Center request form (see below)  to alert ADP as soon as possible.   

Use this chart as a guide to determine if a payroll schedule change is necessary.  Please note if you are a wire client or over threshold client, you will need to check with your bank for their wire cut-off times.  To ensure timely employee direct deposits, ADP must have funds by Noon (local time) 2 banking days prior to check date.

If your pay date is:

Your Payroll must be completed/approved by the end of the business day on:

Wire Clients and Over Threshold Clients – Funding Due Date:

ACH Clients – ADP will debit your account:

Friday,12/29/2017

Tuesday, 12/26/2017

Monday, 12/27/2017

Tuesday, 12/28/2017

New Year's Day, 01/01/2018

Move Pay Date to Friday, 12/29/2017 or Tuesday, 01/02/2018. Follow Friday or Tuesday Pay Date processing information listed here.

 

 

 

 

Tuesday, 01/02/2018

Wednesday, 12/27/2017

Tuesday, 12/28/2017

Friday, 12/29/2017

Wednesday, 01/03/2018 Thursday, 12/28/2017 Friday, 12/22/2017 Friday, 01/02/2018

 

Note: Because ADP is closed on Monday, January 1, 2018, no payrolls will be processed on the 1st, and electronic transactions received with a pay date of 01/01/2018 will not be deposited until 01/02/2018, depending upon the individual’s depository institution.

To change your payroll schedule from your ADP Home Page, select Tools & Utilities >Schedule Change Request.

If you have any questions, please select contact your Service Team.