Labor Day -- Banking Holiday

08/01/18

Author: Jody Rodney/Thursday, July 26, 2018/Categories: News

ADP Comprehensive Services would like to remind you that Labor Day, Monday, September 3, 2018, is a bank holiday. The Federal Reserve will be closed as will ADP’s offices. Please see the following Labor Day Banking Guidelines for Payrolls with Pay Dates on or around September 3, 2018.

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.

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.

Use this chart as a guide to determine if a payroll schedule change is necessary. Please note that 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 business 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

08/31/18

Tuesday

08/28/18

Wednesday

08/29/18

Thursday

08/30/18

Labor Day

Monday,

09/03/18

Move Pay Date to Friday 08/31/18 or Tuesday 09/04/18
then follow Friday or Tuesday Pay Date processing information listed here

Tuesday

09/04/18

Wednesday

08/29/18

Thursday

08/30/18

Friday

08/31/18

Wednesday

09/05/18

Thursday

08/30/18

Friday

08/31/18

Tuesday

09/04/18

Note: Electronic transactions received with a pay date of 09/03/18 may not be deposited until 09/04/18, depending upon the individual’s depository institution.

Submit changes to your ADP Payroll Schedule per the information listed below:

If You Use…

Then

Workforce Now

Make payroll schedule changes through self-service directly form Workforce Now which are effective in real-time.

Select Process > Payroll > Payroll Schedule

Click on the About This Page link for additional information.

In addition, you will be able to schedule Previous Quarter Adjustments (formerly called Out of Sequence) Payrolls and Submit Prior Quarter Adjustments.

Select Process > Payroll > Payroll Schedule > Choose Payroll Type > Previous Qtr Adjustments

If you have any questions, please contact ADP in the ADP Support Center or contact your Client Service Team.

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Labor Day -- Banking Holiday