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Latest Compliance News

Columbus Day holiday payroll schedule

10/06/22

Author: ADP Admin/Monday, October 3, 2022/Categories: News

ADP® would like to remind you that Columbus Day, Monday Oct. 10, 2022, is a bank holiday. The Federal Reserve will be closed. 

 

To ensure timely employee direct deposits we recommend you accept and approve your payroll 48 business hours prior to pay date and no later than 2:30pm Eastern Time / 11:30am Pacific Time. Payrolls processed less than 48 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. 

 

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 business days prior to check date.

 

If your Pay Date is on:

Payroll must be Completed/Accepted by 2:30pm Eastern Time on:

Wire Clients and Over Threshold Clients -
Funding Due Date:

ADP Will Debit ACH Clients on:

Friday

10/07/2022

Tuesday

10/04/2022

Wednesday

10/05/2022

Thursday

10/06/2022

Monday

(Columbus Day)

10/10/2022

Move Pay Dateto Friday 10/07/2022 or Tuesday 10/11/2022
Follow Friday or Tuesday Pay Date processing information listed here

Tuesday

10/11/2022

Wednesday

10/05/2022

Thursday

10/06/2022

Friday

10/07/2022

Wednesday

10/12/2022

Thursday

10/06/2022

Friday

10/07/2022

Tuesday

10/11/2022

 

Note: Payrolls processed with a pay date of 10/10/2022 will not be deposited until 10/11/2022, depending upon the individual’s depository institution, and expect to be debited 1 day earlier than usual.

 

Submit change to your ADP Payroll Schedule through self-service directly from Workforce Now which are effective real-time.

 

If you have additional questions or concerns, go to the Support icon in ADP Workforce Now – the question mark icon in the upper right part of the Workforce Now screen or contact your ADP Service Representative.