ADP® Comprehensive Services Newsletter 

© Copyright 2016 ADP LLC. 5800 Windward Pkwy | Alpharetta, GA 30005

Please Contact Us for More Information: 800-000-0000

 

Latest Compliance News

Payroll Alert: Labor Day Payroll Schedule

Labor Day is a Bank Holiday - Check Your Payroll Schedule

Author: Jody Rodney/Thursday, August 18, 2016/Categories: News

ADP would like to remind you that Labor Day, Monday September 5, 2016 is a bank holiday.  The Federal Reserve will be closed as will our 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 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.

User 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 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, 9/2

Tuesday, 8/30

Wednesday, 8/31

Thursday, 9/1

Labor Day

Monday, 9/5

Move Pay Date to Friday, 9/2 or Tuesday, 9/6

Follow Friday or Tuesday Pay Date processing information listed in this chart

Tuesday, 9/6

Wednesday, 8/31

Thursday, 9/1

Friday, 9/2

Wednesday, 9/7

Thursday, 9/1

Friday, 9/2

Tuesday, 9/6

Note:  Electronic transactions received with a pay date of September 5, 2016 may not be deposited until 09/06/2016, depending upon the individual’s depository institution.

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

Resource Corner