Veteran’s Day is a Banking Holiday
11/01/18
Author: Jody Rodney/Tuesday, October 30, 2018/Categories: News
ADP would like to remind you that Veteran’s Day, Monday November 12, 2018 is a bank holiday. The Federal Reserve and ADP will be closed. Please see the following Veteran’s Day Banking Guidelines for Payrolls with Pay Dates on or around November 22nd, 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. If a change is necessary, please contact your Payroll Service Representative for assistance.
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 days prior to check date.
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If current
Pay Date is:
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Your Payroll must be Accepted by Cutoff on:
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Wire Clients and Over Threshold Clients -
Funding Due Date:
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ACH Clients – ADP Will Debit Your Account:
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Friday
11/09/18
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Tuesday
11/06/18
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Wednesday
11/07/18
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Thursday
11/08/18
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Veteran’s Day
11/12/18
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Move Pay Date to Friday, 11/09/18 or Tuesday, 11/13/18 then follow Friday or Tuesday Pay Date processing information listed here
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Tuesday
11/013/18
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Wednesday
11/07/18
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Thursday
11/08/18
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Friday
11/09/18
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Wednesday
11/14/18
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Thursday
11/08/18
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Friday
11/09/18
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Tuesday
11/13/18
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Note: Electronic transactions received with a pay date of 11/22/18 may not be deposited until 11/23/18, depending upon the individual’s depository institution.
Submit changes to your ADP Payroll Schedule through self-service directly from Workforce Now which are effective real-time. Select Process >Payroll > Payroll Schedule > choose Payroll Type > Previous Quarter Adjustments.
If you have any 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.