President's Day is a Bank Holiday

02/07/19

Author: ADP Admin/Monday, February 4, 2019/Categories: News

Newsletter Article Template ADP would like to remind you that President’s Day on Monday, February 18, 2019 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 the pay date and no later than 2:30pm Eastern Time or 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 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), two business days prior to check date.

If Your Pay Date Is: Your Payroll Must be completed/approved by 2:30pm Eastern Time on: Wire Clients and Over Threshold Clients - Funding Due Date: ACH Clients - ADP Will Debit Your Account:
Friday
2/15/2019
Wednesday
2/13/2019
Wednesday
2/13/2019
Thursday
2/14/2019
President's Day
2/18/2019
Move Pay Date to Friday, 02/15/2019 or Tuesday, 02/19/2019
then follow Friday or Tuesday Pay Date
processing information listed here
Tuesday
2/19/2019
Thursday
2/14/2019
Thursday
2/14/2019
Friday
2/15/2019
Wednesday
2/13/2019
Friday
2/15/2019
Friday
2/15/2019
Tuesday
2/19/2019

Note: Electronic transactions received with a pay date of February 18 will not be deposited until February 19, depending upon the individual's depository institution.

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