Memorial Day – Bank closure: payroll schedule

05/05/22

Author: ADP Admin/Monday, May 2, 2022/Categories: News

ADP would like to remind you that Memorial Day, Monday May 30, 2022 is a bank holiday. The Federal Reserve will be closed as will ADP’s offices. 

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.  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 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

05/27/2022

Tuesday

05/24/2022

Wednesday

05/25/2022

Thursday

05/26/2022

Monday

Memorial Day

05/30/2022

Move Pay Dateto Friday 05/27/2022 or Tuesday 05/31/2022
Follow Friday or Tuesday Pay Date processing information listed here

Tuesday

05/31/2022

Wednesday

05/25/2022

Thursday

05/26/2022

Friday

05/27/2022

Wednesday

06/01/2022

Thursday

05/26/2022

Friday

05/27/2022

Tuesday

05/31/2022

 

Note: Electronic transactions received with a pay date of 05/30/2022 will not be deposited until 05/31/2022, depending upon the individual’s depository institution.

If you have any questions, concerns or would like to make a change to your payroll schedule, please contact your Payroll Service Team.

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