Latest Compliance News

Veterans Day holiday payroll schedule

10/06/22

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

ADP would like to remind you that Veterans Day, Friday November 11, 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:

Thursday

11/10/2022

Monday

11/07/2022

Tuesday

11/08/2022

Wednesday

11/09/2022

Friday

(Veterans Day)

11/11/2022

Move Pay Dateto Thursday 11/10/2022 or Monday 11/14/2022
Follow Friday or Tuesday Pay Date processing information listed here

Monday

11/14/2022

Tuesday

11/08/2022

Wednesday

11/09/2022

Thursday

11/10/2022

Tuesday

11/15/2022

Wednesday

11/09/2022

Thursday

11/10/2022

Monday

11/14/2022

 

Note: Payrolls processed with a pay date of 11/11/2022 will not be deposited until 11/14/2022, depending upon the individual’s depository institution, and expect to be debited 1 day earlier than usual.

 

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

 

Resource Corner