Learn when to send your direct deposit payroll to pay your employees on time.
Getting paid on time is important for your employees. We help you understand when to send your payroll based on your direct deposit lead time.
Step 1: Determine what your direct deposit lead time is
Your direct deposit lead time depends on what payroll product you use.
|Note: Not sure which payroll service you have? Here's how to find your payroll service.|
Step 2: Determine when to submit or approve payroll
Now that you know what your payroll lead time is, here are some examples of direct deposit submission for a Wednesday and Friday payday.
Note that direct deposits are processed only on banking days.
|Direct deposit funding time||If the payday is…||Submit payroll by|
|Same-day lead time||• Wednesday|
|• Wednesday before 7:00 AM ET|
• Friday before 7:00 AM ET
|Next-day or 1-day lead time||• Wednesday|
|• Tuesday before 5:00 PM ET|
• Thursday before 5:00 PM ET
|2-day lead time||• Wednesday|
|• Monday before 5:00 PM ET|
• Wednesday before 5:00 PM ET
|5-day lead time||• Wednesday|
|• Wednesday (a week prior) before 5:00 PM ET|
• Friday (a week prior) before 5:00 PM ET
When you’re ready to pay your employees, be sure you have funds in your account to cover the payroll on the day it’s submitted. Keep in mind, Intuit won’t process your payroll on weekends or on provincial or statutory holidays.