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When to send your direct deposit payroll

by Intuit•1• Updated 3 weeks ago

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.

In this article, you'll learn how to:



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.

If you use this product, you can enjoy Same-day or Next-day direct deposit. In some instances, you might be on a 2-day or a 5-day direct deposit lead time.

You can also view or change your direct deposit funding time.

If you use QuickBooks Desktop Payroll, you have a 2-day funding time. This means your team members are paid 2 banking days after you send your payroll to us.



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 only processed on banking days.

Direct deposit funding timeIf the payday is…Submit payroll by
Same-day lead time• Wednesday
• Friday		• Wednesday before 7:00 AM ET
• Friday before 7:00 AM ET
Next-day or 1-day lead time• Wednesday
• Friday		• Tuesday before 5:00 PM ET
• Thursday before 5:00 PM ET
2-day lead time• Wednesday
• Friday		• Monday before 5:00 PM ET
• Wednesday before 5:00 PM ET
5-day lead time• Wednesday
• Friday		• 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 provincial or statutory holidays.



View or change your direct deposit funding time

View direct deposit lead time

  1. Go to Settings ⚙️, then Payroll settings.
  2. Scroll to the Direct deposit section. You'll see your funding time above your direct deposit limits.

Change direct deposit lead time

You can change your funding time to 1, 2, or 5-day options depending on which payroll product you have.

QuickBooks Online Payroll Core: 2 and 5-day options

QuickBooks Online Payroll Premium/Elite: 1, 2, and 5-day options

Note: Not sure which payroll service you have? Here's how to find your payroll service.

If you want to switch back to a faster funding after switching to a 2 or 5-day funding, you must wait at least 60 days and complete at least 4 payrolls from the time your funding became effective. Do this as a last resort and check out Get help if you’re over a direct deposit limit for other options.

To change your funding time:

  1. Select Settings ⚙, then Payroll settings.
  2. Select Edit ✎ in the Direct deposit section.
  3. Select the funding time you need, then Save.
  4. Select Done.

If you’re using QuickBooks Desktop Payroll, you can’t view or change your funding time in your product.

Money movement services are provided by Intuit Canada Payments Inc.

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