New Years bank holiday 2022

stephanie39 · ‎December 17, 2021

Where can I find the bank holiday list for 2022. I have a payroll that needs to pay employees on Tuesday, Jan 4, but I can't find a schedule that says if banks are closed on Monday, 1/3. Can anyone help?

I don't see a 2022 federal holiday list on the Intuit site.

MonicaM3 · ‎December 17, 2021

Hello @stephanie39

QuickBooks Payroll follows the Federal Reserve system for bank holidays. In 2022, since January 1st is on a Saturday, banks will remain open on Friday, December 31st, and will also be open Monday, January 3rd.

Thanks for checking in with the Community for help! Feel free to drop in any time you have a question.

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BigRedConsulting · ‎December 17, 2021

Here are the official bank holidays through 2025: https://www.federalreserve.gov/aboutthefed/k8.htm

MonicaM3 · ‎December 17, 2021

Hello @stephanie39

QuickBooks Payroll follows the Federal Reserve system for bank holidays. In 2022, since January 1st is on a Saturday, banks will remain open on Friday, December 31st, and will also be open Monday, January 3rd.

Thanks for checking in with the Community for help! Feel free to drop in any time you have a question.

stephanie39 · ‎December 17, 2021

Thank you!

MonicaM3 · ‎December 17, 2021

Absolutely my pleasure to help anytime @stephanie39!

tg21 · ‎December 22, 2021

Ran a payroll dated Friday, December 31 but the confirmation email indicated funds would be withdrawn from the employer account on December 30 and deposited into employee accounts on Monday, January 3. I cannot find anything regarding this timing and it goes against the discussion here. Thoughts?

Archie_B · ‎December 22, 2021

Hi there, stephanie39.

Let me share what I know about lead times in QuickBooks Desktop Payroll.

QuickBooks follows a specific lead time for direct deposits. If you have a 1-day lead time, you'll need to submit your payroll before 5:00 PM PST 1 business day prior to payday. If you have a 2-day lead time, you'll need to submit payroll by 5:00 PM PST 2 business days prior to payday.

It's possible that you've missed the cutoff time, that's why the processing and funding time was moved.

Additionally, weekends and federal holidays can also affect direct deposits since these are considered non-banking days.

You can check these articles for more information:

I wanna make sure I got you covered. Please click the Reply button for other questions about payroll. Have a nice day!

bamabecky · ‎December 28, 2021

same discussion we've been having on this thread https://quickbooks.intuit.com/learn-support/en-us/employees-and-payroll/re-december-31-2021-payroll-... conflicting answers abound. no REASON checks shouldn't deposit on the 31st but also no absolute proof that they will. craziness...& SUPER disappointing.

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New Years bank holiday 2022