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Intuit
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How will Federal banking holidays affect my direct deposit processing?

Payday on a federal banking holiday

  • If no changes are made to your payroll, direct deposit paychecks will be posted on the first business day after a federal holiday.
  • If you want to pay employees before the holiday, adjust the paycheck date. You also need to adjust your submission date to allow for the two business days needed to process payroll and direct deposits (Holidays are not considered business days). If your date change includes the leap year day, February 29, verify if your computer/operating/calendar system recognizes the date.
  • If a payday falls within two banking days of a holiday, payroll must be submitted one day earlier than usual. For example, Labor Day holiday falls on a Monday. You must submit payroll on Wednesday, August 28th for a payday of Friday, August 30th.
  • Direct deposit dated on a federal holiday acts in the same manner as a weekend date.

Payroll Transmissions due dates

  • QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted: Before 5:00 PM PT 2 days prior to check date provided check date is a business day. Federal banking holidays are not considered business days.
  • Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service : Before 5:00 PM PT 2 days prior to check date, provided check date is a business day. Federal banking holidays are not considered business days.
  • QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core: Before 5:00 PM PT 1 business day prior to check date, provided check date is a business day. Federal banking holidays are not considered business days.
  • QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite: Before 7:00 AM PT on check date provided provided check date is a business day. Federal banking holidays are not considered business days.

NOTE: Direct Deposits are also affected by Federal Holidays. These dates are included in the last columns of each table below.

 

External Links

Federal Holidays

Select the Federal Reserve Holiday listed below to see how the holiday affects your payroll processing schedule, payroll tax payments, and direct deposit. Also included are tips on how you can stay compliant with the Fair Labor Standards Act.

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 10/14/19, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 10/11/19.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Wednesday, 10/9/19.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Wednesday, 10/9/19.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Thursday, 10/10/19.
    4. QuickBooks Online Payroll Full Service,  QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite- before 7:00 AM PT on Friday 10/11/19.

If your paycheck date is immediately before or after Columbus Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday, 10/11 Wednesday, 10/9 Thursday, 10/10 Friday, 10/11
Monday, 10/14 See message above
Tuesday, 10/15 Thursday, 10/10 Friday, 10/11 Tuesday, 10/15
Wednesday, 10/16 Friday, 10/11 Tuesday, 10/15 Wednesday, 10/16
Thursday, 10/17 Tuesday, 10/15 Wednesday, 10/16 Thursday, 10/17

*Accounts are typically debited before regular banking hours, so you should make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

 

To allow for the Veterans Day holiday, you might need to send payroll a day earlier than usual. Doing so will help you to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 11/11/19, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 11/8/19.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Wednesday, 11/6/19.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Wednesday, 11/6/19.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Thursday, 11/7/19.
    4. QuickBooks Online Payroll Full Service,  QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite - before 7:00 AM PM PT on Friday,  11/08/19.

If your paycheck date is immediately before or after Veterans Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday, 11/8 Wednesday, 11/6 Thursday, 11/7 Friday,11/8
Monday, 11/11 See message above
Tuesday, 11/12 Thursday, 11/7 Friday, 11/8 Tuesday, 11/12
Wednesday, 11/13 Friday,11/8 Tuesday, 11/12 Wednesday, 11/13

* Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

 

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 11/28/19, you should:

  1. Change your paycheck date for your direct deposit employees to Wednesday, 11/27/19.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll  Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Monday, 11/25/19.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Monday, 11/25/19.
    3.  QuickBooks Online Payroll Enhanced and QuickBooks Online Payoll Core - before 5:00 PM PT on Tuesday, 11/26/19.
    4. QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Core, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite:- before 7:00 AM PT on Wednesday, 11/27/2019.

If your paycheck date is immediately before or after Thanksgiving Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Wednesday, 11/27 Monday, 11/25 Tuesday, 11/26 Wednesday, 11/27
Thursday, 11/28 See message above
Friday,  11/29 Tuesday, 11/26 Wednesday 11/27 Friday, 11/29
Monday, 12/2 Wednesday, 11/27 Friday, 11/28 Monday, 12/2

*Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

To allow for the Christmas holiday, you might need to send payroll a day earlier than usual. Doing so will help you to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 12/25/2019, you should:

  1. Change your paycheck date for your direct deposit employees to Tuesday, 12/24/19
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Friday, 12/20/19.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Friday, 12/20/19.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Friday, 12/23/19.
    4. QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite: - before 7:00 AM PT on Friday, 12/24/19.

If your paycheck date is before or after Christmas Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Monday, 12/23 Thursday, 12/19 Friday, 12/20 Monday, 12/23
Tuesday, 12/24 Friday, 12/20 Monday, 12/23 Tuesday, 12/24
Wednesday, 12/25 See message above
Thursday, 12/26 Monday, 12/23 Tuesday, 12/24 Thursday, 12/26
Friday, 12/27 Tuesday, 12/24 Thursday, 12/26 Friday, 12/27

* Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

 

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 1/1/2020, you should:

  1. Change your paycheck date for your direct deposit employees to Tuesday, 12/31/19.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Friday, 12/27/19.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Friday, 12/27/19.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Monday, 12/30/19.
    4. QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite - before 7:00 AM PT on Tuesday, 12/31/2019.

If your paycheck date is before or after New Year's Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday, 12/27 Tuesday, 12/24 Thursday, 12/26 Friday, 12/27
Monday, 12/30 Thursday, 12/26 Friday, 12/27 Monday, 12/30
Tuesday, 12/31 Friday, 12/27 Monday, 12/30 Tuesday, 12/31
Wednesday, 1/1 See message above
Thursday, 1/2 Monday, 12/30 Tuesday, 12/31 Thursday, 1/2
Friday, 1/3 Tuesday, 12/31 Thursday, 1/2 Friday, 1/3
Monday, 1/6 Thursday, 1/2 Friday, 1/3 Monday 1/6

* Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

 

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 1/20/20, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 1/17/20.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Wednesday, 1/15/20.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Wednesday, 1/15/20.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Thursday, 1/16/20.
    4. QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite - before 7:00 AM PT on Friday, 1/17/20.

If your paycheck date is immediately before or after Martin Luther King, Jr. Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday, 1/17 Wednesday, 1/15 Thursday, 1/16 Friday, 1/17
Monday, 1/20 See message above
Tuesday, 1/21 Thursday, 1/16 Friday,1/17 Tuesday, 1/21
Wednesday, 1/22 Friday,1/17 Tuesday, 1/21 Wednesday, 1/22
Thursday, 1/23 Tuesday, 1/21 Wednesday, 1/22 Thursday, 1/23

*Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

 

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 2/17/20, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 2/14/20.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Wednesday, 2/12/20.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Wednesday, 2/12/20.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Thursday, 2/13/20.
    4.  QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite - before 7:00 AM PT on Friday, 2/14/20.

If your paycheck date is immediately before or after President's Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday, 2/14 Wednesday, 2/12 Thursday, 2/13 Friday, 2/14
Monday, 2/27 See message above
Tuesday, 2/18 Thursday, 2/13 Friday,2/14 Tuesday, 2/18
Wednesday, 2/19 Friday,2/14 Tuesday, 2/18 Wednesday, 2/19
Thursday, 2/20 Tuesday, 2/18 Wednesday, 2/19 Thursday, 2/20

*Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

 

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 5/25/20, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 5/22/20.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Online Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Wednesday, 5/20/20.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Wednesday, 5/20/20.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core- before 5:00 PM PT on Thursday, 5/21/20.
    4. QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite - before 7:00 AM PT on Friday, 5/22/20.

If your paycheck date is before or after Memorial Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday, 5/22 Wednesday, 5/20 Thursday, 5/21 Friday, 5/22
Monday, 5/25 See message above
Tuesday, 5/26 Thursday, 5/21 Friday,5/22 Tuesday, 5/26
Wednesday, 5/27 Friday,5/22 Tuesday, 5/26 Wednesday, 5/27
Thursday, 5/28 Tuesday, 5/26 Wednesday, 5/27 Thursday, 5/28

* Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

Because the Federal Reserve recognizes Saturday, 7/4/20 as the holiday, there is no impact on your payroll processing.

You need to send payroll a day earlier than usual to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 9/7/20, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 9/4/20.
  2. Send your payroll:
    1. QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted - before 5:00 PM PT on Wednesday, 9/2/20.
    2. Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service - before 5:00 PM PT on Wednesday, 9/2/20.
    3. QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core - before 5:00 PM PT on Thursday, 9/3/20.
    4. QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Elite - before 7:00 AM PT on Friday 9/4/20.

If your paycheck date is immediately before or after Labor Day, consult the table that follows to find out when to send your payroll and when your account will be debited. The table below is based on a 2-day lead time processing.

If you date your paychecks for... Send payroll by... Your account will be debited on*... Employees get paid on (Direct Deposit only)...
Friday,9/4 Wednesday, 9/2 Thursday, 9/3 Friday,9/4
Monday,9/7 See message above
Tuesday, 9/8 Thursday, 9/3 Friday, 9/4 Tuesday, 9/8
Wednesday, 9/9 Friday,9/4 Tuesday, 9/8 Wednesday, 9/9

*Accounts are debited before regular banking hours, so make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

FAQ

Weekends and holidays are non banking days. This means that if you create and approve payroll on these days, the direct deposit processing will start on the next banking day. The posting date depends on the direct deposit processing time of the payroll service you have:

  • QuickBooks Online Payroll Enhanced and QuickBooks Online Payroll Core: 1 business day
  • QuickBooks Online Payroll Full Service, QuickBooks Online Payroll Premium and QuickBooks Online Payroll Premium: Same day
  • Intuit Online Payroll Enhanced and Intuit Online Payroll Full Service: 2 business days
  • QuickBooks Desktop Payroll Basic, QuickBooks Desktop Payroll Enhanced and QuickBooks Desktop Payroll Assisted: 2 business days

If the pay date happens to be a holiday or weekend, refer to the Payroll Transmission due dates at the top in submitting the payroll. The direct deposit paychecks can post before or after the weekend or holiday.

Use a pay date of when the funds will actually post. Not only does this help clear up confusion, but should be done due to the law of constructive receipt.

 

If you've missed the cutoff time, your direct deposit will process the next business day. As a result, your employees and contractors will be paid a day later.

To ensure they get paid on time, you can also issue a paper check to your employees or contractors.

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