How do federal holidays affect my direct deposit?
by Intuit•557• Updated 1 month ago
Learn how to make sure your employees get paid on time when there’s a holiday.
Holidays can affect your paydays and when you need to send your payroll. Weekends and federal holidays are non-banking days. Additionally, banks often close on state holidays. You’ll want to double-check with your bank for any state holidays they observe.
Step 1: Check the federal holiday schedule
Here are the federal holidays. Check the dates for the observed holidays.
- New Year's Day
- Birthday of Martin Luther King, Jr.
- Washington's Birthday / Presidents' Day
- Memorial Day
- Juneteenth National Independence Day
- Independence Day
- Labor Day
- Columbus Day / Indigenous Peoples' Day
- Veteran's Day
- Thanksgiving Day
- Christmas Day
Step 2: Determine when to send or approve payroll
Choose your payroll product to learn more how holidays affect your send times.
Note: Make sure to allow for your specific lead time for your payroll service.
Note: Not sure which payroll service you have? Here's how to find your payroll service. |
What happens if I send payroll after the cutoff time?
If you've missed the cutoff time, your direct deposit will process the next banking day. This means your employees will get paid a day later. If you would like to pay them on time, you have the option to issue a paper check instead.
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