July 4, 2016 Independence Day is a Bank Holiday - Check Your Payroll Schedule

ADP Resource would like to remind you that Independence Day, Monday July 4, 2016, is a bank holiday. The Federal Reserve will be closed as will ADP’s offices. Please see the following Independence Day Banking Guidelines for Payrolls with Pay Dates on or around July 4^th, 2016. 

 To ensure timely employee direct deposits we recommend you accept and approve your payroll 72 hours prior to pay date. Payrolls processed less than 72 hours prior to pay date could experience late funding of employee direct deposits. 

 In order to prevent a delay in the posting of the direct deposit transactions to your employees' accounts, it is very important that you review your payroll processing schedule prior to submitting your payroll. Consider your current processing date and pay date to determine if a change is necessary to account for the bank holiday. If a change is necessary, please contact your Payroll Service Representative for assistance. 

Use this chart as a guide to determine if a payroll schedule change is necessary. Please note if you are a wire client or over threshold client, you will need to check with your bank for their wire cut-off times. To ensure timely employee direct deposits, ADP must have funds by noon (local time) 2 days prior to check date.

Note: Electronic transactions received with a pay date of 07/04/16 may not be deposited until 07/05/16, depending upon the individual’s depository institution. 

 If you have any questions, concerns or would like to make a change to your payroll schedule, please contact your Payroll Service Representative or your HR Business Partner.