Martin Luther King Day January 16, 2017 Holiday Processing Reminder

Martin Luther King Day, Monday, January 16, 2017, is a bank holiday, and the Federal Reserve will be closed.  Please see the following Martin Luther King Day Banking Guidelines for Payrolls with Pay Dates on or around January 16, 2017.

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 the check date.

Note: Electronic transactions received with a pay date of January 16, 2017, may not be deposited until January 17, 2017, depending upon the individual’s depository institution.