February 20, 2017 Presidents’ Day is a Bank Holiday - Check Your Payroll Schedule

Dear ADP Resource® Client,

ADP Resource would like to remind you that Presidents’ Day, Monday, February 20, 2017 is a bank holiday. The Federal Reserve will be closed. Please see the following Presidents’ Day Banking Guidelines for Payrolls with Pay Dates on or around February 20th.

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 its 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 02/20/17 may not be deposited until 02/21/17, 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 Human Resources Business Partner.

Thank you, 

ADP Resource®