Labor Day Bank Closure

ADP Resource would like to remind you that Labor Day, Monday, September 1, 2014 is a bank holiday. The Federal Reserve will be closed.

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 and tax deposits, and a delay in the delivery of your payroll package.

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, contact your Payroll Service Representative as soon as possible.

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: Because the Federal Reserve is closed on Monday, September 1, 2014, electronic transactions received with a pay date of September 01^st, 2014 may not be deposited until Tuesday, September 02^nd 2014.

As always, if you have any questions regarding this information or additional questions, please contact your ADP Resource Payroll Service Representative.