Independence Day 2018 – Bank Holiday
07/01/18
Author: ADP Admin/Friday, June 29, 2018/Categories: Bulletin News
ADP Resource would like to remind you that Independence Day, Wednesday July 4, 2018 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, 2018.
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 that 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) two days prior to check date.
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If current
Pay Date is:
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Your Payroll must be Accepted by Cutoff on:
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Wire Clients and Over Threshold Clients -
Funding Due Date:
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ACH Clients – ADP Will Debit Your Account:
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Monday
07/02/18
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Tuesday
06/26/18
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Wednesday
06/27/18
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Thursday
06/28/18
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Tuesday
07/03/18
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Wednesday
06/27/18
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Thursday
06/28/18
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Friday
06/29/18
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IndependenceDay
07/04/18
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Move Pay Date toTuesday, 07/03/18orThursday, 07/05/18
then follow Friday or Tuesday Pay Date processing information listed here
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Thursday
07/05/18
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Friday
06/29/18
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Monday
07/02/18
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Tuesday
07/03/18
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Friday
07/06/18
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Monday
07/02/18
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Tuesday
07/03/18
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Thursday
07/05/18
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Note: Electronic transactions received with a pay date of 07/04/18 may not be deposited until 07/05/18, 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.
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