Christmas & New Year’s Payroll Processing during the Holidays
12/01/18
Author: ADP Admin/Tuesday, October 30, 2018/Categories: Bulletin News
ADP Resource would like to remind you that Christmas Day, Tuesday December 25, 2018 as well as New Year’s Day, Tuesday January 1, 2019 are bank holidays. Both the Federal Reserve and ADP offices 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, 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.
Christmas Day 2018:
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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:
|
ACH Clients – ADP Will Debit Your Account:
|
|
Monday
12/24/18
|
Wednesday
12/19/18
|
Thursday
12/20/18
|
Friday
12/21/18
|
|
ChristmasDay
Tuesday 12/25/18
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Move Pay Date to Monday, 12/24/18or Wednesday, 12/26/18
Follow Wednesday or Thursday Pay Date processing information listed here
|
|
Wednesday
12/26/18
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Thursday
12/20/18
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Friday
12/21/18
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Monday
12/24/18
|
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Thursday
12/27/18
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Friday
12/21/18
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Monday
12/24/18
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Wednesday
12/26/18
|
New Years Day 2019:
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If current
Pay Date is:
|
Your Payroll must be Accepted by Cutoff on:
|
Wire Clients and Over Threshold Clients -
Funding Due Date:
|
ACH Clients – ADP Will Debit Your Account:
|
|
Monday
12/31/18
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Wednesday
12/26/18
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Thursday
12/27/18
|
Friday
12/28/18
|
|
New Year’s Day
Tuesday01/01/19
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Move Pay Date to Monday, 12/31/18or Wednesday, 01/02/19
Follow Wednesdayor Thursday Pay Date processing information listed here
|
|
Wednesday
01/02/19
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Thursday
12/27/18
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Friday
12/28/18
|
Monday
12/31/18
|
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Thursday
01/03/19
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Friday
12/28/18
|
Monday
12/31/18
|
Wednesday
01/02/19
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Note: Electronic transactions received with a pay date of 12/25/2018 may not be deposited until 12/26/2018, and pay date of 01/01/2019 may not be deposited until 01/02/2019 depending upon the individual’s depository institution.
Also note: any paydates scheduled for Tuesday 01/01/2019 that are moved to Monday 12/31/2018 will have these wages and taxes reported to the 2018 calendar/tax year and not the 2019 W-2 reporting year. Please take into consideration when scheduling your payroll processing during this time.
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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