Christmas and New Year’s Day payroll schedule
12/05/19
Author: ADP Admin/Wednesday, December 4, 2019/Categories: Bulletin News
ADP Resource® would like to remind you that Christmas Day, Wednesday December 25, 2019 & New Year’s Day, January 01, 2020 is a bank holiday. The Federal Reserve will be closed as will ADP’s offices. Please see the following Christmas Day & New Year’s Day Banking Guidelines for Payrolls with Pay Dates on or around December 25th, 2019 or January 1st, 2020.
To ensure timely employee direct deposits we recommend you accept and approve your payroll 48 hours prior to pay date. Payrolls processed less than 48 hours prior to pay date could experience late funding of employee direct deposits and tax deposits, and 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 Holiday Payroll Processing Schedule
If your Pay Date
will be: |
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
12/23/19 |
Wednesday
12/18/19 |
Thursday
12/19/2019 |
Friday
12/20/2019 |
Tuesday
12/24/19 |
Thursday
12/19/19 |
Friday
12/20/2019 |
Monday
12/23/2019 |
Christmas Day
Wednesday
12/25/2019 |
Move Pay Date to Monday, 12/23/19 or Tuesday, 12/24/19
then follow
Monday or Tuesday Pay Date processing information listed here
|
Thursday
12/26/2019 |
Friday
12/20/2019 |
Monday
12/23/2019 |
Tuesday
12/24/2019 |
Note: Electronic transactions received with a pay date of 12/25/19 may not be deposited until 12/26/19, depending upon the individual’s depository institution.
New Year’s Day Holiday Payroll Processing Schedule
If your Pay Date
will be: |
Your Payroll must be Accepted by Cutoff on: |
Wire Clients and Over Threshold Clients - Funding Due Date: |
ACH Clients - ADP will debit your account: |
Tuesday
12/31/19 |
Thursday
12/26/19 |
Friday
12/27/2019 |
Monday
12/30/2019 |
New Year's Day
Wednesday
01/01/2020 |
Move Pay Date to Tuesday, 12/31/19 or Thursday, 01/02/20
then follow
Tuesday or Thursday Pay Date processing information listed here
|
Thursday
01/02/2020 |
Friday
12/27/2019 |
Monday
12/30/2019 |
Tuesday
12/31/2019 |
Friday
01/03/2020 |
Monday
12/30/2019 |
Tuesday
12/31/2019 |
Thursday
01/02/2020 |
Note: Electronic transactions received with a pay date of 01/01/2020 may not be deposited until 01/02/2020, 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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