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Christmas & New Year's day holiday payroll schedule

12/3/20

Author: ADP Admin/Wednesday, December 2, 2020/Categories: Bulletin News

ADP Resource would like to remind you that Christmas Day, Friday, Dec, 25, 2020 & New Year’s Day, Jan, 1, 2021 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, 2020 or January 1st, 2021.

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 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 up to 48 hours in advance:

Thursday

12/24/2020

Monday

12/21/2020

Tuesday

12/22/2020

Wednesday

12/23/2020

Christmas Day

Friday

12/25/2020

Move Pay Date to Thursday, 12/24/20 or Monday, 12/28/20
then follow Thursday or Monday Pay Date processing information listed here

Monday

12/28/2020

Tuesday

12/22/2020

Wednesday

12/23/2020

Thursday

12/24/2020

Tuesday

12/29/2020

Wednesday

12/23/2020

Thursday

12/24/2020

Monday

12/28/2020

 

Note: Electronic transactions received with a pay date of 12/25/20 may not be deposited until 12/26/20, depending upon the individual’s depository institution.

 

New Year’s Day Holiday Payroll Processing Schedule

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 up to 48 hours in advance:

Thursday

12/31/2020

Monday

12/28/2020

Tuesday

12/29/2020

Wednesday

12/30/2020

New Year’s Day

Friday

01/01/2021

Move Pay Dateto Thursday, 12/31/20 or Monday, 01/04/21
then follow Thursday or Monday Pay Date processing information listed here

Monday

01/04/2021

Tuesday

12/29/2020

Wednesday

12/30/2020

Thursday

12/31/2020

Tuesday

01/05/2021

Wednesday

12/30/2020

Thursday

12/31/2020

Monday

01/04/2021

 

Note: Electronic transactions received with a pay date of 01/01/2021 may not be deposited until 01/02/2021, 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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Tags: 12/3/20

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