Payrolls and direct deposits do not process on Federal Bank Holidays. If a bank holiday falls on the day you typically run payroll, pay employees, or anytime in between, you must run your payroll on a different schedule. This means the payroll timeline for check dates that fall on the week before and/or the week after a banking holiday will be adjusted. Your reminder messages will be automatically adjusted to the new dates. This potential impact will differ depending on the processing timeline set up for your business through Homebase Payroll. The examples below illustrate the impact the MLK holiday on January 17, 2022 would do to your submission deadline:
4-day processing:
- Companies on a 4-day processing timeline for Monday the 17th will need to adjust their pay date to Friday the 14th and can still run payroll on Tuesday the 11th.
- NOTE: Companies on a 4-day processing timeline for Friday the 14th will have until Tuesday the 11th to run payroll instead of Monday the 10th.
- Companies on a 4-day processing timeline for Tuesday the 18th will need to run payroll on Wednesday the 12th.
- Companies on a 4-day processing timeline for Wednesday the 19th can still run payroll on Thursday the 13th.
- Companies on a 4-day processing timeline for Thursday the 20th can still run payroll on Friday the 14th.
- Companies on a 4-day processing timeline for Friday the 21st will need to run payroll on Tuesday the 18th.
2-day processing:
- Companies on a 2-day processing timeline for Monday the 17th will need to adjust their pay date to Friday the 14th and will need to be run by Wednesday the 12th.
- NOTE: Both the pay date and processing date are moved a business day earlier.
- Companies on a 2-day processing timeline for Tuesday the 18th will need to approve on Thursday the 13th.
- NOTE: This is a day earlier than normal processing.
- Companies on a 2-day processing timeline for Wednesday the 19th will need to approve on Friday the 14th.
- NOTE: This is a day earlier than normal processing.
If you miss this approval window, you can run a late payroll and choose to keep the same payday but pay team members manually with a paper check, or pay through direct deposit and update the payday to the next available date.
Federal Bank Holidays
| Holiday | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| New Year's Day | January 1* | January 1** | January 1 | January 1 | January 1 |
| Martin Luther King Jr. Day | January 17 | January 16 | January 15 | January 20 | January 19 |
| Washington's Birthday (Presidents Day) | February 21 | February 20 | February 19 | February 17 | February 16 |
| Memorial Day | May 30 | May 29 | May 27 | May 26 | May 25 |
| Juneteenth National Independence Day | June 19** | June 19 | June 19 | June 19 | June 19 |
| Independence Day | July 4 | July 4 | July 4 | July 4 | July 4* |
| Labor Day | September 5 | September 4 | September 2 | September 1 | September 7 |
| Columbus Day | October 10 | October 9 | October 14 | October 13 | October 12 |
| Veterans Day | November 11 | November 11* | November 11 | November 11 | November 11 |
| Thanksgiving Day | November 24 | November 23 | November 28 | November 27 | November 26 |
| Christmas Day | December 25** | December 25 | December 25 | December 25 | December 25 |
| *For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday. **For holidays falling on Sunday, Federal Reserve Banks and Branches will be closed the following Monday — June 20, 2022, December 26, 2022, and January 2, 2023. |
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