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 submission deadline, pay date and reminder messages will be automatically adjusted to account for these holidays. 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 16, 2023 would do to your submission deadline:
4-day processing:
NOTE: If you are on 4-day processing, your employees will receive their direct deposits in the afternoon instead of the morning when a banking holiday falls between your submission deadline and your scheduled pay day.
- If your scheduled pay date is Monday the 16th, your pay date will adjust to Friday the 13th and your submission deadline will be Tuesday the 10th.
- If your scheduled pay date is Tuesday the 17th, your pay date will not change and your submission deadline will be Wednesday the 11th.
- If your scheduled pay date is Wednesday the 18th, your pay date will not change and your submissions deadline will be Thursday the 12th.
- If your scheduled pay date is Thursday the 19th, your pay date will not change and your submission deadline will be Friday the 13th.
- If your scheduled pay date is Friday the 20th, your pay date will not change and your submission deadline will be Tuesday the 17th.
2-day processing:
NOTE: If you are on 2-day processing, your submission deadline will be moved one day earlier if a banking holiday falls between your normal submission deadline and your scheduled pay date.
- If your scheduled pay date is Monday the 16th, your pay date will adjust to Friday the 13th and your submission deadline will be Wednesday the 11th.
- If your scheduled pay date is Tuesday the 17th, your pay date will not change and your submission deadline will be Thursday the 12th.
- If your scheduled pay date is Wednesday the 18th, your pay date will not change and your submissions deadline will be Friday the 13th.
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 banking date.
Federal Bank Holidays
| Holiday | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| New Year's Day | January 2** | January 1 | January 1 | January 1 |
| Martin Luther King Jr. Day | January 16 | January 15 | January 20 | January 19 |
| Washington's Birthday (Presidents Day) | February 20 | February 19 | February 17 | February 16 |
| Memorial Day | May 29 | May 27 | May 26 | May 25 |
| Juneteenth National Independence Day | June 19 | June 19 | June 19 | June 19 |
| Independence Day | July 4 | July 4 | July 4 | July 4* |
| Labor Day | September 4 | September 2 | September 1 | September 7 |
| Columbus Day | October 9 | October 14 | October 13 | October 12 |
| Veterans Day | November 11* | November 11 | November 11 | November 11 |
| Thanksgiving Day | November 23 | November 28 | November 27 | November 26 |
| Christmas Day | 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. |
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