New Year's Day (Friday - Jan 1, 2021)

Remember to run payroll early!

Friday, January 1, 2021, is New Year's Day (a federal banking holiday). Depending on your payroll schedule, that may mean you need to run payroll one or two business days early to get everyone paid on time. We've included schedules for different turnaround times below. If you have any questions at all, feel free to contact us at 877-328-6505 or hello@onpay.com.

Holiday payroll schedules

Choose a turnaround time listed below. Pay dates that will be affected by this holiday are listed in the "Pay Date" column. The "Submit Date" is the pay run deadline for this pay period. This date will not be affected by the holiday. "Employer Draft Date" is when the funds will be debited from your account. The "Employee Credit Date" is when employees will see the funds in their account. If the pay date falls on the holiday, then the employee credit date is always the day before. Learn more about how turnaround time is determined.

2-Day Turnaround

4-Day Turnaround

5-Day Turnaround

Please keep in mind, OnPay schedules the direct deposit date based on information entered when running payroll and your turnaround time within OnPay. At the "Approve Payroll" step of the pay run, the direct deposit effective date may differ from the examples outlined above. If this occurs or if you have any questions about processing your payroll around this holiday, please contact us at 877-328-6505 or hello@onpay.com.

v6.1 21