Remember bank holidays when running payroll
Monday, October 13, is a federal banking holiday. The Federal Reserve pauses ACH payments on all federal holidays, which can delay direct deposit payments. If your payday falls on or immediately after this holiday, you may need to run payroll one business day early to avoid paying employees late. And if the payday falls on the holiday, you'll need to change the check date.
Check dates scheduled for Monday, October 13 should be adjusted to Friday, October 10, and submitted by Wednesday, October 8, to avoid paying employees late*.
If your payday falls on Tuesday, October 14, you won't need to change the check date to avoid paying employees late, but you will need to submit payroll one business day earlier*.
*Based on a 2-day turnaround. For 4-day turnaround, submit by October 6 (see payroll schedules below).
Payroll submission deadlines for a 2-day turnaround
| Payday falls on | Submission deadline* | Employer draft date | Check date |
| Friday 10/10 | Wednesday 10/8* | Thursday 10/9 | Friday 10/10 |
| Monday 10/13 | Wednesday 10/8* | Thursday 10/9 | Friday 10/10 |
| Tuesday 10/14 | Thursday 10/9* | Friday 10/10 | Tuesday 10/14 |
| Wednesday 10/15 | Monday 10/13* | Tuesday 10/14 | Wednesday 10/15 |
*OnPay’s Banking cut-off is 11:30 PM ET. Any payrolls processed after 11:30 PM ET are considered to be submitted on the next business day. Submit Date can be on the holiday, before 11:30 PM ET.
Payroll submission deadlines for a 4-day turnaround
If your payday falls on Monday, 10/13, we recommend that you change the Check Date to Friday, 10/10, and submit payroll by Monday, 10/6, to avoid paying employees late. For all other paydays, refer to the "Submission deadline" and "Employer draft date" columns to ensure payroll is submitted on-time, and funds are available.
| Payday falls on | Submission deadline* | Employer draft date | Check date |
| Friday 10/10 | Monday 10/6* | Tuesday 10/7 | Friday 10/10 |
| Monday 10/13 | Monday 10/6* | Tuesday 10/7 | Friday 10/10 |
| Tuesday 10/14 | Tuesday 10/7* | Wednesday 10/8 | Tuesday 10/14 |
| Wednesday 10/15 | Wednesday 10/8* | Thursday 10/8 | Wednesday 10/14 |
| Thursday 10/16 | Thursday 10/10* | Friday 10/11 | Thursday 10/17 |
| Friday 10/17 | Monday 10/14* | Tuesday 10/15 | Friday 10/18 |
*OnPay’s Banking cut-off is 11:30 PM ET. Submission date can be on the holiday, before 11:30 PM ET. Any payrolls processed after 11:30 PM ET are considered to be submitted on the next business day.
How to adjust the check date
You can change the Check Date in the Payroll menu, by opening the Run Payroll Options in the upper right.
The Check Date can be adjusted to Friday, 8/30, provided it is submitted by 8/28 at 11:30 pm.
Please keep in mind, OnPay schedules the effective direct deposit date based on information entered when running payroll and your turnaround time within OnPay. Depending on date payroll is submitted 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.
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