Remember bank holidays when running payroll
Tuesday, November 11, 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 Tuesday, November 11, should be adjusted to Monday, November 10, and submitted by Thursday, November 6, to avoid paying employees late*.
If your payday falls on Wednesday, November 12, 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 November 4 (see schedules below).
Payroll submission deadlines for a 2-day turnaround
| Payday falls on | Submission deadline* | Employer draft date | Check date |
| Monday 11/10 | Thursday 11/6* | Friday 11/7 | Monday 11/10 |
| Tuesday 11/11 | Thursday 11/6* | Friday 11/7 | Monday 11/10 |
| Wednesday 11/12 | Friday 11/7* | Monday 11/10 | Wednesday 11/12 |
| Thursday 11/13 | Tuesday 11/11* | Wednesday 11/12 | Thursday 11/13 |
*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.
Payroll submission deadlines for a 4-day turnaround
If your payday falls on Tuesday, 11/11, we recommend that you change the Check date to Monday, 11/10, and submit payroll by Monday, 11/3, 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 |
| Monday 11/10 | Tuesday 11/4* | Wednesday 11/5 | Monday 11/10 |
| Tuesday 11/11 | Tuesday 11/4* | Wednesday 11/5 | Monday 11/10 |
| Wednesday 11/12 | Wednesday 11/5* | Thursday 11/6 | Wednesday 11/12 |
| Thursday 11/13 | Thursday 11/6* | Friday 11/7 | Thursday 11/13 |
| Friday 11/14 | Friday 11/7* | Monday 11/10 | Friday 11/14 |
| Monday 11/17 | Tuesday 11/11* | Wednesday 11/12 | Monday 11/17 |
*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.
Questions about your turnaround time? Learn more about how turnaround time is determined→
How to adjust the check date
You can adjust the check date when you start running payroll, by clicking the pay schedule information in the upper right.
If your payday falls on a bank holiday, change the scheduled check date to the business day before, and submit payroll by your submission deadline. This will not affect check dates of future pay runs.
Run payroll early
Refer to the schedules outlined in the tables at the beginning of this article when adjusting the check date for a holiday. Your turnaround will affect your payroll submission deadline.
OnPay schedules the direct deposit date based on information entered when running payroll and your turnaround time within OnPay. At the "Confirmation" 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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