Remember bank holidays when running payroll
Monday, February 17, 2025, is Presidents' Day (a federal banking holiday). This means you may need to run payroll one or two business days early to avoid paying employees late, especially if their payday is on the holiday.
Check dates scheduled for Monday, February 17, should be adjusted to Friday, February 14, and submitted by Wednesday, February 12, to avoid paying employees late*.
If your payday falls on Tuesday, February 18, 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 February 10 (see payroll schedules below).
What we'll cover
- Payroll submission deadlines for a 2-day turnaround
- Payroll submission deadlines for a 4-day turnaround
- How to adjust the check date
Payroll submission deadlines for a 2-day turnaround
Pay Date | Submit Date* | Employer Draft Date | Employee Credit Date |
Friday 2/14 | Wednesday 2/12* | Thursday 2/13 | Friday 2/14 |
Monday 2/17 | Wednesday 2/12* | Thursday 2/13 | Friday 2/14 |
Tuesday 2/18 | Thursday 2/13* | Friday 2/14 | Tuesday 2/18 |
Wednesday 2/19 | Monday 2/17** | Tuesday 2/18 | Wednesday 2/19 |
*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, without affecting the payroll turnaround time. 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
Pay Date | Submit Date* | Employer Draft Date | Employee Credit Date |
Friday 2/14 | Monday 2/10* | Tuesday 2/11 | Friday 2/14 |
Monday 2/17 | Monday 2/10* | Tuesday 2/11 | Friday 2/14 |
Tuesday 2/18 | Tuesday 2/11* | Wednesday 2/12 | Tuesday 2/18 |
Wednesday 2/19 | Wednesday 2/12* | Thursday 2/13 | Wednesday 2/19 |
Thursday 2/20 | Thursday 2/13* | Friday 2/14 | Thursday 2/20 |
Friday 2/21 | Monday 2/17** | Thursday 2/20 | Friday 2/21 |
*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, without affecting the payroll turnaround time. 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 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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