Patriot Direct Deposit Bank Holidays

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Patriot Direct Deposit Bank Holidays

Patriot Software follows the same bank holiday schedule as the Federal Reserve.  When a bank holiday falls within a payroll week, you will need to add an extra day to your process.

  • If a holiday falls on a day other than your pay date, you will need to run payroll one day earlier than normal in order for employees to be paid on the scheduled pay date.  Standard 4-Day will need to run payroll at least 5 days before the pay date. Prefunding will need to run payroll at least 2 days before the pay date.
  • If a holiday falls on a pay date, your employees will not get paid until the following banking day.  To avoid this, you can pay your employees one day earlier. This means you will need to run payroll one day earlier.

For more details, see Direct Deposit Funding and Timing Options.

2022
2023
New Year’s Day January 1* January 1**
Martin Luther King Day January 17 January 16
Presidents Day February 21 February 20
Memorial Day May 30 May 29
Juneteenth Independence Day   June 19** June 19
Independence Day July 4 July 4
Labor Day September 5 September 4
Columbus Day October 10 October 9
Veterans Day November 11 November 11*
Thanksgiving Day November 24 November 23
Christmas Day December 25** December 25

*Holiday falls on a Saturday, Federal Reserve Banks and Branches will be open the preceding Friday with no interruption to direct deposit timing.
**Holiday falls on a Sunday, Federal Reserve Banks and Branches will be closed the following Monday.

For further reading, see our blog article What Happens If a Payday Falls on a Bank Holiday?

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