How Holidays Impact Payroll Processing Timelines

Banking holidays affect payroll because direct deposits are not processed on federal banking holidays. If a banking holiday coincides with your regular payroll processing or pay dates, adjustments to payroll timelines are necessary.


Key Impacts:

    • Holiday-Adjusted Deadlines: If the standard approval deadline falls on a holiday or if a holiday occurs between the deadline and payday, the approval deadline moves one day earlier.

    • Notifications: Payroll Customers are notified via email and in-app messaging during holiday weeks about updated processing timelines.


Where to Find Notifications

In-App Messaging: 

  1. From the 7shifts web app, navigate to the Payroll Dashboard.
  2. Your updated processing window will be highlighted.

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Email Notifications: 

  • Customers will receive email alerts detailing any changes to approval deadlines and payroll timelines for holiday weeks.

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Holiday Payroll Processing Guidelines

3-Day Payroll

  • Approval Deadline: Always three banking days prior to payday by 12:00 PM PST / 3:00 PM EST, including holiday weeks.
  • If the approval deadline falls on a holiday or if a holiday occurs between the deadline and payday, the approval deadline moves one day earlier.

2-Day Payroll

  • Approval Deadline: Always two banking days prior to payday by 5:00 PM PST / 8:00 PM EST, including holiday weeks.
  • If the approval deadline falls on a holiday or if a holiday occurs between the deadline and payday, the approval deadline moves one day earlier.

Example: Adjusted Deadlines

If payday is Friday, December 27, 2024

(Wednesday, December 25, is a holiday, requiring the deadlines to be adjusted.)

  • 2-Day Payroll Deadline: Tuesday, December 24, 2024.
  • 3-Day Payroll Deadline: Monday, December 23, 2024.

⚠️ Important Reminder: Following a banking holiday, direct deposits may be delayed until the end of the day due to adjusted processing timelines.


Upcoming Banking Holidays 

Below is a table of federal banking holidays for the upcoming years that may impact your payroll processing timelines:

Federal Holiday

          2024

          2025

          2026

          2027

          2028

New Year's Day

January 1 January 1 January 1 January 1 January 1

Martin Luther King Jr. Day

January 15 January 20 January 19 January 18 January 17

President's Day

February 19 February 17 February 16 February 15 February 21

Memorial Day

May 27 May 26 May 25 May 31 May 29

Juneteenth

June 19 June 19 June 19 June 19 June 19

Independence Day

July 4 July 4 July 4 July 4 July 4

Labor Day

September 2 September 1 September 7 September 6 September 4

Columbus Day

October 14 October 13 October 12 October 11 October 9

Veterans Day

November 11 November 11 November 11 November 11 November 11

Thanksgiving Day

November 28 November 27 November 26 November 25 November 23

Christmas Day

December 25 December 25 December 25 December 25 December 25

 

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