Columbus Day - we normally send payroll on WED for direct deposit on FRI. Do we HAVE to submit on THUR 10/5 as mentioned in Columbus Day notice?

I'm here to promptly address your payroll inquiry, dgrado.

Columbus Day is a federal holiday and one of the non-banking days. This means that you will need to submit payroll a day earlier if your payday is on Columbus day or within the processing timeline to make sure your payroll is deposited on time. 

For further details on this matter, please refer to the following articles:

• How Do Federal Holidays Affect My Direct Deposit?
• When To Send Your Direct Deposit Payroll

Should you require more resources concerning payroll management, I'm sharing these articles as well:

• Handle A Direct Deposit Paycheck That Was Not Received By An Employee
• Get Help If You’re Over A Direct Deposit Limit

Remember, if you have any more questions or need assistance, feel free to seek guidance in the forum. We're here to assist you.

Not sure what notice you got.

Columbus Day is on Monday Nov 9 this year. So, unless your payday is Tuesday or Wednesday after that, you're not really impacted.

Generally, the rule is that 1) employees must have their money by payday, and 2) you need to send dd orders two banking days before payday - by 5pm pacific time - for the employee to get it.

So, if your payday is on Monday Nov 9, then you should probably arrange for the DD's to be in your employee's bank accounts on Friday before, and so send on Wed before that, on Nov 4.

You can review the bank holidays for the next 5 years here: https://www.frbservices.org/about/holiday-schedules