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July 5, 2021
Question

Is before 5pm. Why when I want to set up a direct deposit for next day it tells me is going to be deposited until the 7th and not the 6th?

  • July 5, 2021
  • 1 reply
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1 reply

AlexV
July 5, 2021

Hi lunatransport17-!

 

Thanks for posting here. Your employees will get paid depending on your direct deposit processing time. Let me help you.

 

With a 1-day lead time, you'll need to submit your payroll before 5:00 PM PST 1 business day prior to payday. However, we also need to consider the holidays. Weekends and federal holidays are non-banking days which means no payroll will be processed. They'll be submitted and processed on the next banking day.

 

July 4th is the United States' Independence Day. However, this year 2021, that falls on a Sunday, so it'll be observed on Monday, July 5, which is today. If you run payroll today, it'll be processed on the next business day.

 

I've added some articles you can check. These will explain more on when you should submit your payroll:

 

Do you have other concerns? Comment them here and we'll respond as soon as we can.