Why is payroll withdrawn from my account two days prior to the date that is shown when I run payroll?

Hi, michael. I'm here to help.

When you run your payroll in QuickBooks Online (QBO), the fund withdrawal is scheduled to happen two banking days before the actual pay date to ensure that the funds are available for disbursement to your employees' accounts on the pay date. We also have to consider weekends and federal holidays which are non-banking days.

If you're on a 2-day lead time in Direct Deposit (DD) funding time, you'll have to submit payroll by Wednesday before 5:00 PM PT if you pay your employees on a Friday. If you pay your employees on a Wednesday, you'll have to submit payroll by Monday before 5:00 PM PT. 

For now, I recommend checking if you can change your direct deposit lead time to Same-day or Next-day direct deposit to accommodate suitable payroll process timings. Here are the steps:

1. In your QBO account, go to the Gear icon.
2. Select Payroll settings.
3. Scroll to the Direct Deposit section. You'll see your funding time above your direct deposit limits. 

Should you encounter direct deposit limit problems in QBO Payroll, let me add this article as a future reference: Get help if you’re over a direct deposit limit in QuickBooks Payroll.

We're always here in the Community to assist if you have further questions about DD process timings in the QBO Payroll. Take care.