The below article erroneously states that Friday, July 3rd, is a bank holiday. It is not a bank holiday and payrolls can be processed with this check date.
The Federal Reserve System will be closed on Friday, July 3, 2020 in observance of Independence Day.
If your regularly scheduled pay date occurs on Monday, July 6, payroll must be posted no later than 3 p.m. CT on Wednesday, July 1 to meet the required funding deadline for employee direct deposit payments. Please note that Insperity offices will also be closed on July 3.
Insperity is here to help. If you have any questions, please contact your Insperity payroll specialist. We look forward to working with you prior to this banking holiday closure to meet your immediate payroll processing needs.