banking-holiday

Early payroll deadline for Presidents Day banking holiday

The Federal Reserve System will be closed on Monday, Feb. 19, 2024, in observance of Presidents Day.

You will need to consider banking holidays when processing payrolls to allow enough time for payroll funding and employee direct deposits to be received and posted by the check date.  Payrolls must be submitted by 3 p.m. CT, at least two banking days in advance of the check date. 

For a listing of all federal and Insperity-observed holidays for 2024, see Federal Reserve and Insperity holiday schedule in the Insperity® Help Center.

Early payroll deadlines for Christmas and New Year’s holiday closures

The Federal Reserve System and Insperity offices will be closed on Monday, Dec. 25, 2023, in observance of Christmas Day and Monday, Jan. 1, 2024, in observance of New Year’s Day.

You will need to consider these banking holidays when processing payrolls around this time.  Payrolls must be submitted by 3 p.m. CT at least two banking days in advance of the check date.  This is to allow enough time for payroll funding and employee direct deposits to be received and posted by the check date.

For a listing of all federal and Insperity-observed holidays for the remainder of 2023 and for 2024, see Federal Reserve and Insperity holiday schedule in the Insperity® Help Center.

Early payroll deadlines for the Thanksgiving holiday

The Federal Reserve System and Insperity offices will be closed on Thursday, Nov. 23, 2023, in observance of Thanksgiving Day. Insperity offices will also be closed on Friday, Nov. 24, 2023.

If your regularly scheduled pay date occurs on Friday, Nov. 24, payroll must be posted no later than 3 p.m. CT on Tuesday, Nov. 21 to meet the required funding deadline for employee direct deposit payments.

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 to meet your immediate payroll processing needs.

For a listing of all federal and Insperity-observed holidays for the remainder of 2023 and for 2024, see Federal Reserve and Insperity holiday schedule in the Insperity® Help Center.

Banks are not closed on Friday due to Veterans Day 2023

Our original newsletter and article incorrectly stated that there was a bank closure holiday on Nov, 10, 2023 due to Veterans Day, which is Nov 11, 2023.

The Federal Reserve Bank will not be closed on the preceding Friday, Nov. 10, 2023.

We apologize for the error.

Early payroll deadline for Presidents Day banking holiday

The Federal Reserve System will be closed Monday, Feb. 20, 2023, in observance of Presidents Day.

If your regularly scheduled pay date occurs on Tuesday, Feb. 21, payroll must be posted no later than 3 p.m. CT on Thursday, Feb. 16, to meet the required funding deadline for employee direct deposit payments.

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.

For a list of bank and Insperity holidays, visit the Insperity® Help Center 2023 Federal Reserve and Insperity holiday schedule.

Early payroll deadlines for Christmas and New Year’s holiday closures

The Federal Reserve System and Insperity offices will be closed on Monday, Dec. 26, 2022, in observance of Christmas Day and Monday, Jan. 2, 2023, in observance of New Year’s Day.

You will need to consider these banking holidays when processing payrolls around this time. Payrolls must be submitted by 3 p.m. CT at least two banking days in advance of the check date. This is to allow enough time for payroll funding and employee direct deposits to be received and posted by the check date.

For a listing of all federal and Insperity-observed holidays for the remainder of 2022 and 2023, see 2023 Federal Reserve and Insperity holiday schedule in the Insperity Help Center.

Early payroll deadlines for the Thanksgiving holiday

The Federal Reserve System and Insperity offices will be closed on Thursday, Nov. 24, 2022 in observance of Thanksgiving Day. Insperity offices will also be closed on Friday, Nov 25, 2022.

If your regularly scheduled pay date occurs on Friday, Nov. 25, payroll must be posted no later than 3 p.m. CT on Tuesday, Nov. 22 to meet the required funding deadline for employee direct deposit payments.

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 to meet your immediate payroll processing needs. For a listing of all federal and Insperity-observed holidays for the remainder of 2022 and for 2023, see 2023 Federal Reserve and Insperity holiday schedule in the Insperity Help Center.

Veterans Day banking holiday

The Federal Reserve System will be closed Friday, Nov. 11, 2022, in observance of Veterans Day.

You will need to consider this bank holiday when processing payrolls around this time. Payrolls need to be submitted by 3 p.m. CT at least two banking days in advance of the check date. This will allow enough time for payroll funding and employee direct deposits to be received and posted by the check date.

For a list of bank and Insperity holidays, visit the 2022 Federal Reserve and Insperity holiday schedule.

Insperity is here to help. If you have any questions, please contact your Insperity payroll specialist prior to these holidays. We look forward to working with you ahead of this banking holiday closure to meet your immediate payroll processing needs.