2019 Banking Holidays and Your Payroll

November 19, 2018|

As you are planning for 2019, take note of the federal banking holidays. Depending on where they fall in the year, they may have an impact on your payroll processing schedule. Mark your calendar, set electronic reminders, and you’ll be well prepared for 2019 and ensuring your employees receive their paychecks on time throughout the year.

The Board of Governors of the Federal Reserve System sets the federal banking holidays listed below. The payroll processing and check dates below are based on the following assumptions:

  • Your regularly scheduled check date falls on the holiday (or the day after in the case of Thanksgiving)
  • You would like to pay your employees the previous business day
  • You have a two-day processing timeline

If you find that you have a 2019 check date that falls one or two days after a banking holiday, it is likely that your processing day will need to be moved up.

Visit the Federal Reserve Holidays Observed site to see a list of banking holidays through 2022. Download and print our 2019 payroll calendar and customize it with your processing days and check dates.

HolidayDateProcess PayrollCheck Date
New Year’s Day 2019Tuesday, January 1, 2019December 27, 2018December 31, 2018
Birthday of Martin Luther King, Jr.Monday, January 21, 2019January 16, 2019January 18, 2019
Washington’s BirthdayMonday, February 18, 2019February 13, 2019February 15, 2019
Memorial DayMonday, May 27, 2019May 22, 2019May 24, 2019
Independence DayThursday, July 4, 2019July 1, 2019July 3, 2019
Labor DayMonday, September 2, 2019August 28, 2019August 30, 2019
Columbus DayMonday, October 14, 2019October 9, 2019October 11, 2019
Veterans DayMonday, November 11, 2019November 6, 2019November 8, 2019
Thanksgiving DayThursday, November 28, 2019November 25, 2019November 27, 2019
The day after Thanksgiving is not a banking holiday but is likely a check date for many employers.November 26, 2019November 29, 2019
Christmas DayWednesday, December 25, 2019December 20, 2019December 24, 2019
New Year’s Day 2020Wednesday, January 1, 2020December 27, 2019December 31, 2019