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.

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