Adjust Your Payroll Schedule for These 2018 Banking Holidays

December 27, 2017|

There are eleven federal banking holidays in 2018 that may interfere with your usual payroll processing schedule for the year. Now is a fitting time to set reminders for your payroll processing days and check dates for the year.

The chart below lists the date of the holiday per the Board of Governors of the Federal Reserve System, and payroll processing and check dates according to 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 your regularly scheduled check date falls one or two days immediately following the banking holiday, your processing day will also be affected, and you will most likely need to move up your payroll processing date by an extra business day.

Visit the Federal Reserve Holidays Observed site to see a list of banking holidays through 2021. Download and print our 2018 payroll calendar and customize it with your processing days and check dates.

HolidayDateProcess PayrollCheck Date
New Year’s Day 2018Monday, January 1, 2018December 27, 2017December 29, 2017
Birthday of Martin Luther King, Jr.Monday, January 15, 2018January 10, 2018January 12, 2018
Washington’s BirthdayMonday, February 19, 2018February 14, 2018February 16, 2018
Memorial DayMonday, May 28, 2018May 23, 2018May 25, 2018
Independence DayWednesday, July 4, 2018June 29, 2018July 3, 2018
Labor DayMonday, September 3, 2018August 29, 2018August 31, 2018
Columbus DayMonday, October 8, 2018October 3, 2018October 5, 2018
Veterans DaySunday, November 11, 2018 but observed Monday November 12, 2018November 7, 2018November 9, 2018
Thanksgiving DayThursday, November 22, 2018Monday, November 19, 2018Wednesday, November 21, 2018
The day after Thanksgiving is not a banking holiday but is likely a check date for many employers.Tuesday, November 20, 2018Friday, November 23, 2018
Christmas DayTuesday, December 25, 2018December 20, 2018December 24, 2018
New Year’s Day 2019Tuesday, January 1, 2019December 27, 2018December 31, 2018

 

 

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