2020 Banking Holidays and Your Payroll

The Board of Governors of the Federal Reserve System maintains a list of federal banking holidays for the current year and the following four years. As 2020 approaches, you should take note of upcoming federal banking holidays and how they may impact your payroll processing schedule. Preparing now will help ensure your employees are paid on time throughout 2020.

If a holiday falls during your payroll processing period, you’ll want to move up the processing schedule. If your check date falls directly on a holiday, adjust your payday to the previous business day.

For more help, check out our table of holidays, payroll processing dates, and check dates. Our table is based on the following criteria:

• Your scheduled check date falls on a holiday (or the Friday after Thanksgiving)
• You would like to pay your employees the business day before
• You follow a two-day processing timeline

Visit the Federal Reserve website for future banking holiday dates.