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