This is a reminder that banks are closed on Monday, February 19, 2018, to observe Presidents’ Day; Advantage offices are open. If you normally report payroll on this day, please be prepared to reschedule your appointment when you report your next payroll.
- If a February 19 check date is sent before 7:00 p.m. ET on Thursday, February 15, the employee direct deposit effective date will be Friday, February 16, 2018.
- If a February 19 check date is sent after 7:00 p.m. ET from Thursday, February 15 to Monday, February 19, the employee direct deposit effective date will be Tuesday, January 20.
This information is based on the assumption that all direct deposit files are received by Advantage before 7:00 p.m. ET on the processing day. You may still process payroll the day before the check date.
Important: Failure to adjust the processing day or time may result in employees not receiving direct deposit on the expected day.
If you or your employees have questions about when funds will post, please contact the bank, as Advantage has no control over when banks credit or debit funds to bank accounts.
If you have any questions, please contact your payroll specialist.
The Specialists at Advantage