Don't Forget to run Payroll Early!
We want to remind you that Memorial Day is a federal banking holiday. Depending on your payroll schedule, that means you may need to run payroll one or two business days early to get everyone paid on time.
We've included schedules for different turnaround times below. If you have any questions at all, feel free to contact us at 877-328-6505 or hello@onpay.com.
2-Day Turnaround
| Pay Date | Submit Date* | Employer Draft Date | Employee Credit Date |
| Friday 5/24 | Wednesday 5/22* | Thursday 5/23 | Friday 5/24 |
| Monday 5/27 | Wednesday 5/22* | Thursday 5/23 | Friday 5/24 |
| Tuesday 5/28 | Thursday 5/23* | Friday 5/24 | Tuesday 5/28 |
| Wednesday 5/29 | Friday 5/24* | Tuesday 5/28 | Wednesday 5/29 |
*OnPay’s Banking cut-off is 4 PM ET. Any payrolls processed after 4 PM ET are considered to be submitted on the next business day.
4-Day Turnaround
| Pay Date | Submit Date* | Employer Draft Date | Employee Credit Date |
| Friday 5/24 | Monday 5/20* | Tuesday 5/21 | Friday 5/24 |
| Monday 5/27 | Monday 5/20* | Tuesday 5/21 | Friday 5/24 |
| Tuesday 5/28 | Tuesday 5/21* | Wednesday 5/22 | Tuesday 5/28 |
| Wednesday 5/29 | Wednesday 5/22* | Thursday 5/23 | Wednesday 5/29 |
| Thursday 5/30 | Thursday 5/23* | Friday 5/24 | Thursday 5/30 |
| Friday 5/31 | Friday 5/24* | Tuesday 5/28 | Friday 5/31 |
*OnPay’s Banking cut-off is 4 PM ET. Any payrolls processed after 4 PM ET are considered to be submitted on the next business day.
5-Day Turnaround
| Pay Date | Submit Date* | Employer Draft Date | Employee Credit Date |
| Friday 5/24 | Friday 5/17* | Monday 5/20 | Friday 5/24 |
| Monday 5/27 | Friday 5/17* | Monday 5/20 | Friday 5/24 |
| Tuesday 5/28 | Monday 5/20* | Tuesday 5/21 | Tuesday 5/28 |
| Wednesday 5/29 | Tuesday 5/21* | Wednesday 5/22 | Wednesday 5/29 |
| Thursday 5/30 | Wednesday 5/22* | Thursday 5/23 | Thursday 5/30 |
| Friday 5/31 | Thursday 5/23* | Friday 5/24 | Friday 5/31 |
| Monday 6/3 | Friday 5/24* | Tuesday 5/28 | Monday 6/3 |
*OnPay’s Banking cut-off is 4 PM ET. Any payrolls processed after 4 PM ET are considered to be submitted on the next business day.
Please keep in mind, OnPay schedules the direct deposit date based on information entered when running payroll and your turnaround time within OnPay. At the "Approve Payroll" step of the pay run, the direct deposit effective date may differ from the examples outlined above. If this occurs or if you have any questions about processing your payroll around this holiday, please contact us at 877-328-6505 or hello@onpay.com