Friday, January 1, 2021 will be New Year’s Day, a federal holiday. The offices of Vision Payroll will close New Year’s Eve, Thursday December 31 at 3 pm EST and re-open Monday January 4, 2021. Most banks will also be closed in observance of the holiday. Payroll changes and hours must be submitted before the processing deadlines as listed below.
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Payroll Dates May Be Affected by New Year’s Day
Payrolls dated January 1 will be paid December 31 unless a previous change in schedule has been submitted. Payrolls submitted after these processing deadlines will be pushed back until the next available processing day. No changes are required for payrolls dated January 6, 2021.
Bank Withdrawal Dates Will Change for Some Payrolls
For payrolls dated December 31, including those normally paid on Fridays, ACH withdrawals from clients’ accounts will occur on Wednesday, December 30. For payrolls dated January 4, 2021, ACH withdrawals from clients’ accounts will occur on Thursday, December 31. This is necessary to ensure timely crediting of employees’ accounts on the proper day.
UPS Will Limit Deliveries and Pickups
Due to heavy USPS and UPS delivery requirements as well as limited bank hours and staffing, we strongly recommend submitting payrolls during this time as early as practicable. Since the final bank processing for ACH transactions on December 31 is 1 pm EST, in order to ensure proper crediting of transactions for Monday, January 4, 2021, we recommend submitting payrolls dated Monday no later than 2 pm EST, Wednesday, December 30. Ground packages received by UPS on December 30 and December 31 do not ship from UPS until January 4 so we do not recommend submitting on that date any payrolls dated before January 5, 2021.
Birthday of Martin Luther King, Jr. Is Next Federal Holiday
The next federal holiday will be Monday, January 18, 2021, the Birthday of Martin Luther King, Jr. Contact Vision Payroll as soon as possible to make changes to or for questions on your processing schedule.