Your deposit will be deposited into your account on Monday. In fact, payroll will be processed before that, but the date of the deposit will be your actual payday. If my payday falls on a Monday, will my direct deposit be posted on Friday morning or Friday night? Your deposit will be deposited into your account on Monday. If your payday falls on a Saturday, you should consider paying your employees that Friday before their normal payday.
If it falls on a Sunday, you usually have to pay employees the following Monday. Although there are several ways to pay employees, most involve banks in some form or form. As a result, a holiday can crumple your payroll processing schedule and your desired pay date. If a payday falls on a holiday, your employees have to wait until the next business day to access their salaries, unless you take action.
What was the Monday it happened? If payday is a bank holiday, some payroll systems withdraw it on the previous banking day. So, if you received your paycheck on the 15th and last day of the month, when your payday was Monday, April 15th, and you are in Mass or Maine and your bank branches were closed for Patriots Day, direct deposit would have been settled on Saturday the 13th. Just as it is important to have a policy in place to pay employees during a holiday, your company should have a consistent practice for when the payday falls on a Saturday or Sunday. Usually, if payday falls on a Saturday, consider paying your employees on Friday beforehand.
If the payday is Sunday, pay it the following Monday. Your contract must say that the payday is on or before the last day of the month. There are no Sunday scares here, just like when payday falls on a holiday, it is essential to coordinate proper practice when payday falls on a weekend.