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 Juneteenth Holiday Notice – Direct Deposit Timing
In observance of Juneteenth, the Federal Reserve Bank will be closed on Friday,  June 19. Because of this, the national ACH/payroll processing system will also be paused for the day. Employers who process payroll through the Federal Reserve system will not have files processed that day, which may delay direct deposits that are normally scheduled for Friday until Monday. Some employers may choose to submit payroll early, which could allow funds to be deposited as early as Thursday. However, payroll timing is determined by each employer, so deposit availability may vary. We encourage members to check with their employer or payroll provider for specific timing questions.


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