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Thanksgiving Day: Thursday, November 27: Christmas Day: Thursday, December 25 *For holidays falling on Saturday, Federal Reserve banks and branches will be open the preceding Friday; however, the Board of Governors will be closed. **For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. No, your direct deposit doesn’t hit on Thanksgiving because it is a federal holiday that Chime observes. You may have to wait until the next business day to get paid from Chime. If there is a weekend after Thanksgiving, you will receive your payment on Monday if there is no federal holiday. How do bank holidays affect direct deposit and other banking transactions? Learn how to plan around the 11 bank holidays that can delay your banking transactions. October 10, 2024 A payroll transmission occurs when direct deposits (paycheques) are sent to Intuit to be processed. When are payroll transmissions due? The deadline is 2 business days before the cheque date, before 5:00 p.m. PT/8:00 p.m. ET. Federal banking holidays are not considered business days. So, how do holidays like Thanksgiving and Veterans Day affect direct deposits? What Federal Holidays Affect Direct Deposits in 2024? New Year’s Day – Monday, January 1, 2024; Birthday of Martin Luther King, Jr. – Monday, January 15, 2024; Washington’s Birthday – Monday, February 19, 2024; Memorial Day – Monday, May 27, 2024 Dave observes all federal and banking holidays. The following transactions may take additional time to process and be delayed by a business day: To receive your funds quicker, we encourage you to select a faster transfer method. What time does direct deposit hit Chime? Direct deposits post Monday to Friday throughout the day. As a general rule of thumb, direct deposits with Chime will be in your Chime account by 9:00 a.m. EST on your typical payday. Will the bank holiday affect your direct deposit? If payday falls on a bank holiday, employees generally won't receive direct deposits until the next business day. Here's what you need to know about bank holidays, including which holidays banks observe and how to plan ahead to avoid overdrafts. For example, if your payday falls on Friday (November 25), you'll need to approve your paychecks by Wednesday (November 23) before 5:00 PM PT. It's because Thursday (November 24) is Thanksgiving day. However, if you use QuickBooks Desktop Payroll Enhanced, your direct deposit processing time takes 2 business days.

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