How bank holidays and weekends affect scheduling payments

When you schedule a payment via Cashflow360, the earliest process date you can select is the next banking day. Weekends and holidays do not count in the banking world.

The holidays listed below are all recognized as banking holidays by the Federal Reserve System, which means that on these days of the year banks are closed and not operating in their normal capacity. We cannot process ePayments (ACH) and checks on bank holidays.

• New Year’s Day
• Martin Luther King Jr. Day
• President’s Day
• Memorial Day
• Independence Day
• Juneteenth National Independence Day
• Labor Day
• Columbus Day
• Veterans’ Day
• Thanksgiving Day
• Christmas Day

Keep an eye out for notifications of bank holidays while working in your Cashflow360 account so you can consider weekends and holidays when scheduling payments.

Do payments clear on holidays and weekends?

ePayments do not clear on bank holidays and weekends.

If a weekend or bank holiday falls within the regular processing time for a payment, the payment will take an extra day to process, since banks do not operate on those days. That extra day will be reflected in the "Arrives By" Date.

What if a scheduled autopay falls on a weekend or holiday?

If you set up an autopay schedule for a vendor and the scheduled date for deducting funds is a bank holiday or weekend day, the system will automatically deduct funds on the closest banking day prior, to ensure delivery on or before the scheduled delivery date.

If a bank holiday falls on a weekend

If a bank holiday falls on a Saturday or Sunday, it could affect your payment process date. For example, if a bank holiday falls on a Saturday, it is usually observed on the Friday before.