Holiday bank closure payout schedule

Holiday bank closures impact timelines for receiving payments from Wave. Below, we’ve listed the holidays that will affect those timelines in Canada and the United States so you can plan ahead.

Bank Holidays in the US

Holiday
New Year's Day
Memorial Day
Independence Day
Labor Day
Columbus Day
Veterans Day (Observed)
Thanksgiving Day
Christmas Day

Why can’t I get paid on holidays?

Wave can only deposit funds into your bank account on business days. If your Wave Payments account is active, credit card transactions normally post within two business days. Since the holidays above are not considered business days, instructions sent to your bank will not be posted until the banks have re-opened.

As an example of how this would affect you, let's say you are expecting a transaction to be deposited on Labour Day, which falls on a Monday:

If the transaction is processed before 8pm EST on Thursday, it will deposit on Tuesday.

If the transaction is processed after 8pm EST on Friday, it will deposit on Wednesday.

Holiday bank closures impact timelines for receiving payments from Wave. Below, we’ve listed the holidays that will affect those timelines in Canada and the United States so you can plan ahead.

Bank Holidays in Canada

Holiday
New Year's Day
Good Friday
Victoria Day
Canada Day (Observed)
Labour Day
Thanksgiving Day
Remembrance Day (Observed) 
Christmas Day
Boxing Day

Why can’t I get paid on holidays?

Wave can only deposit funds into your bank account on business days. If your Wave Payments account is active, credit card transactions normally post within one business day. Since the holidays above are not considered business days, instructions sent to your bank will not be posted until the banks have re-opened.

As an example of how this would affect you, let's say you are expecting a credit card payment to be deposited on Labour Day, which falls on a Monday:

If the transaction is processed before 8pm EST on Friday, it will deposit on Tuesday.

If the transaction is processed after 8pm EST on Friday, it will deposit on Wednesday.

This content is currently available to Wave businesses located in the United States and Canada.

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