Payroll by Wave: Bank holiday direct deposit timelines

Holiday bank closures will impact timelines for your employees to receive direct deposit. Below, we’ve listed the dates that banks will be closed in Canada and the United States so you can plan ahead.

Why can’t my employees get paid on holidays?

Wave can only facilitate movement between your bank account and your employees' bank accounts on business days. The direct deposit process normally takes four business days, but any holidays in the interim will extend that timeline. Since the holidays below are not considered business days, instructions sent to your bank and your employees' banks will not be posted until the banks have re-opened. 

As an example of how this would affect you, let's say you were expecting your employee's pay to be deposited on Labour Day, which falls on Monday, September 3rd:

If the transaction was processed before 5pm on Thursday, August 30th, it would deposit on Tuesday, September 4th.

If it was processed before 5pm on Friday, August 31st, it would deposit on Wednesday, September 5th.

2018 Bank Holidays in Canada

Alberta

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 
Boxing Day Wednesday, December 26th 

British Colombia

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
B.C. Day Monday, August 6th
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Manitoba

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Christmas Day Tuesday, December 25th 

New Brunswick

Holiday Date
Good Friday Friday, March 30th
Canada Day (Observed) Monday, July 2nd 
New Brunswick Day Monday, August 6th 
Labour Day Monday, September 3rd
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Newfoundland and Labrador

Holiday Date
Good Friday Friday, March 30th
Memorial Day (Observed) Monday, July 2nd 
Labour Day Monday, September 3rd
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Northwest Territories

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
National Aboriginal Day Thursday, June 21st
Canada Day (Observed) Monday, July 2nd 
First Monday in August Monday, August 6th 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Nova Scotia

Holiday Date
Good Friday Friday, March 30th
Canada Day (Observed) Monday, July 2nd 
Labour Day Monday, September 3rd
Christmas Day Tuesday, December 25th 

Nunavut

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
First Monday in August Monday, August 6th 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Ontario 

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 
Boxing Day Wednesday, December 26th 

Prince Edward Island

Holiday Date
Good Friday Friday, March 30th
Canada Day (Observed) Monday, July 2nd 
Labour Day Monday, September 3rd
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Saskatchewan

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
Saskatchewan Day Monday, August 6th 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

Yukon

Holiday Date
Good Friday Friday, March 30th
Victoria Day Monday, May 21st
Canada Day (Observed) Monday, July 2nd 
Discovery Day Monday, August 20th 
Labour Day Monday, September 3rd
Thanksgiving Day Monday, October 8th 
Remembrance Day (Observed)  Monday, November 12th 
Christmas Day Tuesday, December 25th 

2018 Bank Holidays in the US

Holiday Date
Memorial Day Monday, May 28th
Independence Day Wednesday, July 4th 
Labor Day Monday, September 3rd
Columbus Day Monday, October 8th 
Veterans Day (Observed) Monday, November 12th 
Thanksgiving Day Thursday, November 22nd
Christmas Day Tuesday, December 25th