Important dates for employers with direct deposits (EFTs)
Powerpay calendars account for bank, statutory and provincial holidays; however, it is good practice to review your ‘Submit for Processing By’ dates on your calendar on the View Calendar page.
If changes are required, making them now ensures that your December and January payrolls are processed early enough to allow direct deposits to be made on time. The following input schedule is recommended for releasing EFT payments so that all employees receive payment on the due date.
| EFT Payment Date | Input to Dayforce | Stop Payment Deadline (Noon CST) |
|---|---|---|
| Friday, December 22 | Tuesday, December 19 | Thursday, December 21 |
| Wednesday, December 27 | Wednesday, December 20 | Friday, December 22 |
| Thursday, December 28 | Thursday, December 21 | Wednesday, December 27 |
| Friday, December 29 | Friday, December 22 | Thursday, December 28 |
| Tuesday, January 2 | Wednesday, December 27 | Friday, December 29 |
| Wednesday, January 3 | Thursday, December 28 | Tuesday, January 2 |
| Thursday, January 4 | Friday, December 29 | Wednesday, January 3 |
Any payrolls processed outside of these recommended guidelines are done on a best-effort basis by the receiving banking institutions. Dayforce is unable to speed up the processing of deposits with the banks once the EFT information has been released to them. Due to bank closures, no EFT files are processed on