2024 Bank Holidays

Beth Dean 11.27.23
2023-12-12 Nextep blog - 2024 bank holidays

Time to mark your calendars! Here are key bank and Nextep holiday closure dates for 2024. 

If Nextep is closed on a day that banks are usually open, such as the day after Thanksgiving, no need to stress! If banks are open, we can still process your payroll for that day. However, if banks are closed, payroll can’t be processed or dated for that day.

If you need to change your company’s pay date for any federal holidays, please contact your payroll specialist to make arrangements at least two weeks before the payday.

2024 Nextep and Bank Closures

2024 Holidays Closure Date
New Year’s Day observed January 1 Nextep Closed
Martin Luther King Jr. Day January 15 Nextep Open
Presidents Day February 19 Nextep Open
Memorial Day May 27 Nextep Closed
Juneteenth June 19 Nextep Open
Independence Day July 4 Nextep Closed
Labor Day September 2 Nextep Closed
Columbus Day/Indigenous Day October 14 Nextep Open
Veterans Day November 11 Nextep Open
Thanksgiving Day November 28 Nextep Closed
Day after Thanksgiving November 29* Nextep Closed
Christmas Day December 25 Nextep Closed

*Nextep will be closed, but banks will be open, and payroll can be processed. 


PRINTABLE DOWNLOAD

2024 Bank Holidays Flyer

Need a printable copy of the 2024 bank holidays list? Here it is! Download, print, and refer to it at your convenience.


Related Reading

Nextep - Payroll compliance articles

Want more info on navigating payroll? We’re here for you!

Get tips, compliance info, answers to frequent questions, and more in our payroll-related articles.


 

Also on Nextep

Be Aware of These Red Flags For Incorrect Employee Retention Credit (ERC) Claims The IRS is urging businesses that claimed the ERC pandemic-era credit to review their eligibility as a key deadline approaches.  Here are 7 ERC red flags to watch out for that could delay your claim: Claiming for too many quarters: Qualifying for […]
Read more
Remember that new independent contractor rule coming soon? It’s the one that makes it harder for businesses to call a worker a “contractor.” As a reminder, that big change kicks in March 11, 2024. Why should you care? More workers might become employees. This means benefits like minimum wage, health insurance eligibility, paid time off, […]
Read more
Big Change for Gig Work and More The Department of Labor (DOL) has revised its rules for classifying workers as independent contractors, making it more difficult for businesses to do so.  Effective March 11, 2024, this change impacts workers across the US and could have significant implications for businesses of all sizes. New rules make […]
Read more
At least 22 states and nearly 40 local jurisdictions will increase their minimum wage rates on January 1, 2024. Below is a summary of these changes and guidelines to help you comply with your minimum wage requirements. As a reminder, in cases where federal, state, or local regulations differ, the employer must use the law […]
Read more
Get ready to chart your company’s financial course for 2024! To assist in gearing up your company’s budget, here’s a breakdown of some key upcoming financial changes. 2024 Tax, FSA, and Retirement Updates   2024 2023 TAXES Social Security Wage Base $167,700 $160,200 FICA – Social Security (OASDI) 6.2%, up to wage base 6.2%, up […]
Read more
Confused by the ever-changing SUTA (State Unemployment Tax Act) landscape? We’ve compiled a comprehensive list of 2024 SUTA wage bases for each state, making it easier for you to stay compliant and manage your payroll taxes effectively. Simply find your state in the table below and discover the applicable wage base for the upcoming year! […]
Read more
Ah, the holiday season—a time for joy, festivities, and the age-old puzzle of compensating your employees. Let’s demystify the rules of holiday pay for both our hourly (nonexempt) and salaried (exempt) workers. For the Hourly Heroes Picture your business decked out in holiday cheer, but your nonexempt employees are sipping cocoa at home. Under the […]
Read more
Spoiler Alert: Yes We frequently see a question posed to HR pros: “Do I have to pay my employee if…?” We’ll go ahead and give you a major hint at the outset. In many of the scenarios we see, the answer is yes, you do have to pay your employee. Here are a few scenarios. […]
Read more
What to do as a boss in the age of pay transparency Navigating pay transparency in the workplace can be a delicate balancing act for bosses.  On the one hand, it’s important to be open and honest about compensation, but on the other hand, there may be concerns about privacy and sensitive information. First, a […]
Read more
Shining a Light on Compensation: The Bold Move Toward Pay Transparency Let’s talk about the rise of pay transparency in the United States. It’s a hot topic but also relevant as more companies (and employees!) are demystifying employee pay. Pay transparency is the practice of openly and honestly sharing information about salaries, bonuses, and other […]
Read more
Are You Paying Your High-Earning Employees Correctly? In a recent case, the Supreme Court issued an opinion clarifying the overtime-exempt status requirements under the Fair Labor Standards Act (FLSA).  The ruling emphasizes the importance of the salary-basis requirement for high-earning employees to be overtime-exempt under the FLSA. Here’s what you need to know: Under the […]
Read more
Don’t worry. Nextep’s payroll processing is unaffected by the SVB closure. At Nextep, we understand that the recent closure of Silicon Valley Bank (SVB) has caused concern for our clients and their employees who bank with SVB. We want to assure you that Nextep’s ability to process payroll remains unaffected by this event. We are […]
Read more

Download Our App


Download the Nextep Mobile App in Apple iOS or Google Play