General Question

silky1's avatar

With Monday Decmber 26th being a bank holiday will my direct deposit be posted?

Asked by silky1 (1505points) December 24th, 2011

I’m due to receive my direct deposit on Monday and I was wondering if the actual physical banks are closed will my deposit be posted?

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5 Answers

Tropical_Willie's avatar

If the bank is closed there will be no posting. It will show up in Tuesday’s transactions.

tedibear's avatar

Actually, it should have posted on Friday. Typically (though not always) automatic credits to your account that normally fall on a holiday – such as Social Security – will credit on the prior business day. Automatic debits to your account – such as automatic loan payments – will come out the day after a federal holiday. An example is my mortgage. It comes out of my checking on the 5th of the month, unless the 5th is a Saturday, Sunday or Federal holiday. Then it comes out on the business day after.

Please note that I’m talking about the United States.

judochop's avatar

My check used to post electronically even on off days and holidays.

RareDenver's avatar

If your in the UK then Tuesday is a Bank Holiday too so it may not show in your account while Wednesday. That being said some banks (Lloyds for example) are able to let automatic transactions complete on bank holidays. Some of the smaller banks and building societies still can’t. I’m sure by the end of 2012 all but the smallest building societies will be able to credit/debit automatic payments at any time.

marinelife's avatar

My husband’s was due Tuesday, and it came on Saturday. it depends on your employer.

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