The US has 11 Federal Holidays a year as designated by the U.S. Federal Reserve System (The Fed). All ACH bank transfers rely on The Fed, and can’t be processed on a Federal Holiday.
Payments to vendors via Melio that are scheduled for a Federal Holiday, or the 3 following days, will be delayed by 1 day.
A list of the US Federal Holidays
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New Years Day |
January 1st |
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Martin Luther King, Jr. Day |
Third Monday in January |
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President’s Day |
Third Monday in February |
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Memorial Day |
Last Monday in May |
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Juneteenth |
June 19th |
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Independence Day |
July 4th |
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Labor Day |
First Monday in September |
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Columbus Day |
Second Monday in October |
|
Veterans Day |
November 11th |
|
Thanksgiving Day |
Fourth Thursday in November |
|
Christmas Day |
December 25th |
We suggest scheduling payments a few days early when a Federal Holiday is coming up.
When scheduling your payment deduction date, Federal Holiday dates will be blocked on the Melio calendar.
NOTE: Federal Holidays that fall on a Saturday or Sunday
5 Federal Holidays have fixed dates and occasionally fall on a weekend. A holiday that falls on a Sunday is observed the following Monday and one that falls on a Saturday means some banks may be closed the Friday before.