Holiday Payment Processing Deadlines
Upcoming Holiday Closures
Banner Bank and the Federal Reserve will be closed the following days in observance of the year-end holidays. Thank you again for your business, and Happy Holidays to you and yours. We are looking forward to serving you in 2025.
- Wednesday, December 25, 2024, in observance of Christmas Day.
- Wednesday, January 1, 2025, in observance of New Year’s Day.
Please take note of the following reminders below to ensure no disruption to your transaction processing.
Positive Pay Exceptions
If you use Positive Pay, make sure you have resources available to respond to your Positive Pay exceptions on Thursday, December 26, and Thursday, January 2, 2025. Unanswered Positive Pay exceptions will be paid or returned in accordance with the default your company has selected.ACH Processing / Wire Transfers / Fund Transfers
Because the Federal Reserve will be closed, any ACH transactions scheduled to settle on Wednesday, December 25, 2024, or January 1, 2025, will settle the following business day:
- Please make the necessary adjustments to settle your ACH files, either on Tuesday, December 24 or Thursday, December 26, and Tuesday, December 30, or Thursday, January 2, 2025.
- If you have future-dated or recurring wire transfers, or funds transfers scheduled to occur on Wednesday, December 25, or Wednesday, January 1, 2025, it may be necessary to adjust the settlement dates for those transactions.
Transaction Dual Approvals
With many employees taking time off over the holidays, be sure you have adequate coverage for transactions that require dual approval to process—where one employee initiates a transaction and another, unique, employee approves the transaction. Now is also a good time to review user entitlements to ensure important transactions (like payroll files) are approved and processed in a timely manner.
Cyber Security
Unfortunately, cyber criminals are more active during the holidays. Stay vigilant and carefully validate payment requests sent by email from within, or from outside your organization.
