Holiday Payment Processing Deadlines
Upcoming Holiday Closures
Banner Bank and the Federal Reserve will be closed Monday, September 2, in observance of Labor Day, Monday October 14, in observance of the Columbus Day Holiday and Monday, November 11 in observance of Veterans 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 Tuesday, September 3, Tuesday, October 15 and Tuesday, November 12. 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 September 2, October 14 or November 11 will settle the following business day.
- Please make the necessary adjustments to settle your ACH files, either on Friday, August 30, or Tuesday, September 3; Friday, October 11 or Tuesday, October 15 and either on Friday, November 8, or Tuesday, November 12.
- If you have future-dated or recurring wire transfers, or funds transfers scheduled to occur on September 2, October 14 or November 11, it may be necessary to adjust the settlement dates for those transactions.
Security Tokens for ACH and Wire Approval
For most clients, a security token is required for approval of ACH and wire transactions. Ensure employees who will be approving these transactions have a required security token. If they don’t have one, we can assist them with downloading a virtual token.
Cyber Security
Unfortunately, cyber criminals increase their activity during summer holidays. Stay vigilant and carefully validate payment requests sent by email from within, or from outside your organization.
Contact Us with Questions or Assistance
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IMPORTANT: Internet email is not secure. Unlike Online Banking, it does not use SSL encryption so please do not send sensitive information such as your social security number or account number. Emails containing sensitive account information MAY be sent through our Secure Message Center while logged into Banner Bank Online Banking. Please include in your email the name of your bank branch so we may process your request as quickly as possible.