This applies to both ACH credits (direct deposits) and ACH debits (bill payments). The ACH Network does not settle payments on holidays or weekends when the Federal Reserve is shut. iStock/Getty Images Plus Do We Get Paid Early for Thanksgiving? This includes direct deposit, the payment method by which many employees are paid.Ī person doing online banking on a mobile phone. Nacha (National Automated Clearing House Association) explains that the ACH Network processes electronic financial transactions for consumers, businesses, and federal, state and local governments. Such payments will be processed on the following business day. While some banks may be open, payment services through the Federal Reserve and the ACH (Automated Clearing House) Network will not be available on Thanksgiving. Contact your local bank branch to confirm the services available and hours of operation before visiting. Some banks may offer certain services (such as a drive-up banking option) on a reduced schedule.
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