How Canadian Bank Holidays Affect Your Payout Timelines

Canadian bank holidays can affect your payout timelines, even if you initiate a payment on a regular business day. Here’s what you need to know to plan ahead.

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When banks in Canada are closed for a holiday, payout processing pauses until the next business day. This means your funds might arrive later than usual — especially if your payout is scheduled near a holiday or over a long weekend.

Example

If your payout is expected to be deposited on Thursday but Thursday is Thanksgiving Day, a Canadian bank holiday, it will instead be deposited on the next business day (Friday), unless that day is also a bank-observed holiday.

You can always view your estimated payout timelines by visiting your Payouts page in your Alternative Payments dashboard.

Note: Standard processing timelines for credit cards and bank payments (ACHs) are 3 business days. If you have opted in to accelerated payouts, your standard payout time may be the next day or 2 business days.

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Bank Holidays in Canada

New Year's Day	Wednesday, January 1st	All provinces & territories
Good Friday	Friday, April 18	All provinces & territories
Victoria Day	Monday, May 19	All provinces & territories (except QC)
Canada Day	Tuesday, July 1	All provinces & territories
Labour Day	Monday, September 1st	All provinces & territories
National Day for Truth and Reconciliation	Monday, October 13	Federal & some provinces
Thanksgiving Day	Tuesday, November 11	All provinces except NB, NS, NL, PE
Remembrance Day	Tuesday, November 11	Federal & most provinces
Christmas Day	Thursday, December 25	All provinces & territories
Boxing Day	Friday, December 26	Federal & ON, NB, NL

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What should you expect?

• Payments initiated just before or on a holiday may be delayed by 1 business day

• Auto-pay and recurring payment rules will still trigger as scheduled, but the actual fund transfer won’t be completed until banks reopen

Note: If a holiday falls on a weekend, banks may observe the holiday on the closest weekday.

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Best practices

• Schedule critical payouts in advance of bank holidays

• Use our payout tracking tools to monitor payment status

• Communicate with your clients or vendors if you anticipate any delays due to a holiday

If you have specific questions or need help adjusting your payout schedule, reach out to our support team.

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