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Easter: delays to be expected in the payment of salaries
Easter: delays to be expected in the payment of salaries
(France 2)
The month of March ends on Sunday, but as Monday is a public holiday due to the Easter weekend, salaries for March could be paid a few days late. To avoid this, one company decided to take the lead.
When will salaries for the month of March be paid? Some bank transfers will be suspended between Friday March 29 and Monday April 1, since it is a public holiday. They will not resume until April 2. These few days of delay could penalize employees.
To avoid this, a company wants to take the lead. In fact, the boss brought forward the pay by two days, so that salaries fell before the weekend. “It’s a little more complicated, because we go beyond the processes […] This is a particularity that must be managed“, explains Benoît Paget, president of GreenBig.
Direct debits also suspended
Not every company will be able to do this. However, transfers, direct debits and check cashing will also be suspended. The entire European system is shut down because of public holidays. However, it will be possible to send money. Salary payments which would have been triggered during the weekend should fall, at the latest, Thursday April 4.
Among our sources:
Communication from the French Banking Federation
Estelle Brack: economist, specialist in banking and financial systems, particularly in Europe
Non-exhaustive list
