Answers
Daily remittances are usually collected on business days only. Weekends and statutory holidays are skipped, and some agreements collect the missed day on the next business day. Check your agreement, especially around long weekends when deposits pause but the next collection may be larger.
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Daily remittances are usually collected on business days only. Weekends and statutory holidays are skipped, and some agreements collect the missed day on the next business day. Check your agreement, especially around long weekends when deposits pause but the next collection may be larger.
Key facts
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Pre-authorized debits in Canada move through the banking system on business days. A daily remittance typically runs Monday to Friday and skips statutory holidays. Card-processor holdbacks work differently: they are taken from each settlement, so they follow your card batches.
Canada has long weekends through the year, including Victoria Day, Canada Day, Civic Holiday in many provinces, Labour Day, Thanksgiving and the December holidays. Provincial holidays vary. If your agreement collects missed days on the next business day, Tuesday after a long weekend may see a larger debit. Keep a cushion in the account.
Some businesses prefer weekly payments, which are easier to plan around and less sensitive to individual days. Others prefer daily because each payment is small. Ask whether a weekly schedule is available if daily debits are hard to manage.
If your question is about your own file rather than the general rule, the fastest route to a specific answer is a review. Send a signed application and your last four months of business bank statements, mention this question in a note, and the response will address it directly. You can also call (305) 384-8391 and ask before applying; there is no cost to ask.
Look at the calendar a month ahead and mark each statutory holiday in your province. If your agreement catches up missed collections, keep enough in the account on the next business day to cover two or three days of payments at once.
Weekly remittances avoid most of this, because one collection lands on a fixed day. If long weekends keep catching you out, ask whether a weekly schedule is available at renewal.
Reviewed by the Merchant Fund Express team on October 12, 2026. Official pages checked as of that date.
Pre-authorized debits generally are not. Card holdbacks follow your settlements.
Bank holidays follow the banking system; ask how your agreement treats provincial holidays.
Sometimes, at funding or renewal.
Educational information only. It is not legal, tax or accounting advice.
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