Saturday is business day for paying bills? And receiving salaries? Understand:

If you receive payment or need to settle debts on certain business days, you may have wondered which business days are in the month and how this counting is done. 

And the biggest question that always arises is: is Saturday a business day for payment? How is this counted? 

In this article, we want to provide you with all the information you need about what a business day is and answer the question of whether Saturday is a business day for payment. Read on to find out!

See here:

• What is the 5th business day of this month?
• Is Saturday a business day for payment?
• When is Saturday considered a business day? 
• From what time can the payment be credited to the account?
• Can payment on the 5th business day be made after the 7th?
• When the due date is on Saturday, can you pay on Monday?

After all, what are working days?

Business days, also known as working days, are the days of the week when commercial and financial activities are fully operational. 

In other words, we can consider as working days any day in which work takes place normally, without any interruption due to a commemorative date or other reason. 

Typically, these days include Monday through Friday, excluding national and regional holidays. In some cases, Saturday is considered a business day. Therefore, we can summarize that business days are all days of the week except Sundays and holidays. 

Is Saturday a business day for payment?

The big question in our article is related to Saturday as a working day. So, it's important to understand how it works and in what situations it is considered a working day or not. 

When is Saturday a working day? 

For the purpose of receiving salary payments, Saturday is considered a business day, regardless of whether you work from Monday to Friday or from Monday to Saturday. 

In such cases, you have the right under law to receive payment of your money by the fifth business day of the month even if this falls on a Saturday that is not a holiday. 

The law says the following: 

"Payment of wages up to the 5th business day of the month following the month in which the salary is due is not subject to monetary correction. If this deadline is exceeded, the monetary correction index for the month following the month in which the services were provided will apply, starting on the 1st." (TST Summary 381, or normative precedent 72).

In other words, if you do not receive your salary by the fifth working day of the month, you are entitled to receive it with a correction applied to the amount. 

When is Saturday not a working day?

In some situations, Saturday is not considered a working day: 

• When a holiday falls on a Saturday.
• When you have to make a bill payment on Saturday, you must pay it on the next business day without incurring interest. 
• In banking operations.
• For INSS payments, since, for the government, salaries are paid from Monday to Friday. 

Therefore, it is important to understand each situation so that you know whether Saturday will be considered a working day or not.

From what time can the payment be credited to the account?

The time it takes for your money to arrive in your bank account depends on several factors, including the bank you're receiving it from and how your payment is processed. 

For those who receive payments from private companies, the payment will be credited to your account depending on when the company transfers the money. If the transfer is made before 4 p.m., it may be credited the same day. If not, it may not be credited until the next business day. 

However, it is worth remembering that it depends on the type of operation used to pay the bill (TED, DOC, TEF or PIX). 

When it comes to receiving INSS funds, the salary deposits into the account between 6 and 8 a.m. This is the base time banks close transactions, making the funds available to customers. 

In the case of Caixa Econômica Federal, the money is generally available at 6 am.

Can payment on the 5th business day be made after the 7th?

It all depends on the month and the day the month begins. It's worth remembering that the fifth business day is Monday through Saturday, excluding holidays. For INSS (National Institute of Social Security), payments are made Monday through Friday. 

If, for example, a month starts on Saturday (the first business day) and has a holiday on Monday and Tuesday, the second business day will be Wednesday the 5th, which will make the fifth business day Saturday the 8th. 

However, it is important to check each month to know the payment schedule and be able to calculate the fifth business day. 

What is the fifth business day of this month?

Want to know what the fifth business day will be in the coming months? Check out our table to keep track of your progress!

It is worth remembering that if you receive payment through INSS, in months where the fifth business day falls on a Saturday, you will receive payment on the next business day of the month. 

How many days can the company delay paying salaries?

Article 459 of the CLT states: “1. When payment has been stipulated per month, it must be made no later than the fifth business day of the month following the due date.” In other words, you are legally entitled to receive your payment by the fifth business day of the month. 

If this does not happen, you also have the right to receive your salary with adjustments for the delay. 

And, according to the law, late payment of wages is considered a serious offense against the company. Therefore, the company must make payment by the fifth business day of the month. 

If there are delays in payment, the employee has the right to take legal action against the company. 

When the due date is on Saturday, can you pay on Monday?

If you need to pay bills and other bills that fall on a Saturday, don't worry. By law, you can make the payment on the next business day without paying interest. 

Only when it comes to salary payment are you entitled to receive it on Saturday, which is counted as the fifth working day of the month.

Frequently asked questions

[faq]