Banks are closed for all federal holidays.
Yes, you read that right – your trusty local Bank of America or Chase bank, credit union, and financial institution will be closed on all federal holidays.
As soon as a long weekend for a holiday approaches, everything can quickly turn into a frenzy – family get-togethers, hasty shopping trips, and the constant rearranging of holiday decorations. It’s easy to lose track of which days your bank is closed, but you also don’t want it to ruin your day off if you need access to your bank accounts.
To help you prepare, we have compiled a list of holidays when most banks will be closed, along with suggestions on how to access cash if you need it urgently.
When do banks close?
Banks typically close on federal holidays, and most have a holiday list on their website that you can refer to in advance.
Some brick-and-mortar banks have a holiday schedule in their FAQ section, while others, such as TD Bank and Regions Bank, have dedicated pages for their holiday schedules. During these holidays, brick-and-mortar banks will either close all their branches or modify their hours of operation. Customer service hours may also vary depending on your bank.
Quick tip: If you cannot find a holiday schedule on your bank’s website, the best way to find out which holidays it observes is to call your nearest branch.
Online banks don’t have physical branch locations, but you may still be affected by their holiday observance. When an online bank observes a holiday, transactions may be delayed until the next day.
Customer service availability typically remains the same with online banks, but there may be some exceptions. For example, Capital One 360 provides customer service support on all holidays except the Fourth of July, Thanksgiving Day, Christmas Day, and New Year’s Day.
Most financial institutions follow the Federal Reserve System’s holiday schedule. Here’s the holiday schedule for 2023.
Banks Are Closed On:
New Year’s Day: Friday, January 2
Martin Luther King, Jr. Day: Monday, January 16
Presidents’ Day: Monday, February 20
Memorial Day: Monday, May 29
Independence Day: Monday, July 4
Labor Day: Monday, September 6
Columbus Day: Monday, October 9
Veterans Day: Thursday, November 10
Thanksgiving Day: Thursday, November 23
Christmas Eve: Friday, December 24 (most close early)
Christmas Day: December 25
New Year’s Eve: Friday, December 31 (most close early)
Some major banks, including Truist, Bank of America, and Wells Fargo, have a holiday schedule listed in the FAQ section of their website. TD and Regions Bank, on the other hand, have separate pages that list their holiday schedules. During these holidays, conventional banks close all of their branches, and the customer service opening hours may vary depending on the location of the bank.
Bank Tip: If your bank doesn’t have a holiday schedule on its website, it’s best to call your nearest branch and find out which holidays are celebrated there.
Online banks usually don’t have a physical branch, but this may still affect you. If there is a holiday, transactions may be delayed until the next business day. Customer service is typically available year-round in online banks, but there are exceptions. Capital One offers customer service support on all holidays except the 4th of July, Thanksgiving, Christmas Day, and New Year’s Day. Most financial institutions follow the Federal Reserve’s holiday schedule, which we listed above.
Bank holidays are days on which banks are closed for business. These holidays can vary depending on the country and region, and may include national holidays, religious holidays, and other significant days.
And hey, let’s not forget that bank closures aren’t always a bad thing. Sure, they may inconvenience us for a day or two, but they also give us a chance to take a breather and enjoy time with our loved ones. Plus, if you’re lucky, you might even get a day off from work yourself! So instead of stressing about bank closures, try to see them as a chance to recharge and reset.