Are Banks Open on Labor Day?

posted in: Banking News | 0
Are Banks Open on Labor Day?

Labor Day is celebrated on the first Monday in September. In 2018, Labor Day falls on Monday, September 3rd. If you are fortunate enough to get the day off work and forget to take care of your banking needs ahead of time, there may be a chance that your bank has an open location.

However, banks and credit unions do follow the Federal Reserve holiday schedule and will be closed on Labor Day. Those that may be open are generally the ones in retail locations such as large supermarkets or Walmart.

The vast majority of stand alone bank locations will be closed so their employees can enjoy the holiday. You can expect some retail locations to be open, at least for shortened hours, and you can contact them directly to find out their hours.

Hours vary by type of bank and location, so it would not be possible to provide a comprehensive list.

Even if you are unable to go to a bank on Labor Day, there are still plenty of functioning ATMs. Basic transactions can also be done through your bank’s website or mobile app. Also, most stores offer cash back when making a debit card purchase.

With some exceptions, banks are closed on Sunday, so you will have to complete any banking transactions requiring a teller by Friday, August 31st, or wait until the day after Labor Day: Tuesday, September 4th.

Some of the larger banks listed as closed on Labor Day are:

Below is a list of 2018 holidays that, for the most part, coincide with banks in the U.S. being closed:

Jan 1 New Year’s Day Monday
Jan 15 Martin Luther King Day Monday
Feb 19 Presidents’ Day Monday
Apr 1 Easter Sunday
May 28 Memorial Day Monday
Jul 4 Independence Day Wednesday
Sep 3 Labor Day Monday
Oct 8 Columbus Day Monday
Nov 12 Veterans Day (observed. varies by bank) Monday
Nov 22 Thanksgiving Thursday
Dec 24 Christmas Eve Monday
Dec 25 Christmas Day Tuesday
Dec 31 New Year’s Eve Monday