Are Banks Open On New Year’s Day? New Year’s Eve? (2024)

Happy New Year! It’s the end of the year and you have banking tasks that need to be completed. Maybe you need to ask your bank about contributing to your 410k by December 31st? Or about harvesting tax losses to offset gains in the stock market? Another common end of year banking task is paying down credit card debt or applying for a new card.

If you have these or other end-of-year financial tasks, you may be asking: Is my bank open on New Year’s Eve, the last day of the year? Is my bank open on the first day of the year, New Year’s Day?

New Year’s Day, January 1st, is a federal bank holiday according to the Federal Reserve. All banks will be closed on New Year’s Day, the first day of each year.

In 2024, New Year’s Day lands on a Monday.

In 2023, New Year’s Day lands on a Sunday. Therefore, the holiday will be observed on Monday, January 2nd 2023.

New Year’s Eve, December 31st, however, is a regular banking day and banks hours will be the same as usual for that day of the week. The exception to this is when New Year’s Eve, the last day of the year, falls on a weekend. Typically, banks will be open or have partial hours if New Year’s Eve is on a Saturday. If New Year’s Eve is on a Sunday, banks will close for the day.

Find below a chart that shows which day of the week New Year’s Day lands on along with the date it is observed.