Are Banks Open On New Year’s Day? New Year’s Eve?

posted in: Banking Questions | 0


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.

New Year’s Eve, December 31st, however, is a regular banking day and most banks will be open.

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 as usual.

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

Year New Year’s Day Date Observed
2017 Sunday, January 1 Monday, January 2
2018 Monday, January 1 Monday, January 1
2019 Tuesday, January 1 Tuesday, January 1
2020 Wednesday, January 1 Wednesday, January 1
2021 Friday, January 1 Friday, January 1
2022 Saturday, January 1 Friday, December 31
2023 Sunday, January 1 Monday, January 2
2024 Monday, January 1 Monday, January 1
2025 Wednesday, January 1 Wednesday, January 1
2026 Thursday, January 1 Thursday, January 1
2027 Friday, January 1 Friday, January 1
2028 Saturday, January 1 Friday, December 31
2029 Monday, January 1 Monday, January 1
2030 Tuesday, January 1 Tuesday, January 1