Bank Holiday Schedule

Is Today a Bank Holiday?

Is today a bank holiday? No. Today, Saturday, June 22nd, 2024, is not a bank holiday.

Tomorrow, Sunday, June 23rd, 2024, is also not a bank holiday.

If a bank holiday falls on a Saturday, the holiday will be observed on the Friday before. Likewise, if it lands on a Sunday, the holiday will be observed on the Monday after.

Whether or not today is a bank holiday depends on whether or not it is a federal holiday. The U.S. Federal Reserve observes 11 holidays each year.

Most banks and credit unions in the USA will generally follow suit.

Few things are more frustrating than wanting to deposit a check, make a withdrawal, or make a same-day online bill payment and then finding out that the bank is closed for a holiday.

While not every bank observes all of these holidays, here is a handy schedule of holidays observed by most banks (including the Federal Reserve Bank) in the United States.

 

Is Today a Bank Holiday?

Is today a banking holiday? The days listed below are bank holidays in the United States.

 

2024 Bank Holidays

January 1st, 2024 – Monday – New Year’s Day

January 15th, 2024 – Monday – Martin Luther King, Jr.’s Birthday

February 19th, 2024 – Monday – Washington’s Birthday/Presidents Day

May 27th, 2024 – Monday – Memorial Day

June 19th, 2024 – Wednesday – Juneteenth National Independence Day

July 4th, 2024 – Thursday – Independence Day

September 2nd, 2024 – Monday – Labor Day

October 14th, 2024 – Monday – Columbus Day / Indigenous Peoples’ Day

November 11th, 2024 – Monday – Veterans Day

November 28th, 2024 – Thursday – Thanksgiving Day

December 25th, 2024 – Wednesday – Christmas Day

 

2023 Bank Holidays

January 1st, 2023 – Sunday – New Year’s Day

January 2nd, 2023 – Monday – New Year’s Day (Observed)

January 16th, 2023 – Monday – Martin Luther King, Jr.’s Birthday

February 20th, 2023 – Monday – Washington’s Birthday/Presidents Day

May 29th, 2023 – Monday – Memorial Day

June 19th, 2023 – Monday – Juneteenth Day

July 4th, 2023 – Tuesday – Independence Day

September 4th, 2023 – Monday – Labor Day

October 9th, 2023 – Monday – Columbus Day / Indigenous Peoples’ Day

November 10th, 2023 – Friday – Veterans Day (Observed)

November 11th, 2023 – Saturday – Veterans Day

November 23rd, 2023 – Thursday – Thanksgiving Day

December 25th, 2023 – Monday – Christmas Day

 

2022 Bank Holidays

January 1st, 2022 – Saturday – New Year’s Day

January 17th, 2022 – Monday – Martin Luther King, Jr.’s Birthday

February 21st, 2022 – Monday – Washington’s Birthday/Presidents Day

May 30th, 2022 – Monday – Memorial Day

June 19th, 2022 – Sunday – Juneteenth Day

July 4th, 2022 – Monday – Independence Day

September 5th, 2022 – Monday – Labor Day

October 10th, 2022 – Monday – Columbus Day / Indigenous Peoples’ Day

November 11th, 2022 – Friday – Veterans Day

November 24th, 2022 – Thursday – Thanksgiving Day

December 25th, 2022 – Sunday – Christmas Day

 

2021 Bank Holidays

January 1st, 2021 – Friday – New Year’s Day

January 18th, 2021 – Monday – Martin Luther King, Jr.’s Birthday

February 15th, 2021 – Monday – Washington’s Birthday/Presidents Day

May 31st, 2021 – Monday –  Memorial Day

June 19th, 2021 – Saturday – Juneteenth Day

July 4th, 2021 – Sunday – Independence Day

September 6th, 2021 – Monday – Labor Day

October 11th, 2021 – Monday – Columbus Day

November 11th, 2021 – Thursday – Veterans Day

November 25th, 2021 -Thursday – Thanksgiving Day

December 25th, 2021 – Saturday – Christmas Day

 

2020 Bank Holidays

January 1, 2020 – Wednesday – New Year’s Day

January 20, 2020 – Monday – Martin Luther King, Jr.’s Birthday

February 17, 2020 – Monday – Washington’s Birthday/Presidents Day

May 25, 2020 – Monday – Memorial Day

July 4, 2020 – Saturday – Independence Day

September 7, 2020 – Monday – Labor Day

October 12, 2020 – Monday – Columbus Day

November 11, 2020 – Wednesday – Veterans Day

November 26, 2020 – Thursday – Thanksgiving Day

December 25, 2020 – Friday – Christmas Day

 

2019 Bank Holidays

January 1, 2019 – Tuesday – New Year’s Day

January 21, 2019 – Monday – Martin Luther King, Jr.’s Birthday

February 18, 2019 – Monday – Washington’s Birthday/Presidents Day

May 27, 2019 – Monday – Memorial Day

July 4, 2019 – Thursday – Independence Day

September 2, 2019 – Monday – Labor Day

October 14, 2019 – Monday – Columbus Day (Indigenous Peoples’ Day in some locations)

November 11, 2019 – Monday – Veterans Day

November 28, 2019 – Thursday – Thanksgiving Day

December 25, 2019 – Wednesday – Christmas Day

 

2018 Bank Holidays

January 1, 2018 – New Year’s Day

January 15, 2018 – Martin Luther King, Jr.’s Birthday

February 19, 2018 – Washington’s Birthday/Presidents Day

May 28, 2018 – Memorial Day

July 4, 2018 – Independence Day

September 3, 2018 – Labor Day

October 8, 2018 – Columbus Day (Indigenous Peoples’ Day in some locations)

November 12, 2018 – Veterans Day (Observed)

November 22, 2018 – Thanksgiving Day

December 25, 2018 – Christmas Day

 

Some banks will observe January 20, Inauguration Day, as an eleventh bank holiday for the year. Inauguration Day, a holiday every four years designated by Congress, is generally only recognized as a holiday by government employees and certain businesses in Washington, D.C. and its border counties in Virginia and Maryland. By designating the day as a holiday, congestion is eased for the swearing-in of a new president and vice-president. The last Inauguration Day was in 2021.

 

Is tomorrow a bank holiday?

Only if tomorrow is New Year’s Day, MLK Day, Presidents Day, Memorial Day, Juneteenth, 4th of July, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, Christmas Day, or if tomorrow is the observed day of one of these before-mentioned holidays.

 

If a bank holiday falls on a weekend, when is it observed?

As a general rule, when a bank holiday falls on a Saturday, it is observed the previous Friday. When a bank holiday falls on a Sunday, it is observed on the following Monday. In 2023 for example, the Fourth of July is on a Sunday and is observed Monday, July 5th. Veterans Day 2023 lands on a Saturday so it will be observed on Friday, November 10th, 2023.

 

Why do banks observe these holidays?

Federal Reserve Bank holidays mirror the schedule of federal holidays enacted by Congress. Generally, these holidays are days when various sectors of the U.S. population celebrate history, religion, and culture.

While they apply to the Federal Reserve Bank, there are no federally mandated holidays for the private banking sector. Some states require banks and other businesses to be closed on certain holidays.

 

Which banks observe these holidays?

All national and regional banks are closed on these federal bank holidays. This holds true for all the major financial service corporations, investment banks, and lenders, including Capital One, PNC, Wells Fargo, Bank of America, CitiBank, Chase, and Barclays.

 

How can I find my bank’s holiday schedule?

Whether you prefer online methods or in-person inquiries, knowing when your bank is closed for holidays can help you avoid any inconvenience in your banking needs. You can use the Banks.org bank holiday list above, or:

The first step is to visit your bank’s website or use their mobile app. After logging in, navigate to sections like ‘Customer Service,’ ‘Bank Information,’ or ‘About Us.’ These areas often have essential info, including holiday schedules.

If you prefer in-person banking or don’t use online banking services, you can visit your local bank branch. Inquire at the customer service desk about the holiday schedule. Often, banks display this information in their lobbies or at teller stations. You can also request a printed copy of the holiday schedule for your reference.

Regardless of how you access the holiday schedule, you should understand the listed dates. Note any special remarks, such as reduced operating hours or specific services unavailable on certain holidays. Be aware of regional differences, as some holidays may be observed differently in various locations. Additionally, if a holiday falls on a weekend, check to see if the bank observes it on a different day, such as the preceding Friday or the following Monday.

 

What banking can I still do on a bank holiday?

On bank holidays when the banks are closed, you will not be able to deposit or withdraw funds by visiting a teller at the branch. This means you will also not be able to buy a cashier’s check or money order or take a credit card advance through the teller. You will also usually not be able to talk to a live phone banker or pay bills with the same effective date as the holiday.

The good news is that, even if a bank is officially closed for a holiday, you should still be able to access information including your balance and recent transactions online through your bank’s website. Most banks now also offer mobile applications, so if you have downloaded and installed the bank’s app on your smartphone or tablet, you can do these same things on the go. If your current bank does not offer online or mobile banking, it might be a good idea to open a new savings account with a bank that does.

While you cannot visit a teller or phone banker, you should still be able to access funds or deposit checks through ATMs, deposit checks through mobile devices, schedule bill payments and access things like statements and copies of checks through your bank’s website or app.

 

What happens to checks and banks transfers on holidays?

During bank holidays, the processing of checks is put on hold. If you deposit a check just before or on a bank holiday, it won’t be processed until the next business day. This delay means that the funds from the check may not be available in your account as soon as you expect. Similarly, checks scheduled to be cleared on a bank holiday will be processed on the next working day, which could affect your cash flow if you’re expecting those funds.

Bank holidays also impact money transfers. Wire transfers and ACH transactions initiated just before or during a bank holiday will likely face processing delays. ACH transactions, commonly used for direct deposits and bill payments, may take an extra day or two to process if they coincide with a holiday. The same applies to wire transfers, which are usually immediate but can be delayed due to bank holidays. Remember these potential delays when planning time-sensitive payments.

 

What happens to credit card payments and loan payments on holidays?

If a credit card payment due date falls on a holiday when the bank does not accept or receive mailed payments, any mailed payment received by the bank before the cut-off time on the next business day is considered an on-time payment. Credit card companies can’t treat a payment as late if it’s received by 5 p.m. on the day it’s due, or the next business day if the due date is a holiday. Cardholders should confirm this policy with their credit card company to avoid any unexpected charges.

For loan payments, financial institutions cease regular operations on holidays which can delay transactions. This means transactions initiated on a bank holiday will not be processed until the next business day. For mailed loan payments, as long as it is received by 5 p.m. on the next business day after a holiday, it’s considered on time under federal law. For electronic payments, payments must be submitted before the holiday to avoid delays. Borrowers should do their best to make payments in advance if possible and check their loan agreement for the specifics on holiday-related payment processing.

 

Plan ahead to avoid disruptions

So, while bank holidays mean the bankers and tellers are not working, it may not mean much to the way you manage your account. Whenever you can, try to plan ahead so that any business you need to conduct with your bank takes bank holidays into account. That way, you can sit back, relax and enjoy the holiday along with your local bankers.