Banks and financial institutions typically follow the Federal Reserve System’s holiday schedule, closing on designated federal holidays. Most banks provide a holiday schedule on their website, often found in the FAQ section or a dedicated page detailing bank holidays and potential changes to branch hours or customer service availability. For online banks, transactions may be delayed on holidays, though customer service hours generally remain consistent. If a bank’s website doesn’t list holiday closures, contacting your local branch directly is recommended.
The Federal Reserve System’s holiday schedule outlines specific dates for closures. For 2025, these include New Year’s Day, Martin Luther King, Jr. Day, Washington’s Birthday, Memorial Day, Juneteenth, Fourth of July, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day. If a holiday falls on a Saturday, banks remain open on the preceding Friday; if it falls on a Sunday, banks close on the following Monday. The stock market generally aligns with bank closures, with some exceptions.
Most banking transactions, whether with online or traditional banks, are not processed on bank holidays. Transactions are typically delayed until the next business day. This delay applies to various institutions, including online banks like Ally Bank and Chime, as well as brick-and-mortar banks such as Chase, Wells Fargo, and Bank of America. Having alternative financial plans in place during holidays is advisable due to potential transaction delays.
While bank branches are closed on federal holidays, ATMs remain accessible. Using a debit or ATM card allows for cash withdrawals during these closures. If you are away from your usual bank, utilizing a debit card for cashback at a store can help avoid out-of-network ATM fees.
Cashing personal checks during bank holidays can require alternative approaches. Some options include cashing the check at a participating store, using an ATM that allows check transactions (if your bank supports this feature), or depositing the check via your bank’s online or mobile app and then withdrawing cash from an ATM. However, be aware that funds may not be immediately available with these methods.
Federal bank holidays are nationwide closures mandated by the Federal Reserve. State bank holidays, determined at the state or local level, can also lead to bank closures or reduced operating hours. Examples include Inauguration Day in Washington, D.C., or Patriot Day in Massachusetts. Credit unions might have a higher likelihood of closing on state holidays.
To determine if your bank is closed for a holiday, consulting their website is the most efficient method. Look for notices on the homepage or a dedicated holiday calendar. Alternatively, contacting their customer service line can confirm closure information and provide details about local branch hours.
A person smiling at the camera and wearing glasses.
Federal holidays impact bank operations, leading to closures and transaction delays. Planning alternative financial arrangements is recommended during these periods. Utilizing ATMs, cashback options, and online banking features can help mitigate inconveniences caused by holiday closures. Checking your bank’s website or contacting customer service remains the most reliable way to confirm holiday closures.
