Are Banks Open Today? Federal Holiday Bank Closures

Christmas is right around the corner, and it can be difficult to figure out which businesses are going to be closed, especially banks. If you’re planning to deal with your personal finances on Christmas, you might be disappointed to see that your local bank is closed.

Banks are closed on Christmas, Wednesday, Dec. 25.

In 2024, there are 11 federal holidays observed by the Federal Reserve, which regulates the United States banking system. These bank closures could affect your banking activities and delay your funds. For example, if you deposit a check on Christmas, the funds may not become available until the next business day. Below is the complete list of bank holidays in 2024.

Bank Holidays 2024

If a holiday falls on a Saturday, the bank will still be open on the Friday before, but if a holiday occurs on a Sunday, the bank will be closed the following Monday.

Holiday Date
New Year’s Day Monday, Jan. 1
Martin Luther King Jr. Day Monday, Jan. 15
Presidents Day Monday, Feb. 19
Memorial Day Monday, May 27
Juneteenth National Independence Day Wednesday, June 19
Independence Day Thursday, July 4
Labor Day Monday, Sept. 2
Columbus Day Monday, Oct. 14
Veterans Day Monday, Nov. 11
Thanksgiving Thursday, Nov. 28
Christmas (Hanukkah also begins at sundown) Wednesday, Dec. 25

What Holidays Are Banks Open?

Most U.S. banks will be open on these holidays:

Holiday Date
Lincoln’s Birthday Monday, Feb. 12
Mardi Gras Tuesday, Feb. 13
Ash Wednesday Wednesday, Feb. 14
Purim Saturday evening, March 23
Holi Monday, March 25
Good Friday Friday, March 29
Eid al-Fitr Tuesday evening, April 9
Patriots’ Day Monday, April 15
Passover Monday evening, April 22
Rosh Hashanah Wednesday evening, Oct. 2
Yom Kippur Friday evening, Oct. 11
Halloween Thursday, Oct. 31
Diwali Friday, Nov. 1
Election Day Tuesday, Nov. 5
Black Friday Friday, Nov. 29
Christmas Eve Tuesday, Dec. 24
Kwanzaa Thursday, Dec. 26
New Year’s Eve Tuesday, Dec. 31

Most U.S. banks will be closed on these holidays because they fall on a Sunday:

Holiday Date
Orthodox Christmas Sunday, Jan. 7
Ramadan Sunday evening, March 10
St. Patrick’s Day Sunday, March 17
Easter Sunday, March 31
Eid al-Adha Sunday evening, June 16

[What Is the FDIC?]

Using an ATM on a Federal Bank Holiday

Although bank branches will be closed on a holiday, the ATMs will not. You will be able to check your account balance and make cash withdrawals. As a plus, some banks offer ATMs that are open 24 hours.

Paying a Bill on a Bank Holiday

If you have an automated bill payment that falls on a Federal Reserve holiday, the payment won’t process until the next business day, which can lead to extra fees if you miss the due date. All withdrawals will also be suspended on bank holidays. Make sure you plan ahead for bills that fall on these holidays so your payments post in time.

Alternatives to Banking on Federal Reserve Bank Holidays

Thankfully, most major banks have online accessibility when their brick-and-mortar locations are closed. This access makes it possible to do a lot of things on a bank holiday, such as deposit a check with your smartphone. However, the check likely won’t be processed until the next business day.

You will also be able to open up a bank account online during a bank holiday, including checking accounts, savings accounts, money market accounts or certificates of deposit.

If you need to send money to someone on a bank holiday, consider using a payment app, such as Venmo or PayPal, which allows you to send and receive money from people.

More from U.S. News

What Is Private Banking?

How to Wire Money

How to Cash a Check Without a Bank Account

Are Banks Open Today? Federal Holiday Bank Closures originally appeared on usnews.com

Update 12/17/24: This story was previously published at an earlier date and has been updated with new information.

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