Wondering if your bank is open on a certain holiday? Here’s a schedule of holidays observed by the U.S. Federal Reserve System (FRS). Though not all banks must close on all federal holidays, many do. Therefore, check the federal reserve bank holidays calendar to see if your local bank branch is likely to be closed for a holiday.
If you need to see a banker in-person on a holiday, call ahead or check your bank’s website for details on holiday hours and closures. Even if your local bank branch is closed, you may still be able to access banking services online through its website, on its banking app, or calling its toll-free number.
With online banks like CIT Bank and Discover, you can’t transfer money to and from your account on holidays. However, you can still check your account.
U.S. Federal Reserve Bank Holidays 2019-2021
Holiday | 2019 | 2020 | 2021 |
New Year’s Day | Jan 1 | Jan 1 | Jan 1 |
Martin Luther King Jr. Day | Jan 21 | Jan 20 | Jan 18 |
Presidents Day/Washington’s Birthday | Feb 18 | Feb 17 | Feb 15 |
Memorial Day | May 27 | May 25 | May 31 |
Independence Day | Jul 4 | Jul 4* | Jul 4** |
Labor Day | Sept 2 | Sept 7 | Sept 6 |
Columbus Day | Oct 14 | Oct 12 | Oct 11 |
Veterans Day | Nov 11 | Nov 11 | Nov 11 |
Thanksgiving Day | Nov 28 | Nov 26 | Nov 25 |
Christmas Day | Dec 25 | Dec 25 | Dec 25* |
Holiday Observations
When a holiday falls on a weekend, the FRS treats the holiday in one of two ways:
*If the holiday falls on a Saturday, the FRS does not observe the holiday on the preceding Friday.
**If the holiday falls on a Sunday, the FRS observes the holiday on the subsequent Monday.
Author’s Verdict
Check the table above for federal bank holidays for this and the next couple of years. If you must go in-branch, call in or check your bank’s website to find out if they’re closed.
For those looking for a bank to open an account with, see our list of bank promotions to get an incentive for opening an account. Some of the most popular offers come from HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank and CIT Bank.
PROMOTIONAL LINK | OFFER | REVIEW |
HSBC Premier Checking Member FDIC | Up to $2,500 Cash | Review |
Chase Private Client | $3,000 Cash | Review |
U.S. Bank Business Checking | $900 Cash | Review |
U.S. Bank Business Checking | $400 Cash | Review |
Chase Business Complete Checking® | $300 Cash | Review |
KeyBank Key Smart Checking® | $300 Cash | Review |
Chase Total Checking® | $300 Cash | Review |
Chase College CheckingSM | $100 Cash | Review |
J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
Chase Secure BankingSM | $100 Cash | Review |
SoFi Checking and Savings Account | $325 Cash | Review |
Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
Huntington Bank Unlimited Business Checking | $400 Cash | Review |
Huntington Bank Business Checking 100 | $100 Cash | Review |
Fifth Third Bank Checking | $400 Cash | Review |
Axos Basic Business Checking | $400 Cash | Review |
Axos Business Interest Checking | $400 Cash | Review |
Axos Bank Business Premium Savings | $375 Cash | Review |
Leave a Reply