We’ve all done it, needed to run last minute to the bank and wondered are banks open today? Having a bank holiday schedule can help you quickly know if a bank is open – and what to do if it isn’t.
Whether you’re looking to go to the bank for personal finance or business reasons, knowing when a bank is closed can help you make sure that a trip to the bank will not end in disappointment.
It’s also important to note that even if the bank is closed, there are some alternative ways to bank.
Because many banks have limited hours to mitigate against the coronavirus pandemic, knowing these additional options is especially important now.
This article will provide a detailed list of bank holidays and show you how to get banking services, even on a bank holiday.
Bank Holidays by Month
These are the bank holidays of 2021 for each month throughout the year observed by banks, credit unions, and the federal reserve system.
There are ten bank holidays in a year, which are also known as Federal holidays.
This year, bank holidays most often fall on a Monday or Friday, with a few exceptions, including Veterans Day and Thanksgiving Day, both of which fall on a Thursday.
One holiday falls on a Saturday – Christmas Day, and one holiday falls on a Sunday – 4th of July.
- January 1, 2021 – New Year’s Day (Friday)
- Monday January 18, 2021 – Martin Luther King Jr. Day
- Monday, February 15, 2021 – Washington Day (also known as Presidents’ Day)
- Monday, May 31, 2021 – Memorial Day
- Sunday, July 4, 2021 – Independence Day
- Monday September 6, 2021 – Labor Day
- Monday October 11, 2021 – Columbus Day
- Thursday November 11, 2021 – Veterans Day
- Thursday November 25, 2021 – Thanksgiving Day
- Saturday December 25, 2021 – Christmas Day
What Are Bank Holidays?
Bank holidays are days during which financial institutions such as banks and credit unions are closed. Bank holidays are different from public holidays since banks can still open on a public holiday, unless that public holiday also happens to be a bank holiday.
Some bank holidays have a fixed date – the holiday is celebrated on a particular date, regardless of the day of the week. An example of this is Christmas day. Christmas is always celebrated on 25th December, whether it falls on a Monday, Sunday, or any other day in between.
Some other bank holidays have a floating date, which means that the date will vary, but the day will not. An example of this is Martin Luther King Day.
Martin Luther King Day always falls on a Monday, but the date can vary between the 15th and the 21st of January.
Other Holidays to Keep In Mind
There are several other holidays in the US, such as state holidays, which are not considered bank holidays. Banks are usually open during non-bank holidays; however, there might be some exceptions in certain states.
- Wednesday, January 20, 2021 – Inauguration Day. This date is a federal holiday given to federal employees in Washington DC on the inauguration of a new president. As it commemorates the inauguration of a new president, it is only held once every four years.
- Friday, April 2, 2021 – Good Friday. A Christian holiday remembering the crucifixion of Christ. As the name suggests, it is held on the Friday preceding Easter. In some countries, such as the UK, Easter Monday is a bank holiday.
- Friday, November 26, 2021 – Black Friday. Black Friday is a day of sales and discounts celebrated on the Friday right after Thanksgiving. All banks usually open on this day (keep in mind that queues might be longer than usual).
- Friday, December 24, 2021 – Christmas Eve. While Christmas Eve is not a bank holiday, many banks across the US will work shorter hours.
- Friday, December 31, 2021 – New Year’s Eve. New Year’s Eve is not a bank holiday in the US. However, some banks might close earlier than usual on this day.
Banking hours differ from one bank to another. However, most will open Monday-Friday between 8:00 and 9:00 in the morning and close between 4:00 and 6:00 in the evening.
Some banks and credit unions also open on Saturdays; however, the hours are usually shorter.
Is the pandemic affecting banking hours?
The Coronavirus pandemic that hit us in 2020 still forces many to practice social distancing and lockdowns. In response, many banks have closed their branch doors to customers completely or opted to offer restricted hours and visits instead.
As the situation keeps changing (almost) daily, it is best to check your bank and branch before making the trip if you plan on visiting your local branch.
Here is what some of the major banks across the country are doing about safety and mitigation measures.
- Chase Bank: Face masks mandatory, and you must keep a minimum of 6 feet distance. The bank has also installed plexiglass.
- Wells Fargo: You must make an appointment with your branch since some lobbies have limited access
- Bank of America: You must wear a face mask or covering, with a limited number of people allowed at any given time, in line with CDC guidelines.
How To Get Bank Services On a Bank Holiday
Even if you need to bank on a bank holiday, several different options might be available to you.
Knowing what these are can help you make sure you get access to banking services, even if you can’t access all banking services this way.
One thing to keep in mind here is that some of these methods require some planning, such as internet and mobile banking, which may require you to opt-in.
The setup of such services might not be possible on a bank holiday, so take the time to set these up beforehand so that they are available when you need them the most.
In-store bank branches are, as the name suggests, bank branches located within a store.
While these special branches might not offer all the services you’d find in a regular bank, they still provide many essential banking services to get you through an emergency. These include:
- Check to cash
- Cash deposits and withdrawals
- Document notarization
- Checkbook ordering
- Cashier’s checks
- Loan officer
Do keep in mind that not all in-store branches offer all of these services, and some might even offer additional services.
To ensure that the in-store branch is open and offers the services you require, you might want to check the bank’s or the store’s website.
If they are closed or do not offer the service or services you need, do not give up yet. There are still more options that might be available to you.
Most banks and credit unions offer their customers online banking services. Typically, these can be accessed from any web browser on your computer and will provide you with access to your accounts right from the comfort of your own home.
In most cases, access is provided for free with your bank account; however, some banks do require you to opt-in for the service. There might be a verification process before you can log in for the first time – the process itself can differ from one bank to the next.
Online banking will typically provide some services, including the ability to check your balances, transfer funds between your accounts, and make ACH transfers.
Keep in mind that even if you make an ACH transfer during a bank holiday, the bank will not process the transfer while it’s closed. Some banks open with reduced hours on Saturday but are generally closed on Sunday.
Mobile Banking App
If you can’t use online banking for whatever reason, you might be able to use your bank’s mobile banking app.
You can typically download apps from the App Store if you have an apple device such as iPhone or iPad or the Google Play Store if you have an Android device.
Mobile banking apps have all of the features found in online banking. Usually, they will also include additional functionality such as mobile check deposit, which allows you to deposit checks right from your phone.
Even so, you need to remember that the bank will not process the check until it reopens.
If you do not have access to online banking or mobile banking, you can also go to an ATM.
Here, you’ll need to make sure that it’s a network ATM, that is to say, an ATM that belongs to your bank’s ATM network.
The services available at an ATM can change from one network to another but will typically include:
- Cash withdrawal
- Cash deposit
- Check deposit
- Funds transfer
- Check balances
Do keep in mind that you will need to have a debit card linked to your account to use an ATM. Debit cards are typically linked to a checking account.
However, some banks will also provide access to any savings accounts that you might have.
What holidays are banks closed in 2021?
Banks are closed on all bank holidays in 2021. This year, there are ten bank holidays, and we’ve listed them all above.
Are banks open on Christmas eve?
Christmas eve is actually not a bank holiday, and banks are typically open on this day. Most banks work reduced hours, so be sure to check your bank’s website if you are unsure.
Are banks open on New Year’s eve?
Just like Christmas eve, New Year’s eve is not a bank holiday, and as such, banks are open on this day.
Even so, most banks will work reduced hours on this day. Ensure you either check the bank’s website or give them a call if you are planning on visiting a branch.
Are banks open on Veterans Day?
Veterans Day is a bank holiday which means that banks will be closed. This year, Veterans Day will fall on Thursday, November 11th. Banks will be open the following business day, Friday, November 12th.
What to do if the bank isn’t open today
Online banks and online-only accounts have shown us that it is perfectly possible to bank without visiting a branch.
You can access your accounts 24/7, right from your computer or phone.
While such accounts might make bank opening hours irrelevant, some services such as safety boxes still require a visit to a physical branch.
One last thing to keep in mind is that even online banks might not offer support on a bank holiday.
As discussed earlier, banks might not process certain bank transfers until the next business day in which banks are open.
Even so, a little bit of planning can go a long way to help you ensure you do not miss any deadlines.