When a holiday weekend rolls around, it’s easy to get caught up in the whirlwind of family gatherings, shopping, and decorating. Amidst the chaos, keeping track of bank closures can slip your mind. To help you plan ahead, we’ve compiled a list of bank holidays for 2024, along with tips on how to access your money when your bank is closed.
Do Banks Close on Federal Holidays?
Most banks in the United States follow the Federal Reserve System's holiday schedule, which means they close on federal holidays. This applies to both traditional brick-and-mortar banks and many online-only banks, although online banking platforms may continue to offer limited customer service on some holidays.
On these days, in-person banking services are unavailable, and transactions such as deposits, withdrawals, and transfers might not process until the next business day. However, automated services like ATMs will remain operational, allowing you to withdraw cash or deposit checks even when the bank is closed.
Bank Holidays in 2024
Here’s the full list of federal holidays in 2024 when most banks will be closed,
| Holiday | 2024 |
| New Year's Day | January 1 |
| Martin Luther King, Jr. Day | January 15 |
| Washington's Birthday (Presidents' Day) | February 19 |
| Memorial Day | May 27 |
| Juneteenth | June 19 |
| Fourth of July | July 4 |
| Labor Day | September 2 |
| Columbus Day | October 14 |
| Veterans Day | November 11 |
| Thanksgiving Day | November 28 |
| Christmas Day | December 25 |
• New Year's Day: Monday, January 1
• Martin Luther King, Jr. Day: Monday, January 15
• Washington's Birthday (Presidents' Day): Monday, February 19
• Memorial Day: Monday, May 27
• Juneteenth: Wednesday, June 19
• Fourth of July: Thursday, July 4
• Labor Day: Monday, September 2
• Columbus Day: Monday, October 14
• Veterans Day: Monday, November 11
• Thanksgiving Day: Thursday, November 28
• Christmas Day: Wednesday, December 25
Special Holiday Scheduling Notes
If a holiday falls on a Saturday, banks typically remain open on the preceding Friday.
If a holiday occurs on a Sunday, banks will usually close the following Monday.
What Happens to Transactions on Bank Holidays?
Bank holidays affect the processing of transactions. Whether you bank online or at a traditional branch, most transactions won't be processed on these days. For example, Ally Bank and Chime, both popular online banks, suspend transaction processing on federal holidays. Similarly, transactions at major banks like Chase, Wells Fargo, and Bank of America will be delayed until the next business day.
To avoid delays in payments or transfers, it’s a good idea to plan ahead and complete your banking tasks on the business day before the holiday.
How to Access Cash When Banks Are Closed
While bank branches may be closed on holidays, you can still access your funds in several ways,
1. ATMs: You can use your debit or ATM card at any ATM to withdraw cash, deposit checks, or check your account balance.
2. Cash Back at Stores: If you’re traveling or can’t find an in-network ATM, consider getting cash back during a purchase at a grocery store or retailer.
3. Mobile Banking: If you receive a check, you can deposit it using your bank's mobile app. Funds might not be available immediately, but it’s a convenient way to get the deposit started.
Frequently Asked Questions
Are banks open on Labor Day 2024?
No, banks are closed on Labor Day, which falls on Monday, September 2, 2024. This means no in-branch services will be available, and transactions will be delayed until the next business day. Plan to complete your banking before or after the holiday.
How do I find out if my bank is open on a holiday?
Most banks list their holiday schedules on their websites, often under FAQs or dedicated pages. If you can't find this information online, calling your nearest branch is a good idea to confirm their holiday hours.
Can I cash a personal check when banks are closed?
Yes, you can still cash a check during the holidays, but options may be limited. Some stores offer check-cashing services, or you can deposit the check at an ATM that supports check transactions. Alternatively, use your bank’s mobile deposit feature and withdraw funds from an ATM when they become available.
Staying on top of bank holiday schedules helps avoid delays and ensures you have access to your money when needed. Whether it’s through an ATM, mobile banking, or planning ahead, there are always ways to manage your finances even when your local branch is closed. Keep this guide handy, and you’ll be prepared for all of 2024’s bank holidays.
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