When it comes to managing our finances, a common question that often arises is, “Are banks open today?” Whether you need to deposit a check, withdraw cash, or simply seek financial advice, it’s crucial to know whether your local bank branch is operating or not. To help you plan your financial activities ahead, here is a list of bank holidays in the United States for the calendar year 2023.
New Year’s Day – January 1st
The year begins with the widely celebrated New Year’s Day, and most banks across the United States remain closed on this day. It is a time for people to reflect, make resolutions, and spend time with loved ones. So, be sure to plan your banking needs accordingly.
Martin Luther King Jr. Day – January 16th
Observed on the third Monday of January, Martin Luther King Jr. Day is a federal holiday commemorating the life and achievements of civil rights leader Martin Luther King Jr. Banks typically close in honor of this occasion, allowing people to participate in various community activities or reflect on the history of the civil rights movement.
President’s Day – February 20th
President’s Day, observed on the third Monday of February, honors past American presidents, particularly George Washington, the country’s first president. While it is a day off for many Americans, including government offices and schools, most banks tend to remain closed during this public holiday as well.
Memorial Day – May 29th
Memorial Day is a time to honor and remember the men and women who died serving in the United States Armed Forces. Falling on the last Monday in May, this holiday is often associated with parades, barbecues, and other outdoor activities. As a result, banks typically close on Memorial Day, allowing their employees and customers to take part in commemorating the sacrifices made by military personnel.
Independence Day – July 4th
As the country celebrates Independence Day on July 4th, banks often join in the festivities by closing their doors for the day. This national holiday marks the adoption of the Declaration of Independence and is characterized by fireworks, cookouts, and time spent enjoying the company of friends and family.
Labor Day – September 4th
Labor Day, observed on the first Monday in September, commemorates the American labor movement and the contributions of workers to the country’s development and achievements. It is a chance to recognize the efforts of the American workforce, and consequently, many banks opt to close on this day.
Thanksgiving Day – November 23rd
Thanksgiving Day, celebrated on the fourth Thursday in November, is a holiday dedicated to gratitude and appreciation. Families gather to share a special meal together and reflect on their blessings. Banks across the nation usually remain closed to give their employees a chance to enjoy the day with loved ones.
Christmas Day – December 25th
Christmas Day is undoubtedly one of the most widely celebrated holidays globally, and in the United States, banks take part in the festive spirit by closing their doors. This day allows bank employees to spend time with family and loved ones, exchanging gifts and celebrating the holiday season.
It is important to note that some banks may have limited services available on certain holidays. For instance, automated teller machines (ATMs) can still be used for cash withdrawals and deposits, and online banking platforms may enable certain transactions. However, if your banking needs require assistance from a bank employee or access to safe deposit boxes, it is best to check your bank’s specific holiday policies.
Although this list covers the most common bank holidays observed across the United States in 2023, it is always wise to double-check with your local bank branch or by visiting their official website for any additional closures or modified schedules. Planning ahead can save you valuable time and ensure that your financial activities run smoothly throughout the year.