Are Banks Open Today? Federal Holiday Bank Closures | Banking Advice

Labor Day will be here soon, 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 Labor Day, you might be disappointed to see that your local bank is closed.

In 2023, 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 Labor Day, the funds may not become available until the next business day. Below is the complete list of bank holidays in 2023.

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.

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.

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.

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.

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

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