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Federal Bank Holidays 2020: Find Out if Your Branch Is Open

Even if it's closed, you can still use the ATM or online site

exterior of typical American town bank with a clock outside the door and a sign that says Evergreen National Bank

Lonely Planet Images / Getty Images

En español | Banks are not required to close on the holidays designated by the U.S. Federal Reserve System, but they usually do. That means your bank will probably not be open on Veterans Day, which falls on Wednesday, Nov. 11, 2020.

2020 Federal Reserve Bank Holiday Schedule

  • New Year's Day: Wednesday, Jan. 1
  • Martin Luther King Jr. Day: Monday, Jan. 20
  • Washington's Birthday/Presidents Day: Monday, Feb. 17
  • Memorial Day: Monday, May 25
  • Independence Day: Saturday, July 4
  • Labor Day: Monday, Sept. 7
  • Columbus Day: Monday, Oct. 12
  • Veterans Day: Wednesday, Nov. 11
  • Thanksgiving: Thursday, Nov. 26
  • Christmas: Friday, Dec. 25

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On these days, brick-and-mortar branches will likely be closed. (One notable exception among major banks is TD Bank, which opens on some federal holidays, including Veterans Day.) In-person services are not available: Tellers and other staff get the day off, and drive-through service is typically closed, too, unless it's automated. ATMs should be accessible.

Digital banking remains open, however, regardless of what America is celebrating that day. You can transact routine banking business via your bank's or credit union's website or app. If you have an online account, you can:

  • check balances
  • pay bills
  • move money between accounts
  • deposit checks

Your bank may offer additional digital services; check its website for information.

Keep in mind that during the coronavirus pandemic, many banks are restricting branch access even on regular business days. Some locations are temporarily closed; others may have limited hours, closed lobbies or appointment-only service. Check the branch locator on your bank's website, or call your local branch to find out about its operations.

Here are some other things to know about banking, or not banking, on holidays.

Processing may take longer

Electronic bank transfers are routed through the Federal Reserve, so they don't advance on holidays when the Federal Reserve is closed. (The same goes for weekends.) Thus, banking business you do online on a holiday will not start processing until the next business day. Similarly, if it typically takes, say, two or three business days for a check deposit to clear or for a payment to process, the holiday won't count toward those days.

The day of the week matters

By law, five of the 10 Federal Reserve holidays — Martin Luther King Jr. Day, Presidents Day, Memorial Day, Labor Day and Columbus Day — always take place on a Monday. The rest occur on fixed dates and periodically fall on a Sunday. In that instance, the Fed observes the holiday on the following Monday, and banks often do the same.

If a holiday falls on a Saturday, the Fed does not observe it on the Friday before.

Schedules may differ by state

Some states have distinct holidays of their own, or observe holidays that are not on the federal calendar, such as Good Friday, the day after Thanksgiving or Christmas Eve. Bank branches in your state might close or operate with shorter hours on those days.

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