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- Most banks follow the Federal Reserve System’s holiday schedule.
- If you’re part of an online bank, transactions aren’t processed on holidays.
- You can still use an ATM if you need to withdraw money or deposit a check on a holiday.
Once a holiday weekend comes around, everything can become a frantic rush — family gatherings, last-minute shopping trips, ever-changing holiday decorations. It’s easy to lose track of which days your bank is closed, but you also don’t want it to affect your day off if you need to access money in one of your bank accounts.
We’ve included a list of holidays when most banks close, plus alternatives for accessing cash if you need money quickly.
Are banks open on Christmas Eve?
Christmas Eve isn’t considered a bank holiday, so most banks and credit unions will remain open if they already operate on Saturdays.
If you bank with a brick-and-mortar financial institution, you may want to check your local branch hours, though. Several financial institutions have modified hours on Christmas Eve and close early. For example, GECU and VyStar Credit Union will be closing at noon on December 24.
Are banks open on Christmas Day?
Most banks and credit unions do not operate on Sundays, so they’ll already be closed.
If a financial institution is typically open on Sunday, it will be closed on December 25 to observe the holiday. For example, TD Bank branches will be closed on December 25.
Customer support may also be limited at some banks and credit unions if it’s usually available on a Sunday. Synovus Bank, for instance, doesn’t have customer care available on December 25.
Are banks open the Monday after Christmas?
When a holiday occurs on a Sunday, most banks and credit unions will be closed the following Monday. Since Christmas Day falls on a Sunday this year, most banks and credit unions will be closed on December 26.
Brick-and-mortar financial institutions, like Bank of America, Wells Fargo, and Regions Bank will not open branches on Monday. Online banks and fintech platforms with banking products, like Chime, NBKC Bank, and Discover Bank, will also be closed, which means any money-related transactions may not be processed on December 26.
Customer support may also be limited at some online and brick-and-mortar banks, but it’ll largely depend on where you bank. For example, Golden 1 Credit Union and Discover Bank member service contact centers will remain open during regular business hours, while First Citizens Bank has modified customer service hours.
Generally, your best option will be to handle any banking business before December 24 or wait until December 27.
Is Kwanzaa a bank holiday?
No, Kwanzaa isn’t considered a bank holiday. Kwanzaa isn’t included in the Federal Reserve System’s holiday schedule.
However, many financial institutions will be closed on December 26 in observance of Christmas Day.
When are banks closed?
Financial institutions close on federal holidays. Most have a holiday list on their website to let you know and prepare ahead of time.
Some brick-and-mortar banks like Bank of America and Wells Fargo have a list on the FAQ section of the website. Others, like TD Bank and Regions Bank, have separate pages with bank holiday schedules. During these holidays, brick-and-mortar banks will close all of their branches or modify their branch hours. Customer service hours may also vary depending on where you bank.
Online banks usually don’t have physical branch locations, but you still may be affected. When an online bank observes a holiday, transactions may be delayed until the next day.
Customer service availability will usually stay the same with online banks, but there are some exceptions. Capital One 360 offers customer service support for all holidays except the Fourth of July, Thanksgiving Day, Christmas Day, and New Year’s Day.
Most financial institutions follow the Federal Reserve System’s holiday schedule. Here is the holiday schedule for 2022 and 2023.
*Note that if a holiday falls on a Saturday, the bank will still be open on a Friday. But if a holiday occurs on a Sunday, the bank will be closed the following Monday.
Do transactions go through on bank holidays?
Most banking transactions don’t process on bank holidays, regardless of whether you use an online or brick-and-mortar bank.
Ally Bank, for instance, doesn’t let you make any money-related transactions on federal holidays. The online banking platform Chime also has a list of holidays when it can’t process direct deposits.
Transactions at brick-and-mortar banks like Chase, Wells Fargo, and Bank of America won’t be processed until the next business day. Business days are weekdays when branches are in operation.
So, instead of hinging on a lagging direct deposit, you may want to come up with a backup plan in case the transaction gets delayed.
Where can I get cash when banks are closed?
Branches are closed on federal holidays, but ATMs aren’t. If you have a debit or ATM card, you can still use a machine to take out cash during the holidays.
If you’re out of town, you can also use a debit card to get cash back at a store if you don’t have any free ATMs nearby. That way, you don’t have to pay an out-of-network ATM fee if your bank doesn’t reimburse charges.
How can I cash a personal check when banks are closed?
If you receive a personal check during the holidays, there are a few roundabout ways access to your money quickly.
You can cash the check out at a store if you need money in a pinch.
Some ATMs let you cash or deposit checks, but you may already need to have those funds in your account. If your bank’s ATM network doesn’t let you make check transactions, you can deposit the check using your bank’s online or mobile features, then cash your check out using an ATM.
Funds likely won’t be available right away, so this alternative works best if you prefer to have money safe in your account and don’t mind waiting a day or two.
