Bank Holidays 2022: It might be difficult to not know which banks are open on holidays, especially if you need to deposit a check or inquire about a loan only to find that your branch is closed. Due to the fact that banks are independent businesses, they are free to determine when to stay open, including on Saturday and Sunday. However, almost all banks in the United States close on federal holidays.
Additionally, unique situations like the COVID-19 pandemic could force banks to close. Many banks have closed branches or put restrictions on when and how customers can visit a branch as a result of social distance laws put in place during the pandemic. The easiest approach to learn when a bank is open is to get in touch with the institution directly or visit its website.
The question of whether banks are open on Juneteenth, which President Biden declared a federal holiday, or which national holidays banks in the United States observe, may be on your mind. To learn more, continue reading.
Bank Holidays 2022 – Here’s Full List of All Bank Holidays
What National Holidays Are Also Bank Holidays?
Although each bank is free to create its own schedule, the majority abide by the U.S. Federal Reserve’s calendar of federal holidays, which lists the 10 federal holidays that are also bank holidays. Let’s take a short look:
- New Year’s Day
- Martin Luther King Jr. Day (Birthday of Martin Luther King Jr.)
- Presidents Day (Washington’s Birthday)
- Memorial Day
- Juneteenth
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
Even if the dates of the majority of holidays vary from year to year, you can count on your bank closing its physical locations on these days each year. New Year’s Day, which always falls on January 1, Juneteenth, Independence Day, Veterans Day, and Christmas Day (which is observed on December 25) are the exceptions.
On Christmas Eve and New Year’s Eve, some banks also shut down or have shortened business hours. Easter, another significant holiday, always falls on a Sunday, thus the majority of banks are already closed.
In the event that a holiday falls on a Saturday, banks normally close on the Friday before. Banks are closed the following Monday when a holiday falls on a Sunday.
On which holidays do banks close?
Here’s a short look at the holidays in 2022 through 2023 when the majority of banks will be closed, in case you’re wondering if any banks are open today:
| HOLIDAYS | BANK STATUS | 2022 | 2023 |
| New Year’s Day | Federal Reserve holiday; most U.S. banks will be closed | Saturday, Jan. 1 | Sunday, Jan. 1 |
| Orthodox Christmas | Not a Federal Reserve holiday; U.S. banks will be open | Friday, Jan. 7 | Saturday, Jan. 7 |
| Martin Luther King Jr. Day | Federal Reserve holiday; most U.S. banks will be closed | Monday, Jan. 17 | Monday, Jan. 16 |
| Presidents Day (Washington’s Birthday) | Federal Reserve holiday; most U.S. banks will be closed | Monday, Feb. 21 | Monday, Feb. 20 |
| Lincoln’s Birthday | Not a Federal Reserve holiday; U.S. banks will be open | Saturday, Feb. 12 | Sunday, Feb. 12 |
| Mardi Gras | Not a Federal Reserve holiday; U.S. banks will be open | Tuesday, March 1 | Tuesday, Feb. 21 |
| Ash Wednesday | Not a Federal Reserve holiday; U.S. banks will be open | Wednesday, March 2 | Wednesday, Feb. 22 |
| St. Patrick’s Day | Not a Federal Reserve holiday; U.S. banks will be open | Thursday, March 17 | Friday, March 17 |
| Purim | Not a Federal Reserve holiday; U.S. banks will be open | Friday, March 17 | Tuesday, March 7 |
| Passover | Not a Federal Reserve holiday; U.S. banks will be open | Saturday, April 16 | Thursday, April 13 |
| Holi | Not a Federal Reserve holiday; U.S. banks will be open | Saturday, March 19 | Wednesday, March 8 |
| Good Friday | Not a Federal Reserve holiday; U.S. banks will be open | Friday, April 15 | Friday, April 7 |
| Easter | Not a Federal Reserve holiday; because Easter falls on a Sunday, confirm with your bank | Sunday, April 17 | Sunday, April 9 |
| Ramadan | Not a Federal Reserve holiday; U.S. banks will be open | Saturday, April 2 | Wednesday, March 22 |
| Memorial Day | Federal Reserve holiday; most U.S. banks will be closed | Monday, May 30 | Monday, May 29 |
| Eid al-Fitr | Not a Federal Reserve holiday; U.S. banks will be open | Tuesday, May 3 | Saturday, April 22 |
| Juneteenth | Federal Reserve holiday; most U.S. banks will be closed | Sunday, June 19 | Monday, June 19 |
| Independence Day | Federal Reserve holiday; most U.S. banks will be closed | Monday, July 4 | Tuesday, July 4 |
| Eid al-Adha | Not a Federal Reserve holiday; U.S. banks will be open | Sunday, July 10 | Thursday, June 29 |
| Labor Day | Federal Reserve holiday; most U.S. banks will be closed | Monday, Sept. 5 | Monday, Sept. 4 |
| Patriot Day | Not a Federal Reserve holiday; U.S. banks will be open | Sunday, Sept. 11 | Monday, Sept. 11 |
| Rosh Hashanah | Not a Federal Reserve holiday; U.S. banks will be open | Sunday, Sept. 25 | Friday, Sept. 15 |
| Yom Kippur | Not a Federal Reserve holiday; U.S. banks will be open | Wednesday, Oct. 5 | Monday, Sept. 25 |
| Columbus Day | Federal Reserve holiday; most U.S. banks will be closed | Monday, Oct. 10 | Monday, Oct. 9 |
| Halloween | Not a Federal Reserve holiday; U.S. banks will be open | Monday, Oct. 31 | Tuesday, Oct. 31 |
| Diwali | Not a Federal Reserve holiday; U.S. banks will be open | Monday, Oct. 24 | Sunday, Nov. 12 |
| Election Day | Not a Federal Reserve holiday; U.S. banks will be open | Tuesday, Nov. 5 | Tuesday, Nov. 7 |
| Veterans Day | Federal Reserve holiday; most U.S. banks will be closed | Friday, Nov. 11 | Saturday, Nov. 11 (observed Friday, Nov. 10) |
| Thanksgiving Day | Federal Reserve holiday; most U.S. banks will be closed | Thursday, Nov. 24 | Thursday, Nov. 23 |
| Black Friday (day after Thanksgiving) | Not a Federal Reserve holiday; U.S. banks will be open | Friday, Nov. 25 | Friday, Nov. 24 |
| Hanukkah | Not a Federal Reserve holiday; U.S. banks will be open | Monday, Dec. 19 | Friday, Dec. 8 |
| Christmas Eve | Not a Federal Reserve holiday; call your bank to confirm hours | Saturday, Dec. 24 | Sunday, Dec. 24 |
| Christmas Day | Federal Reserve holiday; most U.S. banks will be closed | Sunday, Dec. 25 (observed Monday, Dec. 26) | Monday, Dec. 25 |
| Kwanzaa | Not a Federal Reserve holiday; U.S. banks will be open | Monday, Dec. 26 | Tuesday, Dec. 26 |
| New Year’s Eve | Not a Federal Reserve holiday; call your bank to confirm hours | Saturday, Dec. 31 | Sunday, Dec. 31 |
Banks are either open or closed on Juneteenth.
The law declaring Juneteenth a federal holiday was approved by President Joe Biden and will take effect right away. Federal employees will celebrate Juneteenth on a Monday in 2022 because it falls on June 19, a Sunday.
The majority of large banks will be closed on Monday, June 20, but open as usual on Friday. Banks and other federal agencies, as well as the financial services of the Federal Reserve, are open on Friday but will be closed on Monday in observance of the holiday.
According to Bloomberg, starting in 2022, Chase, Bank of America, and Wells Fargo will observe Juneteenth as a holiday.
If your bank is closed, what should you do?
Even if your bank branch is closed, there are still a few options for handling the majority of your financial requirements. The simplest approach is to log into your bank account online or utilise the bank’s mobile app. As a result of the popularity of online and mobile banking, many online-only banks now provide a comprehensive variety of products and services that enable you to perform the majority of the banking chores you could at a branch, such as money transfers and depositing funds.
Visit an ATM as an additional choice. Almost every machine will let you make withdrawals regardless of whether it is part of your bank’s ATM network, despite the fact that each one’s functionality varies. The majority of ATMs within your bank’s network as well as some outside of it allow you to make deposits.
Bank branches in grocery stores
Additionally, you can find out if certain branches are open on holidays by asking this question. When a bank has a branch within a grocery store, for instance, it frequently maintains the same hours as the shop, even when the majority of the bank’s other branches are closed. Therefore, see if there are any nearby stores that you can visit on bank holidays.
