- Most banks follow the Federal Reserve System's holiday schedule.
- If you're part of an online bank, transactions won't go through 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, summer trips, ever-changing 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 Memorial Day?
Memorial Day is a federal holiday, so your bank will likely be closed.
Most brick-and-mortar banks close branches on Memorial Day, so you won't be able to visit your nearest location to receive in-person banking services.
If you need to access money from your bank account or make a deposit, you may still be able to visit any ATMs.
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.
*Note is 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.
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 cashback 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.
Junior Banking Reporter
Sophia Acevedo is a junior banking reporter at Insider who covers banking and savings for Personal Finance Insider. She joined Insider in July 2021 as a fellow for the Personal Finance Insider Reviews team. Before joining the Insider team, she was a freelancer based in Los Angeles and worked briefly in publishing. She also graduated from California State University Fullerton in 2020. You can reach out to her on Twitter at @sophieacvdo or send a quick email at email@example.com. Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>
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