Banks are usually closed on holidays designated by the U.S. Federal Reserve System. Therefore, it is important to know the dates of these holidays, and what day they fall on. In this post, we will provide you the complete list of Federal Reserve Bank Holidays for 2021.
Additionally, for your convenience, we will provide the list of Federal Reserve Bank Holidays for 2021 – 2025.
Also, we will discuss what you can do if your bank branch is closed due to a bank holiday.
Finally, we will list three other factors to consider about bank holidays.
This post will cover:
- Standard Federal Reserve Bank Holidays – 2021
- Standard Federal Reserve Bank Holidays – 2021 – 2025
- My Bank is Closed on a Holiday, What Can I do?
- Other Factors to consider regarding Bank Holidays
Standard Federal Reserve Bank Holidays Schedule – 2021
Here are the 2021 Federal Reserve Bank Holiday Schedule
New Year’s Day
Friday, January 1
Martin Luther King Jr. Day
Monday, January 18
President’s Day
Monday, February 15
Memorial Day
Monday, May 31
Independence Day
Monday, July 5 (Observed)
Labor Day
Monday, September 6
Columbus Day*
Monday, October 11
Veterans Day
Thursday, November 11
Thanksgiving Day
Thursday, November 25
Christmas Day
Saturday, December 25
Standard Federal Reserve Bank Holidays Schedule – 2021 – 2025
Here is a complete list of the Standard Federal Reserve bank holidays for 2021 – 2025.
| Holiday* | 2021 | 2022 | 2023 | 2024 | 2025 |
| New Year’s Day | January 1 | January 1* | January 1* | January 1 | January 1 |
| Martin Luther King Jr. Day | January 18 | January 17 | January 16 | January 15 | January 20 |
| Presidents Day | February 15 | February 21 | February 20 | February 19 | February 17 |
| Memorial Day | May 31 | May 30 | May 29 | May 27 | May 26 |
| Independence Day | July 4* | July 4 | July 4 | July 4 | July 4 |
| Labor Day | September 6 | September 5 | September 4 | September 2 | September 1 |
| Columbus Day | October 11 | October 10 | October 9 | October 14 | October 13 |
| Veterans Day | November 11 | November 11 | November 11* | November 11 | November 11 |
| Thanksgiving Day | November 25 | November 24 | November 23 | November 28 | November 27 |
| Christmas Day | December 25* | December 25* | December 25 | December 25 | December 25 |
*For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday. For holidays falling on Sunday, all Federal Reserve Banks and Branches will be closed the following Monday. Source – Federal Reserve.
My Bank is Closed on a Holiday, What Can I do?
Even if the brick-and-mortar branches are closed due to a holiday ATMs should be accessible.
Additionally, online and digital banking should remain open.
However, regardless of what America is celebrating that day, you still can transact routine banking business via your bank’s or credit union’s website or mobile app.
Furthermore, if you have an online account, you can:
- check balances
- pay bills
- move money between accounts
- deposit checks
Also, your bank may offer additional digital services; check its website for information.
COVID-19 Bank Closures and Hours
Another factor to keep in mind during the coronavirus pandemic is that many banks are restricting branch access even on regular business days.
Also, some bank branch locations have been temporarily closed.
Additionally, others may have limited hours, closed lobbies, or appointment-only service.
Therefore, before you head to the bank branch, check 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.
Other Factors to consider regarding Bank Holidays
Here are three other important factors to consider regarding bank holidays, according to the AARP.
Transaction Processing may take longer
The banking business you do online on a holiday will not start processing until the next business day.
Similarly, you should not include the holiday when trying to estimate when a transaction will be processed.
For example, if it usually takes 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 the Bank Holiday Falls on Matters
By law, five of the 10 Federal Reserve holidays — Martin Luther King Jr. Day; Washington’s Birthday, or 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.
If a Federal Bank holiday falls on a Sunday, it is observed on the following Monday.
However, if a Federal Bank holiday falls on a Saturday, the Fed does not observe it on the Friday before. Which means banks will be open that Friday.
There may be Additional Bank Holidays by states
Some states have distinct holidays of their own or observe holidays that are not on the federal calendar.
This includes Good Friday, the day after Thanksgiving or Christmas Eve.
Therefore bank branches in your state might close or operate with shorter hours on those days.
Bank Holidays Summary
We hope this post on Bank Holidays was helpful.
If you have further questions about Bank Holidays or Banking in general, please let us know in the comments section below.
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