Most banks close on Presidents Day, but some branches stay open
Yes, most banks in the United States close on Presidents Day (the third Monday in February). This is a federal holiday, and the Federal Reserve does not process payments that day. However, the answer depends on which bank you use and what you need to do.
Large national banks like Bank of America, Wells Fargo, Chase, and Citibank close their physical branches on Presidents Day. Credit unions typically close as well. Online banking platforms remain available — you can check your balance, transfer money between your own accounts, and set up future transactions. What you cannot do is deposit checks, withdraw cash, or speak to a teller.
Some smaller regional banks and credit unions may stay open, so contact your specific bank to confirm. A few banks operate limited weekend hours year-round and may have a branch open, though this is rare on federal holidays.
Key Takeaways
- Physical bank branches close on Presidents Day, but online banking and ATMs remain available.
- Checks deposited on Presidents Day will not clear until the next business day, even if you deposit them through an ATM or mobile app.
- Wire transfers and ACH payments do not process on Presidents Day, so plan transfers for the day before if you need the money to arrive on time.
- Contact your bank directly to confirm whether any of its branches have special hours on Presidents Day.
What you can and cannot do on Presidents Day
ATMs work 24/7, including on Presidents Day. You can withdraw cash, check your balance, and transfer money between your own accounts at an ATM without any interruption. Mobile banking apps also work normally — you can pay bills, send money to other people, and review transactions.
What stops on Presidents Day is anything that requires the Federal Reserve or your bank's processing center to be open. This includes depositing checks (even mobile check deposits will not clear until the next business day), wiring money to another bank, and ACH transfers (the electronic system banks use to move money between accounts at different institutions). If you need money to arrive at another bank by a specific date, initiate the transfer on Friday, not Monday.
If you have a refund coming by direct deposit and it is scheduled to arrive on Presidents Day, it will arrive on Tuesday instead. The same applies to payroll, government payments, and insurance refunds — anything that moves through the ACH system gets delayed by one day when it falls on a federal holiday.
Planning ahead for refunds and payments
If you are waiting for a tax refund, stimulus payment, insurance refund, or business refund that is scheduled to arrive around Presidents Day, expect it to land one business day later. The IRS, state tax agencies, and insurance companies all use the ACH system, which does not operate on federal holidays.
Check the expected arrival date on your refund status page or tracking information. If it says the money will arrive on Presidents Day itself, assume it will actually arrive on Tuesday. If you need the money by a specific date, contact the issuing agency (the IRS, your state tax department, or your insurance company) to confirm the actual delivery date.
For business refunds and vendor payments, the same rule applies. If you are expecting a refund from a supplier or owe a payment to a vendor, do not assume it will clear on Presidents Day. Build in an extra day when planning cash flow around this holiday.
How to learn about your specific bank is open
Call your bank's customer service number or check their website for Presidents Day hours. Most banks publish holiday schedules online, usually under a "Holiday Hours" or "Branch Locator" section. You can also visit your local branch in person the day before to ask.
If you bank with a credit union, check their website or call their main number. Credit union hours vary widely by institution, and some may have different schedules than national banks.
Online banks (banks with no physical branches) do not close on Presidents Day because there are no branches to close. However, their customer service phone lines may have reduced hours or be closed entirely. Check your bank's website for specific information about customer service availability.
What to do if you need cash or a service on Presidents Day
Use an ATM to withdraw cash. ATMs are available 24 hours a day, seven days a week, regardless of whether the bank is open. If you need a large amount of cash, withdraw it on Friday.
If you need to deposit a check and cannot wait until Tuesday, some banks allow mobile check deposits through their app. The check will not clear until Tuesday, but at least it will be in the system. If your bank does not offer mobile deposit, you will have to wait until Tuesday to visit a branch.
If you need to speak to someone at your bank about a problem, customer service lines may have limited hours or be closed. Try calling on Friday, or wait until Tuesday. For urgent issues, check whether your bank offers a 24-hour customer service line — some do, even on holidays.
Presidents Day dates for the next several years
| Year | Presidents Day Date |
|---|---|
| 2024 | February 19 |
| 2025 | February 17 |
| 2026 | February 16 |
| 2027 | February 15 |
| 2028 | February 21 |
Presidents Day is always the third Monday in February. Mark it on your calendar if you are expecting a refund or payment around that time, and plan any bank visits or transfers for the day before.
Frequently Asked Questions
Will my tax refund arrive on time if it is scheduled for Presidents Day?
No. If the IRS or your state tax agency shows an expected delivery date of Presidents Day, the refund will arrive on Tuesday instead. The ACH system that delivers direct deposits does not operate on federal holidays. Check your refund status online to see the expected date, and assume it will be one day later if it falls on Presidents Day.
Can I deposit a check at an ATM on Presidents Day?
Yes, you can deposit a check at an ATM on Presidents Day if your bank offers mobile or ATM deposit. However, the check will not clear until the next business day (Tuesday). If you need the money to be available on Presidents Day itself, this will not work.
Do online banks close on Presidents Day?
Online banks do not have physical branches, so they do not close. However, their customer service phone lines may have reduced hours or be unavailable. Check your bank's website for specific information about customer service availability on Presidents Day.
What if I need to wire money on Presidents Day?
Wire transfers do not process on Presidents Day. If you need money to arrive at another bank by a specific date, initiate the wire on Friday. Wires sent on Presidents Day will not process until Tuesday.
Are credit unions open on Presidents Day?
Most credit unions close on Presidents Day, but some may have limited hours. Contact your credit union directly to confirm. Credit union hours vary by institution, so do not assume they follow the same schedule as national banks.