How to learn about this Monday is a bank holiday

The fastest way is to check the Federal Reserve's official holiday calendar at federalreserve.gov, which lists every day U.S. banks close. If Monday appears on that list, banks will be closed and you will not be able to do in-person banking, wire transfers, or ACH transactions that day. State and local banks sometimes observe different holidays than federal ones, so if you bank with a credit union or regional bank, call their customer service line to confirm.

You can also search "federal holidays 2024" or "federal holidays 2025" (depending on the current year) and look for the specific date. The U.S. Office of Personnel Management maintains a complete list at opm.gov. If Monday is not listed there, it is not a federal bank holiday, though your particular bank may still close for a state or local observance.

Key Takeaways

  • The Federal Reserve website shows every day U.S. banks close for federal holidays.
  • State and local banks may observe different holidays than federal ones, so call your bank directly if you are unsure.
  • Federal holidays that affect banking include New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas.
  • If a federal holiday falls on a weekend, banks typically close on the nearest weekday instead.

The federal holidays that close banks

Ten federal holidays close U.S. banks every year: New Year's Day (January 1), Birthday of Martin Luther King Jr. (third Monday in January), Washington's Birthday (third Monday in February), Memorial Day (last Monday in May), Juneteenth (June 19), Independence Day (July 4), Labor Day (first Monday in September), Columbus Day (second Monday in October), Veterans Day (November 11), Thanksgiving Day (fourth Thursday in November), and Christmas Day (December 25).

When a federal holiday falls on a Saturday, banks close on Friday instead. When it falls on a Sunday, banks close on Monday. This shift means that if you are waiting for a refund or payment to arrive on a holiday Monday, it will not post until the next business day.

Why bank holidays matter for refunds and payments

If you are expecting a tax refund, insurance refund, or government payment to arrive on a Monday that is a bank holiday, the deposit will not process that day. The money will sit in the sending agency's account until the next business day. This can shift your timeline by one to three days depending on which holiday falls and what day of the week it lands on.

Direct deposits scheduled for a bank holiday are typically held and post the next morning the bank reopens. Wire transfers and ACH payments also pause on bank holidays. If you are tracking a refund status and see it was sent on a Friday before a Monday holiday, expect it to land on Tuesday instead.

How to check your specific bank's holiday schedule

Call your bank's customer service number or log into your online banking portal and look for a holiday schedule or calendar. Many banks post their holiday closures on their website under "Hours" or "Locations." Credit unions and regional banks sometimes observe holidays that the Federal Reserve does not, so this step matters if you bank outside the major national chains.

If you are waiting for a payment and Monday is approaching, contact your bank now to confirm whether they will be open. If they will be closed, ask when the next business day is and whether deposits scheduled for Monday will post on Tuesday or later.

What you can still do on a bank holiday

Online banking, bill pay, and transfers between your own accounts usually work on bank holidays because they run on the bank's computer system, not through a teller or processing center. You can check your balance, move money between your accounts, and set up bill payments anytime. However, deposits, withdrawals, and transfers to other banks will not process until the next business day.

ATM withdrawals work on bank holidays as long as you have an ATM card. Checks you deposit on a Monday holiday will not clear until Tuesday at the earliest, and may take longer if the bank that issued the check is also closed.

Planning around bank holidays for refunds

If you are waiting for a tax refund, insurance refund, or business refund and you know a bank holiday is coming, add one extra day to your expected arrival date. The IRS and most insurance companies do not process refunds on federal holidays, so if your refund was supposed to arrive Monday and Monday is a bank holiday, it will arrive Tuesday or later instead.

Check the status of your refund through the sending agency's website or app before the holiday weekend. The IRS has a "Where's My Refund" tool, most insurance companies have a claims tracker, and state tax agencies have their own status pages. Knowing the current status before the holiday prevents confusion if the money does not arrive when you expected.

Frequently Asked Questions

Do all banks close on federal holidays?

Most do, but not all. Credit unions, online banks, and some regional banks may have different holiday schedules. Call your bank to confirm. The Federal Reserve's holiday list applies to the major banking system, but your specific bank may observe additional state or local holidays.

If a holiday is on Sunday, does the bank close Monday?

Yes. When a federal holiday falls on a Sunday, banks close on Monday instead. When it falls on Saturday, they close on Friday. This shift can delay refunds and payments by an extra day.

Can I deposit a check on a bank holiday?

You can deposit through an ATM or mobile app on a bank holiday, but the check will not clear until the next business day. In-person deposits at a teller window are not possible because the branch is closed.

Will my direct deposit post if the bank is closed?

No. Direct deposits scheduled for a bank holiday will post the next morning the bank reopens. If your refund or paycheck was supposed to arrive Monday and the bank is closed, it will arrive Tuesday instead.

How do I know if my bank observes a holiday that the Federal Reserve does not?

Call your bank's main number and ask about their holiday schedule, or check their website. Some banks close for state holidays like Thanksgiving Eve or the day after Thanksgiving, even though the Federal Reserve does not. Asking directly is the only way to be sure.