How to learn about this Monday is a holiday
The fastest way is to check the U.S. Federal Reserve's official holiday calendar at federalreserve.gov — search for "holiday schedule" and look for the current year. The Fed publishes which Mondays will close banks nationwide. If you need to know today, you can also call your own bank's customer service line; they will tell you whether they are open Monday and why.
State and local holidays vary. A Monday might be a federal holiday (banks closed nationwide) but not observed by your state, or the reverse. Your bank's website or a quick phone call will clarify what applies to your branch.
If you are checking because you need to deposit a check, transfer money, or handle time-sensitive banking, knowing the holiday status matters for when funds will actually move. Deposits made on a holiday typically post the next business day.
Key Takeaways
- The Federal Reserve publishes the official list of Mondays when U.S. banks close for federal holidays each year.
- Your bank's website or customer service line can confirm whether your specific branch is open or closed this Monday.
- Federal holidays and state holidays are not always the same; a Monday might be a holiday in one state but not another.
- Deposits or transfers made on a bank holiday will process on the next business day, not immediately.
- The most common federal holidays that fall on Mondays are Memorial Day, Labor Day, and Presidents' Day.
Where to find the official federal holiday calendar
The U.S. Federal Reserve maintains the authoritative list of holidays that close the banking system. Visit federalreserve.gov, navigate to the "Banking Information" or "Holiday Schedule" section, and select the current year. You will see every Monday (and other day) marked as either a business day or a holiday closure.
The Office of Personnel Management (OPM) also publishes the federal holiday calendar at opm.gov. This list shows the 11 permanent federal holidays plus any additional holidays Congress declares. Both sources are identical for banking purposes.
If you cannot access a website, call your bank directly. Customer service can tell you in seconds whether Monday is a holiday and whether your branch will be open.
The difference between federal holidays and bank holidays
A federal holiday is a day the U.S. government recognizes officially. Banks close on all federal holidays. However, not every federal holiday closes every bank — some banks remain open on certain holidays depending on state law or company policy.
A bank holiday is any day a bank chooses to close, whether for a federal holiday, a state holiday, or a local event. Your bank might close on a day that is not a federal holiday if your state or city observes it.
The practical result: check your specific bank's schedule, not just the federal list. A Monday might be a federal holiday (meaning most banks nationwide close), but your credit union or regional bank might stay open. Conversely, your bank might close on a state holiday that is not federal.
Common Mondays that are federal holidays
Several federal holidays are observed on Mondays by law or by tradition. Memorial Day is always the last Monday in May. Labor Day is always the first Monday in September. Presidents' Day (officially Washington's Birthday) is always the third Monday in February.
Martin Luther King Jr. Day is always the third Monday in January. These four holidays close banks nationwide every year on their designated Monday.
Other federal holidays fall on fixed dates (like Independence Day on July 4 or Thanksgiving on the fourth Thursday in November), so they land on a Monday only some years. When they do, banks close.
What happens if you need to bank on a holiday Monday
Most banks offer online banking and mobile apps that work 24/7, even on holidays. You can transfer money between your own accounts, pay bills, or check balances without visiting a branch or calling.
If you need to deposit a physical check or withdraw cash, you will have to wait until Tuesday. Deposits made on a holiday Monday will not post until the next business day. If Tuesday is also a holiday (rare but possible), the deposit posts Wednesday.
ATMs at your bank usually work on holidays, so you can withdraw cash if you need it. Some banks charge a fee for out-of-network ATM use, so check your account terms.
How to plan ahead if Monday is a holiday
If you know Monday is a holiday and you need to handle banking, do it Friday instead. Deposits, transfers, and payments made Friday will process normally. This avoids any delay or confusion.
If you are expecting a direct deposit (paycheck, tax refund, government payment) and Monday is a holiday, the deposit will land Tuesday morning instead. Your employer or the government agency will still send it on schedule; the holiday just shifts when it appears in your account.
For bill payments, submit them by Friday if the due date is Monday or Tuesday. Most billers count a holiday as a non-business day, so a payment due Monday might not be considered late if it arrives Tuesday, but do not rely on this. Paying Friday removes all doubt.
State and local holidays that might close your bank
Some states observe holidays that are not federal. For example, some Southern states observe Confederate Memorial Day, and some Western states observe Pioneer Day. Banks in those states may close on those days even though they are not federal holidays.
A few cities observe local holidays (like Evacuation Day in Boston on March 17). Banks in those cities might close, but it is rare.
The only way to know for certain is to check your bank's website or call. The Federal Reserve list shows federal holidays only, not state or local ones.
Frequently Asked Questions
Will my direct deposit hit my account on a holiday Monday?
No. Direct deposits scheduled for a holiday Monday will land in your account on Tuesday morning instead. The employer or government agency sends the payment on schedule, but the banking system does not process it until the next business day.
Can I use my debit card or ATM on a bank holiday Monday?
Yes. ATMs work 24/7 on holidays, and debit cards work at any merchant. You can withdraw cash and make purchases. Online banking and bill pay also work on holidays. You just cannot visit a branch or speak to a teller.
If I deposit a check on Friday before a holiday Monday, when will it clear?
The check will post to your account by end of business Friday or early Saturday. The holiday Monday does not affect Friday deposits. Funds availability depends on your bank's policy and the check amount, typically one to three business days after posting.
What if my bank is open but the Federal Reserve is closed on Monday?
This is extremely rare. If it happens, your bank can still process routine transactions (deposits, withdrawals, transfers between your accounts). However, some services that depend on the Federal Reserve system (like wire transfers or clearing checks from other banks) may be delayed until Tuesday.
How do I know if my credit union is closed on Monday?
Credit unions follow the same federal holiday schedule as banks, but some may have different hours or closures. Check your credit union's website or call their main line. Many credit unions post holiday schedules prominently in January for the entire year.