Monday is a banking holiday only if a federal holiday falls on that day
Most Mondays are regular business days at banks. But if a federal holiday lands on Monday, or if a holiday observed on Monday falls on a different calendar date, then banks close that day. The key is knowing which holidays actually shut down banks—not all federal holidays do—and whether the bank you use observes the holiday on the calendar date or on the nearest weekday.
The federal holidays that close most banks are: New Year's Day (January 1), Martin Luther King Jr. Day (third Monday in January), Presidents' Day (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 (fourth Thursday in November), and Christmas (December 25).
Some banks also close on the day after Thanksgiving. A few banks in specific states close on state holidays that fall on Monday, but this varies by location and institution.
Key Takeaways
- Banks close on federal holidays, but not all federal holidays close banks—only the major ones listed by the Federal Reserve do.
- When a federal holiday falls on Monday, that Monday is a banking holiday and your bank will be closed.
- If a holiday falls on a weekend, banks usually observe it on the nearest weekday (Friday if it falls on Saturday, Monday if it falls on Sunday).
- Your specific bank may close on additional state or local holidays, so check your bank's holiday schedule before planning a Monday visit.
- ATMs and online banking work on banking holidays, but you cannot visit a branch, speak to a teller, or process certain transactions that require staff.
Which federal holidays actually close banks
The Federal Reserve publishes an official list of holidays when the banking system closes. These are the days when the Federal Reserve itself does not operate, which means most banks follow suit. The list includes the eleven holidays mentioned above, plus the day after Thanksgiving at some institutions.
Other federal holidays—such as Decoration Day observances, Indigenous Peoples' Day, or Juneteenth in years before it was federally recognized—do not automatically close banks nationwide. Some banks may close on these days if they choose to, but it is not standard. If you need to know whether your bank closes on a specific Monday, call the branch directly or check the bank's website for its holiday schedule.
How banks handle holidays that fall on weekends
When a federal holiday falls on Saturday, most banks close on Friday instead. When a holiday falls on Sunday, most banks close on Monday. This is called observing the holiday on the "nearest business day." For example, if Independence Day (July 4) falls on a Saturday, banks close on Friday, July 3. If it falls on a Sunday, banks close on Monday, July 5.
This matters for Monday specifically: if a holiday like Independence Day or Christmas falls on Sunday, your bank will be closed the following Monday. You should plan ahead if you need to deposit checks, withdraw cash, or handle other branch business that week.
How to find your bank's specific holiday schedule
The safest way to know whether your bank is closed on a specific Monday is to check your bank's website or call the branch. Most banks publish their holiday schedule online, usually under a "Hours" or "Holiday Schedule" page. Some banks also send holiday notices by email or mail to account holders.
If you bank at a large national chain like Bank of America, Chase, Wells Fargo, or Citibank, they follow the Federal Reserve's holiday schedule. If you bank at a credit union or a regional or community bank, check directly with them, because some observe additional state or local holidays.
What you can and cannot do on a banking holiday Monday
On a banking holiday, you cannot visit a branch, speak to a teller, or process transactions that require staff approval—such as opening a new account, applying for a loan, or resolving a dispute. You also cannot use the bank's phone line to reach customer service during normal hours, though some banks offer limited phone support on holidays.
You can still use ATMs to withdraw cash and deposit checks (though the deposit may not post until the next business day). You can also use online banking to transfer money between your own accounts, pay bills, or check your balance. Mobile banking apps work the same way. If you need to send a wire transfer or process a transaction that requires human review, you will have to wait until the bank reopens.
Planning ahead for Monday banking needs
If you know a Monday is a banking holiday, handle your banking the Friday before. Deposit checks, withdraw cash, and resolve any account issues while the branch is open. If you need to pay a bill on Monday, use online bill pay or your bank's app instead of visiting the branch.
If you are waiting for a deposit to post—such as a paycheck or a refund—remember that deposits made on a banking holiday will not post until the next business day. If you need the money on Monday, you may have to use an ATM or plan to access it on Tuesday instead.
State and local holidays that may close banks on Monday
A few states observe holidays that banks in those states may close for. For example, some banks in Texas close on Texas Independence Day (March 2), and some banks in Hawaii close on Kamehameha Day (June 11). These closures are not universal—they depend on the bank's location and policy.
If you live in a state with a significant state holiday and you bank locally, ask your branch whether they close on that day. If you bank at a national chain, they usually do not close for state holidays unless the state is where the branch is located.
Frequently Asked Questions
Will my bank be closed this coming Monday?
Check your bank's website or call the branch directly. Most banks publish their holiday schedule online. If no federal holiday falls on that Monday and your bank does not observe a state or local holiday, the branch will be open during normal hours.
Can I deposit a check on a banking holiday Monday?
You can deposit checks at an ATM on a banking holiday, but the deposit will not post to your account until the next business day. If you need the money to be available on Monday, deposit it on Friday instead.
What if I need cash on a Monday that is a banking holiday?
Use an ATM. ATMs work on banking holidays and weekends. You can withdraw cash anytime, though your bank may have daily withdrawal limits depending on your account type.
Do all banks close on the same federal holidays?
Most banks close on the eleven major federal holidays recognized by the Federal Reserve. However, credit unions and some regional banks may have different schedules. Check with your specific bank to be sure.
If a holiday falls on Sunday, is the bank closed on Monday?
Yes. When a federal holiday falls on Sunday, banks observe it on Monday. So if Christmas or Independence Day falls on a Sunday, your bank will be closed the following Monday.