Glossary
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Bank Holiday

Bank Holiday

What is a Bank Holiday?

A bank holiday is typically a business day where banks and other financial institutions are closed. The Federal Reserve and most United States financial institutions observe bank holidays and, if the holiday happens to fall on a weekend, the closure will extend to the following Monday.

When a bank holiday happens, typical bank features like ACH and wire transfers will be delayed and unavailable.

What days are Bank Holidays?

Each year, the exact date the bank holiday falls on may shift. The New York Federal Reserve website has trusted, up-to-date details on bank holidays.

  • New Year's Day (January)
  • Martin Luther King, Jr's Birthday (January)
  • Washington's Birthday (February)
  • Memorial Day (May)
  • Junteenth National Independence Day (June 19)
  • Independence Day (July 4)
  • Labor Day (September)
  • Columbus Day (October)
  • Veterans Day (November)
  • Thanksgiving Day (November)
  • Christmas Day (December)

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