2024 & 2025 Bank Holidays—What You Need to Know

Nov 8, 2022

Payment processing is critical for the U.S. economy.

Businesses, government, organizations, and consumers all rely on predictable cash flow to stay afloat. On bank holidays, payment processing and many other banking services paused as many banks and financial businesses do not operate.

Knowing the U.S. bank holidays in advance can help you plan deposits, payroll, withdrawals, and other banking and payment needs.

When Are Bank Holidays in the U.S.

In the U.S., bank holidays coincide with Federal holidays and are determined by the Federal Reserve. Some holidays fall on the same calendar day each year and others are on the same day of the week each year. For example, New Year’s Day is always on January 1 each year. However, Martin Luther King, Jr. Day is always on the third Monday of January.

Sometimes the actual holiday falls on the weekend. In those instances, the holiday is observed on the following Monday. For Saturday bank holidays, Federal Reserve Banks are open on the preceding Friday, but the Board of Governors is closed. When the bank holiday falls on a Sunday, all Federal Reserve offices are closed on the following Monday.

Bank Holidays in 2023, 2024, 2025, and 2026

The Federal Reserve announces bank holidays several years in advance, making it easier to plan.

Holiday 2023 2024 2025 2026
New Year’s Day January 1* January 1 January 1 January 1
Martin Luther King, Jr. Day January 16 January 15 January 20 January 19
Washington’s Birthday February 20 February 19 February 17 February 16
Memorial Day May 29 May 27 May 26 May 25
Juneteenth National Independence Day June 19 June 19 June 19 June 19
Independence Day July 4 July 4 July 4 July 4
Labor Day September 4 September 2 September 1 September 7
Columbus Day October 9 October 14 October 13 October 12
Veterans Day November 11** November 11 November 11 November 11
Thanksgiving Day November 23 November 28 November 27 November 26
Christmas Day December 25 December 25 December 25 December 25

* Banks will observe New Year’s Day on January 2, 2023

** Banks will be open on the Friday before Veterans Day 2023

How Bank Holidays Affect Payments

Payments processed over the ACH network, which facilitates bank to bank transfers, rely on the Federal Reserve. Because the Federal Reserve closes on bank holidays (and weekends), ACH payments won’t post on those days. The pause on payment processing could mean:

  • Payroll timing should be adjusted. For instance, your company may decide to run payroll early so employees receive their direct deposit before the holiday. Using a service like Gusto can help you track holidays against your payroll schedule.
  • Online payments made on a bank holiday may be deposited one business day later. You can explore expedited payment options like same-day ACH.

While physical bank branches are closed, ATMs and online banking services are still available.

What About Other Holidays?

You may have noticed that bank holidays don’t include every major holiday. Some states observe additional holidays and allow state banks to close on those days. In addition, The New York Stock Exchange observes additional holidays and closes early on certain days.

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