Are Banks Open On Memorial Day 2022?

There are eleven bank holidays throughout the year. On these days, banks close. Many other businesses and services close as well. However, it’s not always easy to keep track of which holidays are bank holidays. For example, are banks open on Memorial Day 2022?

What Are Bank Holidays?

There are eleven holidays throughout the year that the federal government has officially declared as nationwide holidays. These are days that our country recognizes for various reasons. They’re also often called bank holidays because banks close in recognition of these days.

11 Bank Holidays

The eleven bank holidays throughout the year are”

New Year’s Day
Martin Luther King Jr. Day
Washington’s Birthday
Memorial Day
Juneteenth National Independence Day
Independence Day
Labor Day
Columbus Day
Veterans Day
Thanksgiving
Christmas

Memorial Day Is a Bank Holiday

As you can see from the list, Memorial Day is one of the United States’ bank holidays. Therefore, that answers your question if you’re wondering, “are banks open on Memorial Day 2022?” Because it is a bank holiday, banks will close for Memorial Day.

Memorial Day is a Military Holiday

As you might have noticed, there are two different military-related holidays on the list of bank holidays. Memorial Day, in May, is the first one during the year. Veterans Day is closer to the end of the year. Memorial Day recognizes and honors those who died during military service. In contrast, Veterans Day honors and recognizes all veterans. The United States considers both of these sacrifices to be important enough to warrant federal holidays.

Are Banks Open on Memorial Day 2022?

As explained above, banks close for Memorial Day every year. Memorial Day is always on the last Monday of May. Therefore, the last weekend of the month is always a three-day weekend for banks. Stock markets, government services like mail delivery, and government and professional offices such as courthouses and libraries also close in recognition of the holiday.

Even TD Bank Closes for Memorial Day

Notably, not all banks close for every single bank holiday. Most of them do. However, certain banks, such as TD Bank, stay open for some of the holidays throughout the year. That said, TD Bank choses to close for Memorial Day. Therefore, if you’re used to your bank being open some holidays, you might want to double-check. It’s not likely they’re open on Monday, May 30, 2022.

Are Banks Closed The Whole Memorial Day Weekend?

Although recognized as a three-day weekend, this typically only applies to businesses that are already closed for business on Saturdays and Sundays. Therefore, if your bank has Saturday hours, chances are that they’ll remain open regular hours on the Saturday prior to Memorial Day.

When Will Banks Re-Open?

Bank holidays officially only last one day. Therefore, your bank will re-open for business as usual starting on Tuesday morning, the day after Memorial Day. Note that you can conduct online business and use ATMs on Memorial Day. However, many transactions won’t go through until business resumes the following day. For example, you might make an electronic funds transfer online; it probably won’t process until Tuesday.

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Kathryn Vercillo

Kathryn Vercillo is a professional writer who loves to live a balanced life. She appreciates a good work-life balance. She enjoys balance in her relationships and has worked hard to learn how to balance her finances to allow for a balanced life overall. Although she’s only blonde some of the time, she’s always striving for total balance. She’s excited to share what she’s learned with you and to discover more together along the way.