Thursday, November 23, 2023, is Thanksgiving Day. As a federal holiday, many businesses close their doors and give employees a day off. However, some companies may choose to open instead, and that can cause some confusion for anyone who hopes to run errands during the holiday. If you find yourself asking, “Are banks open on Thanksgiving Day 2023?” here’s everything you should know.
Are Banks Open on Thanksgiving Day 2023?
No, banks aren’t open on Thanksgiving Day. In most cases, financial institutions close on federal holidays, particularly major ones like Thanksgiving. As a result, teller services aren’t usually available, and you typically can’t reach a representative by phone.
However, automated and online services are available on the holiday. You can visit ATMs on the exterior of banks and conduct transactions online or through mobile apps. Just be aware that any transactions may not start processing until the next business day, which, in the case of Thanksgiving 2023, is Friday, November 24.
Are Credit Unions Open on Thanksgiving Day 2023?
No, credit unions aren’t open on Thanksgiving Day. Like banks, they usually follow the federal holiday schedule, so teller services won’t be available, and you won’t be able to reach a representative by phone. However, like banks, automated and online services are typically accessible during the holiday.
Bank and Credit Union 2023 Holiday Schedule
While financial institutions can technically set their own holiday schedules – as there are no laws dictating when they have to close – most follow highly similar ones. Generally, the bank and credit union holiday schedule aligns with the federal one. As a result, you can use that as a guide when determining whether a bank or credit union is likely to open.
Here is an overview of the bank and credit union 2023 holiday schedule:
- New Year’s Day (observed) – Monday, January 2, 2023
- Martin Luther King, Jr. Day – Monday, January 16, 2023
- President’s Day – Monday, February 20, 2023
- Memorial Day – Monday, May 29, 2023
- Juneteenth – Monday, June 19, 2023
- Independence Day – Tuesday, July 4, 2023
- Labor Day – Monday, September 4, 2023
- Columbus Day – Monday, October 9, 2023
- Veterans Day (observed) – Friday, November 10, 2023
- Thanksgiving Day – Thursday, November 23, 2023
- Christmas Day – Monday, December 25, 2023
It’s critical to note that banks and credit unions are also commonly closed on Easter, Mother’s Day, and Father’s Day. However, that’s largely coincidental. Financial institutions aren’t usually open on Sundays, so the closures on those holidays are typically related to the usual operating hours, not the holidays themselves.
Do you think banks and credit unions should open on Thanksgiving, or are the closures not an issue for you? Are you going to try to handle any errands on the holiday, or is spending time with family and friends your top priority? Share your thoughts in the comments below.
Read More:
- Save Money with These Frugal Thanksgiving Menu Ideas
- 8 Places to Get Free Turkeys for Thanksgiving
- Plan Your Feast with This Thanksgiving Dinner Printable Shopping List
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Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.
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