Monday, December 25, 2023, is Christmas Day. While most people spend that time with family or friends, some may want to tackle errands, like going to the bank. As a result, they may be wondering, “Are banks closed on Christmas Day 2023?” If you’d like to learn the answer to the question, here’s what you need to know.
Are Banks Closed on Christmas Day 2023?
Yes, banks are closed on Christmas Day 2023. Banks usually shut their doors on federal holidays, so customers won’t have access to teller services on Christmas. However, some online and automated phone services are often available, though transactions may not initiate until the next business day, which in 2023 is Tuesday, December 26. Additionally, ATMs not located in the locked parts of banks will operate on Christmas Day.
Are Credit Unions Closed on Christmas Day 2023?
Like banks, credit unions are closed on Christmas Day 2023. They also follow the federal holiday schedules, so you won’t be able to speak to a teller for information or assistance. However, online, ATM, and automated phone-based services may be available.
Bank and Credit Union Holiday Closures
Banks and credit unions usually close on federal holidays, making it easy to anticipate the closures. Here is a list of the days when banks and credit unions typically aren’t open:
- New Year’s Day
- Martin Luther King, Jr. Day
- President’s Day
- Memorial Day
- Juneteenth
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
Since banks and credit unions usually close on Sundays, they’re also incidentally closed on Easter, Mother’s Day, and Father’s Day. Similarly, since Christmas Eve and New Year’s Eve 2023 fall on Sundays, banks will be closed on them this year as well.
Do you ever wish that banks were open on Christmas Day, or has it never been an issue for you? Share your thoughts in the comments below.
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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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