Are Banks Open on Labor Day?
No, banks are closed on Labor Day. Most banks are typically open on Mondays. In fact, it is usually a busy day for most banks because they have been closed for two days over the weekend. However, most banks observe federal holidays. Because of this, the majority of banks will be closed on Labor Day.
TD Bank is one of the larger banks that is known to be open on Federal holidays, however, Labor Day is not one of the holidays in which their doors will remain open. Their branches will be open on Sunday, September 2 for their regular Sunday hours.
There may be a few exceptions to this but most branches will be closed on Monday. If your bank is located in a retail outlet they may be open but you will want to call and confirm their hours.
Credit Unions Open on Labor Day
Credit unions are also closed on Labor Day. Credit unions are typically open on Mondays, just like banks. However, they observe federal holidays as well. Some local credit union branches may be open or have limited hours on Monday but most will be closed for the day.
Although there are no credit unions or banks open on Labor Day, you can still do most of your banking through the ATM or the bank’s website. These two services are always available for members of any bank or credit union.
Using these services, you can perform most basic banking functions using both. That being said, it should be noted that any transactions made by either of these methods may not be completed until the next business day. A good example of this would be depositing a check. If you deposit a check on a holiday, like Labor Day, the funds may not begin to be processed until the next business day, meaning they may not be available for withdrawal right away.
With the holiday landing on a Monday, and most banking institutions also closed on Sunday (there are a few exceptions), those who are in need of getting to the bank need to plan ahead this week or wait until Tuesday, September 4 when banks will revert back to their normal business hours.