2018 Bank Holidays
- January 1 (Monday): Banks are closed New Year’s Day.
- January 15 (Monday): Martin Luther King, Jr. Day is the second bank holiday of the year.
- February 19 (Monday): Most banks will be closed Presidents’ Day.
- March 30 (Friday): Banks are open Good Friday
- April 1 (Sunday): Banks are closed on Easter Sunday.
- May 25 (Monday): Banks will be closed Memorial Day.
- July 4 (Wednesday): Banks are closed on Independence Day.
- September 3 (Monday): Banks are closed Labor Day.
- October 8 (Monday): Columbus Day is another day the bank will remain closed.
- November 12 (Monday): Veterans’ Day falls on a Sunday this year, so banks will close on November 12 in observance of the holiday.
- November 22 (Thursday): Most banking institutions are closed Thanksgiving Day.
- December 24 (Monday): Many banks will close early on Christmas Eve.
- December 25 (Tuesday): There are no banks open on Christmas Day.
- December 31 (Monday): Some banks may close early on New Year’s Eve.
One holiday that will be a bit confusing in 2018 is Veterans Day. Because it lands on a Sunday, and since many federal employees don’t work on Sundays, Veterans Day is being observed as a federal holiday on Monday, November 12. This puts banks in a somewhat strange position because many do have their branches open on Saturday. As a result, most banks will be closed on the 3rd to observe the federal holiday, and also be closed the 4th on the actual holiday.
For anyone needing to use banking services, it’s important to remember that just because a bank or credit union branch is closed doesn’t mean you can’t do a lot of the basic banking functions. This applies to the holidays listed above, but also to Sunday when most banks are closed (with a few exceptions). There are several ways you can do basic banking including using bank ATM’s, mobile apps and the bank’s website.
While not all banking services can be done through these options, many of the basic ones can, which is something to keep in mind. If you do use these services, remember that any change you make may not immediately post to your account. For example, if you deposit a check, the check may not begin the clearing process until the next business day, meaning the funds from it may not be immediately available to you when the bank does open.
Staying on top of your finances also means staying on top of your bank accounts, which may mean a trip to the bank every now and then. Knowing what the bank holiday schedule is will help you with your financial planning and organization. Download a free printable schedule here.
For those who closely follow their investments, the stock market follows a similar holiday schedule as banking institutions. Find a stock market holiday schedule here.
Photo: John Loo