Monday, February 15, 2021, is President’s Day. Many of us like to get tasks such as banking done on Mondays. And it can be hard to remember which holidays banks close for. So you might find yourself wondering, “are banks open on President’s Day 2021?”
When Is President’s Day?
President’s Day is the third Monday in February each year. Historically, it used to always be on February 22nd, in commemoration of George Washington’s Birthday. However, the day later came to honor all past and current presidents. At that time, the date shifted. This was due in part to a desire for a three-day weekend holiday. So, now, President’s Day is that third February Monday. Since February 1st was on a Monday this year, President’s Day is earlier than usual. It’s 2/15/2021.
President’s Day Is a Federal Holiday
There are typically ten federal holidays per year. Although in 2021, there are actually 11 observed holidays because New Year’s Day 2022 will be observed on New Year’s Eve. In any case, these holidays, also called bank holidays, are the times of the year when federal government services shut down in recognition of particular events.
President’s Day is a federal holiday. Therefore, as with other federal holidays, services will close down. The idea is to recognize the contributions of our presidents. But whether or not you’re feeling patriotic, you’ll want to know what’s open and closed. On federal holidays, services that close include the stock market, post offices, and yes – banks.
Are Banks Open on President’s Day 2021?
So the answer to that question is: no, banks are not open on President’s Day 2021. All bank will close for the holiday. Likewise, credit unions are closed for President’s Day 2021. Therefore, if you have any banking to do, then you’ll want to make sure that you get it complete in advance of the three day weekend.
If you use a bank branch that is open on Saturdays, then your branch should have regular hours on Saturday, February 13th, 2021. If your bank isn’t open on weekends, then you’ll want to complete all banking activities by close of day on Friday, February 12th. Otherwise, you’re going to have to wait until Tuesday, February 16th, 2021 for banks to re-open. They will resume normal working hours at that time.
Banks Apps to Try During President’s Day 2021
Banks may be close during President’s Day 2021 but it does not mean your banking ends. Try signing up to these online banking apps for 24/7 online banking and also saving.
|Platform:||Fees to sign-up||Best for:|
|CIT Bank||Free||Wide range of Financial Services|
|Lending Tree||Free||Best for keeping an eye on credit score|
|BBVA||Free||Safe digital banking|
What Else Is Open / Closed on President’s Day 2021?
Being a federal holiday, government services will close for President’s Day. Some of the things that close include:
- The stock market and bond markets
- Post offices although you may be able to purchase stamps at places like convenience stores
- Courthouses and other government buildings
On the other hand, retail stores are usually open on President’s Day. In fact, many of them have President’s Day sales for you to take advantage of. Walmart and Target are two examples of large stores you can expect to have regular hours on President’s Day.
When Is The Next Federal Holiday?
If you find yourself wondering whether banks are open on President’s Day, then you’ll probably find yourself asking a similar question in May when Memorial Day rolls around. That day – May 31, 2021 – is the next federal holiday. Banks will close for that holiday. Between now and then, however, banks should have their regular hours.
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