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U.S 2024 Bank Federal/State Holidays: Full List of Dates

Bank Holidays in the U.S for 2024

Table of Contents

What Are the Bank Holidays in the United States?

It is imperative to remain aware of the bank's operating hours amidst the daily chaos, particularly on holidays. Knowing when banks are open and closed is important for organizing financial transactions, such as managing online banking or taking out cash.

Every nation has some kind of public holiday. These are the days that we frequently overlook until they suddenly catch us off guard. It's like running into a friend or relative you haven't seen in a long time.

These are wonderful days when you can choose whether or not to work, get paid (at your employer's discretion), and receive additional pay if you choose to work!

The United States observes bank holidays.

Read more:

Full List of U.S 2024 Stock Market Holidays: Are NYSE and Nasdaq Open or Closed?

US 2024/2025 School Holidays: Full List of Dates, Federal/State Calendar

Full List of U.S 2024 Bank Federal Holiday Dates

Here are the list of US federal holidays that Americans recognise and celebrate as follow:

New Year’s Day: Monday, January 1

Birthday of Martin Luther King, Jr.: Monday, January 15

Presidents’ Day: Monday, February 19

Memorial Day: Monday, May 27

Juneteenth National Independence Day: Wednesday, June 19

Independence Day: Thursday, July 4

Labor Day: Monday, September 2

Indigenous Peoples’ Day (also observed as Columbus Day): Monday, October 14

Veterans Day: Monday, November 11

Thanksgiving Day: Thursday, November 28

Christmas Day: Wednesday, December 25

Other important days to note:

Valentine’s Day: Wednesday, February 14

St Patrick’s Day: Sunday, March 17

Good Friday: Friday, March 29

Easter: Sunday, March 31

Passover: Monday, April 22

Even though certain federal holidays are recognized by law, this does not imply that employees of private companies must take time off.

• Read more: The Complete List of American Public Holidays in 2024

U.S. Bank Federal Holidays in 2024: 11 Days

U.S 2024 Bank Federal/State Holidays: Full List of Dates
Full List of U.S 2024 Bank Federal Holiday Dates

Throughout the year, US Federal Reserve banks observe a number of holidays, on which they either close or operate on a modified schedule. The federal government and, occasionally, individual states designate these holidays. Everyone who uses banking services needs to be aware of these federal holidays.


• Traditional banking services may not be available during holidays, but online and mobile banking platforms can still be used for essential transactions.

• Federal Reserve banks and branches will be open on Friday before Saturday holidays, but the Board of Governors will be closed.

• Federal Reserve offices will close on Mondays for holidays that fall on Sundays.

1. New Year’s Day (holiday falls on) – January 1, 2024 (Monday):

As a federal public holiday, New Year's Day is celebrated to kick off the year. This is the day that all federal reserve banks are closed nationwide, so arrange your financial activities accordingly.

2. Martin Luther King, Jr. Day (The Birthday of Martin Luther King JR) – January 15, 2024 (Monday):

On the third Monday of January, the federal government observes Martin Luther King Jr. Day as a way of honoring his birthday. On Martin Luther King Jr. Day, banks observed a pause that affected their normal business operations.

3. Presidents’ Day – February 19, 2024 (Monday):

For Presidents' Day, banks modify their schedules as the country honors its leaders. On this federal holiday, expect bank closures or altered hours from the Federal Reserve.

4. Memorial Day – May 27, 2024 (Monday):

Memorial Day caused bank closures across the country as a mark of respect for those who gave their lives for their country. When organizing your financial activities, keep this in mind.

5. Juneteenth National Independence Day (Wednesday, June 19)

6. Independence Day – July 4, 2024 (Thursday):

On July 4th, banks close to commemorate the freedom of the country. If the federal holiday falls near the weekend, this closure might continue into the next day.

7. Labor Day – September 2, 2024 (Monday):

Labor Day affects how Federal Reserve banks operate by honoring the contributions of their workforce. Make sure to arrange your financial dealings.

8. Columbus Day – October 14, 2024 (Monday):

While some Federal Reserve banks may close or operate on a modified schedule on Columbus Day, not all of them do. Check the status of your particular federal bank today.

9. Veterans Day – November 11, 2024 (Monday):

Veterans Day may result in bank holiday hours or closures as a way to honor veterans. To find out if your local Federal Reserve bank is still open for business, contact them.

10. Thanksgiving Day – November 28, 2024 (Thursday):

Thanksgiving Day prompts bank closures in a spirit of thankfulness. It's wise to schedule your banking tasks for this holiday.

11. Christmas Day – December 25, 2024 (Wednesday):

Christmas Day brings festive cheer to the end of the year, as banks close nationwide. When planning the timing of financial tasks, keep this in mind.

U.S 2024 Bank State Holidays: Schedules May Differ by State

Certain states observe holidays that are not listed on the federal calendar, such as Good Friday (this year falling on March 29), Christmas Eve, or the day after Thanksgiving. On those days, bank branches in your state may close or have shortened hours.

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Processing might take longer

Electronic bank transfers go through the Federal Reserve, so they do not advance on holidays when the Fed is closed. (Same goes for weekends.) As a result, any banking transactions completed online on a holiday will not be processed until the following business day.

Similarly, if it usually takes two or three business days for a check deposit to clear or a payment to be processed, the holiday will not count towards those days.

The day of the week matters

Five of the 11 Federal Reserve holidays—Martin Luther King Jr. Day, Washington's Birthday/Presidents Day, Memorial Day, Labor Day, and Columbus Day—always fall on a Monday. The rest occur on set dates and occasionally fall on a Sunday. In that case, the Fed observes the holiday on the following Monday, and banks frequently do the same.

If a holiday falls on a Saturday, the Federal Reserve does not observe it on the preceding Friday.

FAQs About U.S Bank Holidays of 2024

What is considered a U.S. bank holiday?

The federal government or individual states usually declare a bank holiday in the United States, when banks close or operate on a modified schedule. These holidays may include additional dates that are observed by certain states, but they usually coincide with federal holidays.

Are bank holidays in the United States observed consistently by state?

State-specific holidays or differences in the observance of particular dates may exist, even though federal holidays are celebrated nationally. Knowing the federal and state holidays is a good idea, especially if you live in a state with unusual celebrations.

On holidays, why do banks close?

For a variety of reasons, such as compliance with national and local laws, cultural significance, and the requirement that staff members take time off, banks close on holidays. These shutdowns guarantee bank workers' ability to celebrate holidays and maintain a healthy work-life balance.

Are services for online banking still accessible on US bank holidays?

Many times, even when physical bank branches are closed, online banking services are still open. Through online and mobile banking platforms, customers can frequently handle their accounts, check balances, and complete necessary transactions. It is advised to inquire about specifics from your particular bank.

In 2024, will companies that are open on US bank holidays face penalties?

For businesses, including banks, that choose to stay open on US bank holidays, there are typically no federal penalties. But businesses also have to think about potential consumer demand, employee rights, and compliance with state laws. There may be state-specific labor laws governing employee scheduling and holiday pay.

On US bank holidays, should I anticipate closings at other financial institutions?

Indeed, not all financial institutions close on traditional bank holidays. Credit unions and post offices, for example, frequently observe bank holidays in the United States. It is best to inquire about a particular institution's holiday schedule and any potential changes.

How can I find out whether my bank is open on a given holiday?

You can check your bank’s official website, get in touch with customer service, or consult any correspondence the bank sends out to find out if they are open on a given holiday. Holiday hours for banks are posted on their physical branch doors and online banking portals.

Are there any other methods of conducting business on US bank holidays?

ATMs are frequently accessible for simple transactions even when bank branches are closed, in addition to internet banking. Additionally, a lot of banks provide phone support for customers, which may be available on holidays. It is advised to inquire about available alternatives with your particular bank.

When is President's Day in 2024, Washington's birthday?

Presidents Day, also known as Washington's Birthday, falls on February 19, 2024. Each year, on the third Monday in February, there are federal holidays observed to commemorate the birthdays of George Washington and Abraham Lincoln.

What date is 2024 Juneteenth National Independence Day?

Every year on June 19th, Juneteenth National Independence Day is celebrated. As a result, Juneteenth will fall on June 19 in 2024. This day honors the emancipation of African Americans who had been held as slaves in the US, a pivotal period in American history.

Do All Bank Holidays in 2024 Cause All Federal Reserve Offices to Close?

In 2024, all Federal Reserve offices will be closed on designated bank holidays in accordance with a standardized schedule. This closure guarantees a synchronized operation pause on these designated dates because it is consistent across different locations.

The closures coincide with the holidays observed by the larger financial system, which helps to maintain stability and effectiveness in the operation of financial markets.

In Conclusion

Banks are not mandated to cease operations on the holidays designated by the U.S. Federal Reserve System, however, they typically choose to do so.

In the dynamic realm of finance, being cognizant is your most valuable possession. By referring to this comprehensive compilation of U.S. bank holidays for the year 2024, you can strategically organize your schedule, preempt any potential disruptions, and guarantee that your monetary transactions coincide with your bank's designated working hours. Stay informed, stay prepared, and navigate the year with confidence in managing your finances effectively.

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