Banks Shutting Down for Presidents Day? Here's What You Need to Do

Banks are closed on Presidents Day.

When a holiday weekend hits, things can get pretty hectic, right? Between family gatherings, last-minute shopping, and changing decorations, it's easy to lose track of which days your bank is closed. But don't worry, you can find out if your bank will be closed on a particular holiday by visiting arebanksopen.com or checking your bank's website.

For example, let's take Presidents' Day as an example. It's a bank holiday listed in the Federal Reserve System's holiday schedule, which means that most financial institutions will have closed branches on Monday, February 20, 2023. Yet, some banks like TD Bank will remain open.

If you're banking with an online bank or credit union, keep in mind that transactions may be delayed until the next business day. It's always a good idea to plan ahead and have some cash on hand in case you need it.

Banks close on federal holidays, and most have a holiday list on their website or in their FAQ section. So be sure to check that out so you can prepare ahead of time. During holidays, brick-and-mortar banks will close their branches or change their hours, and customer service hours may also vary depending on where you bank.

Presidents Day is an important federal holiday that celebrates the contributions of all past Presidents of the USA. While it can be an inconvenience to have banks and credit unions closed on the day, it’s important to remember that the holiday is a time to reflect on the sacrifices and accomplishments of our nation’s leaders. If you need to do any banking on Presidents Day, be sure to plan ahead and make alternative arrangements. And if you’re not sure whether your bank or credit union will be open on the day, don’t hesitate to check with them to avoid any potential surprises.