Bank Holidays 2020

Bank Holidays 2020

The Federal Reserve Bank offices are closed on Saturdays and Sundays and the following 2020 bank holidays. For holidays falling on Sunday, the Federal Reserve Bank will be closed the following Monday.

2020 Bank holidays falling on Saturday, Banks and Branches will be open the preceding Friday.

For 2020 bank holidays falling on Sunday, Banks and Branches will be closed the following Monday.

What Is A Bank Holiday?

A bank holiday is a business day during which financial institutions are closed. Bank holidays are most relevant for physical branch locations because many online banking services continue to operate.

The dates are major federal holidays when most financial institutions—stock exchanges, brokerage firms, and traders—also take the day off. Although rare, bank holidays can also be declared to prevent bank runs.

What are the 2020 Bank Holidays?

  • January 1 (New Year’s Day)

  • January 20 (Martin Luther King Day)

  • February 17 (Washington's Birthday)

  • May 25 (Memorial Day)

  • July 4 (Independence Day)

  • September 7 (Labor Day)

  • October 12 (Columbus Day)

  • November 11 (Veteran’s Day)

  • November 26 (Thanksgiving Day)

  • December 25 (Christmas Day)

Bank Holiday 2020 Exceptions

Most online banking systems will still allow access by customers, even on bank holidays. Popular online banking services include deposits, withdrawals, transfers, and bill payments (essentially, the majority of the basic transactions that an individual or retail customer would need throughout the day). It's important to point out that while you can make deposits on a bank holiday, they won't get added to your account as they normally would until the next regular business day.

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