Are Banks Open on Columbus Day 2020?

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This year, Columbus Day, which is one of 10 federal holidays, falls on Monday, Oct. 12. Although it has been recognized as a federal holiday since 1971, Columbus Day is still a normal workday for much of the corporate world.

Since the early 1990s, there has been a push to rename the holiday to Indigenous Peoples Day. This proposed change acknowledges the presence of Native Americans before European colonialization and recognizes their history and culture. Today, 15 states and Washington, D.C., celebrate Native American or Indigenous Peoples Day, according to Smithsonian magazine.

You might want to find out whether your bank will be open for your financial needs. Take a look at this guide to bank hours on Columbus Day to help you plan ahead.

Are Banks Closed on Columbus Day 2020?

Whether you call it Columbus Day or Indigenous Peoples Day, one thing’s for sure: Oct. 12 is still a bank holiday for most banks. To avoid a wasted trip, verify your bank’s hours before heading to a branch. If your bank is not open, you can conduct online banking transactions or visit an ATM.

Banks Open on Columbus Day

Although most banks are closed on Columbus Day, the following banks will be open:

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Banks Closed on Columbus Day

Here are the major banks that close in observance of the holiday, so you can plan accordingly. If you bank with one of these financial institutions, you’ll most likely need to wait until Oct. 13 to get to a branch:

Banks Closed With Special State Exceptions

Some banks close for Columbus Day but keep certain branches open. See if your bank is one of these:

  • KeyBank: KeyBank branches in the state of Utah will be open, but all other branches will be closed.
  • U.S. Bank: Most U.S. Bank branch locations will be closed, but some branches may remain open at the discretion of the bank.

Although the regular branches of these banks will be closed Oct. 12, some customer service call centers will be open on Columbus Day — but it depends on the bank. Call your bank before the holiday to find out if you will be able to access your account via phone.

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Tips for Banking on Columbus Day

If your bank is closed, you can access your online banking account to check your balance, pay bills or transfer money. ATMs also remain open for the holiday, so you will still have access to your cash. Or you can just do your banking the preceding Friday.

Schedules are subject to change and may vary for individual branches.

This article has been updated with additional reporting since its original publication.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.

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