Labor Day — held on Monday, Sept. 7 this year — is a day many people have off from work to celebrate the achievements of every American worker through the rest of the year. Many Americans will spend their Labor Day going to parades, barbecues and other special outings to mark the unofficial end of summer with a three-day weekend. Cash will come in handy on this day, so consumers might need to make a quick stop to their local bank branch or ATM for a withdrawal.
But, are banks open on Labor Day?
Are Banks Closed on Labor Day 2015?
Unfortunately, as one of the country’s most major bank holidays, banks are typically closed on Labor Day. This means that in-person transactions aren’t typically available. The stock market is also closed on Labor Day, as are many federal and local government offices, the U.S. Postal Service, schools and public libraries.
Bank of America, Chase and Other Major Banks Closed on Labor Day
Before assuming your bank is open and making a wasted trip to the bank, consult this list below as a reference for some of the major banks closed in observance of Labor Day. Banks closed on Labor Day 2015 include:
- Bank of America
- BBVA Compass Bank
- BMO Harris Bank
- Capital One
- Chase Bank
- Citizens Bank
- People’s United Bank
- PNC Bank
- Santander Bank
- Union Bank
- Wells Fargo Bank
Alternatives for Banking on Labor Day
Thankfully, plenty of other businesses are open on Labor Day this year, like most major retailers, grocery stores, malls, restaurants, pharmacies and gas stations. Although in-store bank branches aren’t open on Labor Day, customers have some options if they need to conduct any last-minute, important banking business that can’t wait:
- ATMs are still available 24/7, as are mobile and internet banking services.
- Paypal and mobile apps, like Venmo or Square Cash, are just a few peer-to-peer money-sharing services you can use if a reimbursement or payment is urgent.
- Point-of-sale locations, such as drug stores and supermarkets, often allow shoppers to add cash back onto their purchase.
As always, if there’s any doubt over your local independent bank or credit union’s hours of operation on Labor Day — or the financial institutions on this list — call them to verify.
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