New Year’s Day falls on a Friday this year, meaning many Americans will start 2016 off with a long weekend. Not having to work on New Year’s Day 2016 gives you the chance to rest up from parties the night before, spend time with loved ones and create a list of resolutions for the year ahead.
You might also want to run errands. But are banks open on New Year’s Day? Although most banks will be closed, a select few will be open. Find out which branches and in-store bank locations will be open on New Year’s Day.
Is New Year’s Day a Bank Holiday?
Since New Year’s is a federal holiday, post offices, many government entities and most banks will be closed for the day. The New York Stock Exchange, NASDAQ and SIFMA also operate on holiday bank hours and will be closed for the day as well.
Your local branch or in-store supermarket location will most likely be closed on New Year’s Day, but you can still access your account through online banking and mobile banking. Do note, however, that closures will probably cause a delay in the processing of any transactions you make. And of course, you can still access outdoor ATMs to make deposits or get cash during the holiday.
3 Banks Open on New Year’s Day
You’ll be pleased to hear that some financial institutions do actually have branch locations that will be open. Some banks open on New Year’s Day have adjusted holiday hours and every location might not be open, so check with your local branch first before making the trip.
The following are banks that will be open this New Year’s Day:
- U.S. Bank
- Wells Fargo
- PNC Bank: All branch locations and in-store branches will be closed, with the exception of the South Fayette Giant Eagle in Bridgeville, Penn., and the Waterfront Giant Eagle in Homestead, Penn.
Banks Closed on New Year’s Day
Most banks will not be open on New Year’s Day 2016, giving employees time to celebrate with family and friends. GOBankingRates confirmed the financial institutions below will not have any bank hours on New Year’s. The entire list of banks closed New Year’s Day is likely larger, so if yours isn’t included, be sure to call first before driving all the way to the branch.
- Bank of America
- Bank of the West
- BBVA Compass
- BMO Harris Bank
- Capital One
- Citizens Bank
- Comerica Bank
- Fifth Third Bank
- Huntington National Bank
- M&T Bank
- People’s United Bank
- Regions Bank
- SunTrust Bank
- TD Bank
- Union Bank
Most major banks are closed on New Year’s Day, but many hold standard operating hours on New Year’s Eve or at least have abbreviated hours, as it is not a federal holiday. If you have pertinent matters to take care of at the bank, try to make a trip prior to New Year’s Day.
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