Presidents Day — still called Washington’s Birthday by the federal government — is celebrated on the third Monday in February. Although it’s a federal holiday, private banks can choose to be open or stay closed for customers’ banking needs.
Read on to see if your bank will be open for business this Presidents Day.
Is Presidents Day a Bank Holiday?
Presidents Day is a federal holiday and a bank holiday — but that doesn’t necessarily mean your local bank will shut its doors. It only means that the Federal Reserve System won’t open or make any transactions. Most banks follow the lead of the Federal Reserve and close on the 10 major federal holidays, including Presidents Day.
It’s a three-day weekend, so follow this guide, but also call your local branch ahead of time to confirm before you bank on the fact that they’ll be open when you need them. “Are banks closed today?” and “Are banks open tomorrow?” are two questions you’ll want to answer before you find yourself in a financial pinch on a holiday.
Banks Open on Presidents Day
Customers who bank at TD Bank are in luck. The bank opens for three federal holidays, including Presidents Day. In fact, it’s the only major bank currently announcing that its branches will remain open Feb. 19. For those who bank at Fifth Third Bank, although most branches will be closed on Presidents Day, many in-store locations will remain open.
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Banks Closed on Presidents Day
The vast majority of major regional and national banks are closed for Presidents Day, which falls on Feb. 19, 2018. The following banks have all confirmed that their branches will not be open.
Bank of America
Bank of the West
BBVA Compass Bank
BMO Harris Bank
Capital One Bank
First Citizens Bank
Huntington State Bank
People’s United Bank
Even if your bank is closed on Presidents Day, don’t panic. You can handle most transactions online, on your bank’s mobile app or through an ATM, many of which will allow you to withdraw cash and deposit money or checks on holidays. It’s also very likely that your bank will have representatives available to answer your call on its customer service line.
Keep in mind that it’s not just banks you have to worry about on Presidents Day: Federal and state agencies like Social Security offices and departments of motor vehicles often close. The good news is that retailers and entertainment venues like movie theaters and malls know that many people are not working and stay open for business.
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