Whether you plan to host a potluck, take a road trip, listen to a concert, or simply spend time with family and friends, Memorial Day is sure to be an action-packed holiday weekend.
Memorial Day, which falls on May 27 this year, honors the sacrifices of America’s military personnel who gave their lives in service to our country.
Traditional holiday activities include memorial concerts, local parades and outdoor events. On Memorial Day at 3 p.m., Americans pause their activities to participate in a national moment of silence in memory of fallen soldiers.
Many businesses close for Memorial Day, and you may be out of luck at some of your local stores.
Because Memorial Day is a federal holiday, government agencies and services are closed on Mondays, including the United States Postal Service.
If you plan to make a financial transaction on Memorial Day, it is important to check your bank’s schedule for the holiday.
Here’s what you need to know about Memorial Day banking hours.
Are banks closed on Memorial Day?
Many banks and financial institutions are closed on May 27.
A majority of banks follow the Federal Reserve System’s standard holiday schedule.
According to their website, Federal Reserve banks and branches are closed on Memorial Day.
According to the New York Stock Exchange website, the stock market will also be closed for the federal holiday.
Even if a bank allows you to make a transaction on Memorial Day, chances are the transaction won’t be processed until the next business day. However, if you need to make an emergency transaction, ATMs will remain open during the holidays.
Will the banks be closed on different days in 2024?
Federal Reserve banks and branches are closed on federal holidays.
Here is a list of the remaining federal holidays in 2024:
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Memorial Day | Monday May 27
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Juneteen National Independence Day | Wednesday June 19
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independence Day | Thursday, July 4
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Labour Day | Monday September 2
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Columbus day | Monday October 14th
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Veterans Day | Monday November 11th
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Thanksgiving | Thursday November 28
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Christmas Day | Wednesday December 25
This article was originally published on TODAY.com
