Need to do some last-minute banking on Christmas Eve? If you don’t make it to the bank early enough, you may find the doors closed, making an ATM will be your only option to get cash or make a deposit. Most banks and credit unions will close early on December 24 and remain closed on Christmas Day.
While retail stores like Walmart will remain open most of the day on Wednesday, most banks, including Chase, Wells Fargo, and Bank of America, will close between 2 p.m. and 3 p.m. — or earlier. Go Banking Rates reports that many banks are limiting their hours of operation on Christmas Eve to “allow their employees to also make necessary preparations and begin celebrating the holiday.”
According to The Holiday Schedule, Christmas Day — which is always celebrated on the 25th day of December — is a federal holiday, so that means banks will be closed all day. Not only banks are closed nationwide, but federal offices, schools, libraries, most state offices and the U.S. Post Office will shut down for the holiday and reopen for business on Friday.
The banks closed today??? Cause Ima be mad if I can’t get my lil Christmas money from my grandma them
— IG | daniellep._ (@daniellep__) December 24, 2014
Banks closing at 2 p.m. in most U.S. locations include Bank of America, BB&T, Citibank, Capital One, PNC Bank, SunTrust, and U.S. Bank. Some of the banks closing at 3 p.m. include HSBC, TD Bank, and Wells Fargo. This information is subject to change — it’s always best to call your local branch to find out if their hours have been changed.
If you don’t get to the bank by closing time on Tuesday, you will have to do your banking online and take cash out of an ATM. Most banks allow customers to transfer funds, pay bills and check their balance online or by using the bank’s smartphone app. Bank ATMs are available just about everywhere if you need cash to buy a last-minute Christmas gift — check with your bank to see which ones offer free withdrawals as there is usually a fee if you use an out-of-network ATM.
Savings Advice reports that banks will re-open the day after Christmas (December 26) for business as usual. If you have to do an important transaction at your local branch that can’t be done online or at an ATM, you will have to wait until Friday, December 26.