Is Presidents’ Day a bank holiday? One of 10 federal holidays observed in 2016, most banks and credit unions will be closed on Monday, February 15, but there are at least five major banks that will be open for business if you don’t want to do your banking by ATM or mobile app.
— Library of Congress (@librarycongress) February 12, 2016
According to Saving Advice, Presidents’ Day — otherwise known as Washington’s Birthday — is typically a day that federal offices (including the Federal Reserve) are closed. That means the United States Postal Service, the Internal Revenue Service, Social Security, and federal courthouses will be closed on Monday.
However, just because the Federal Reserve is closed, doesn’t mean all banks will be closed on Presidents’ Day. Years ago, very few businesses were open on federal holidays, but now that so many retail stores and restaurants remain open, some banks have decided skip the holiday so you can get your banking done whether you have the day off or not.
Which banks are open on President’s Day? Here’s a list of the banks that have confirmed they will be open on Monday and the banks Go Banking Rates states will be closed. It’s always a good idea to call ahead to make sure the branch near you is open — some locations may only be open special holiday hours on February 15.
If you live on the East Coast, TD Bank will be open all day on Monday, in addition to three other federal holidays (the birthday of Martin Luther King, Jr., Columbus Day, and Veterans Day). The bank has almost 1,300 branches with many locations in New England. Many TD Bank branches are open as late at 6 p.m. on Monday, but if you get there after closing time online and mobile banking is available 24/7.
Go Banking Rates reports that two other banks — U.S. Bank and Wells Fargo — will be open on Monday. Find a U.S. Bank location near you by entering your zip code here and find a full list of Wells Fargo branches here.
According to Saving Advice, PNC Bank’s grocery store branches will be open on February 15 and in-store branches of SunTrust Bank will be open as well.
The following banks will reportedly be closed on Monday, but there’s a possibility that in-store branches will be open — call ahead.
- Bank of America
- Bank of the West
- BBVA Compass
- Capital One
- Chase Bank
- Citizens Bank
- Fifth Third
- TD Bank
- Union Bank
- Washington Trust
If you belong to a credit union, chances are they will be closed on Presidents’ Day. Credit Unions Online reports that as a rule, credit unions are closed on all ten federal holidays, but some members may find in-store branches open at select Walmart and H-E-B stores.
— CNNMoney (@CNNMoney) February 12, 2016
Even if your bank is closed on Monday, you can use the ATM to get cash and your bank’s mobile app or online banking to do transfers, pay bills and check your balance.
Although the majority of banks, the stock market and government offices will be closed, there will be no shortage of things to do if you have the day off.
In addition to the five banks that will be open on Monday, most restaurants, grocery stores, retail stores (Walmart, Target, Best Buy), malls, car dealerships, and movie theaters will be open for business on Presidents Day.
So, shop ’til you drop, eat out, go bowling, buy a car, or go see a movie on Monday, or just stay home and catch up on your sleep.
[Photo by Spencer Platt/Getty Images]