Are All Banks Closed for Veterans Day?
Contents
What is Veterans Day?
Veterans Day is a federal holiday in the United States that is observed on November 11th every year. It is a day to honor and thank all military veterans who have served in the United States Armed Forces. The holiday was originally established as Armistice Day to commemorate the end of World War I, and was later renamed Veterans Day to include all American veterans.
Bank Holidays and Veterans Day
Banks in the United States typically follow a federal holiday schedule, which means that many banks are closed on Veterans Day. However, it’s not a blanket statement that all banks are closed on Veterans Day. While many banks observe the holiday and are closed, some may remain open or have limited hours.
Closed Banks on Veterans Day
Many major banks in the United States are closed on Veterans Day, including:
• Wells Fargo
• Bank of America
• Chase Bank
• Citi
• PNC Bank
• U.S. Bank
These banks typically close all their branches and operations on Veterans Day, including ATMs and online banking. You can check with your local bank to confirm their hours, but it’s likely that they will be closed.
Banks Open on Veterans Day
Some banks may remain open or have limited hours on Veterans Day, including:
• Credit Unions: Many credit unions are member-owned and may choose to remain open on Veterans Day. You can check with your local credit union to confirm their hours.
• Community Banks: Smaller, community banks may be more likely to remain open on Veterans Day, but it’s still best to check with your local branch.
• Online Banks: Online banks, like Ally Bank, Capital One 360, and Discover, are typically open 24/7 and do not follow a traditional holiday schedule. You can still access your accounts and conduct transactions online.
• ATM Networks: Many ATM networks, like AllPoint and MoneyPass, are open 24/7 and can be used to withdraw cash and conduct transactions.
Important Dates to Know
While Veterans Day is on November 11th, it’s important to note that banks may have different hours leading up to and following the holiday. Here are some important dates to keep in mind:
• November 10th: Some banks may close early or have limited hours on the Friday before Veterans Day.
• November 12th: Some banks may be open on the Monday following Veterans Day, but may have limited hours or closures.
Planning Ahead
To avoid any inconvenience on Veterans Day, it’s a good idea to plan ahead and take care of any financial transactions before the holiday. Here are some tips to keep in mind:
• Pay bills ahead of time: Make sure to pay any bills that are due on or around Veterans Day to avoid late fees.
• Withdraw cash: If you need cash, consider withdrawing it a day or two before the holiday to avoid any inconvenience.
• Use online banking: Take advantage of online banking to check your accounts, transfer funds, and pay bills without having to visit a physical bank branch.
Conclusion
While many banks are closed on Veterans Day, it’s not a blanket statement that all banks are closed. Some banks may remain open or have limited hours, and it’s always a good idea to plan ahead and take care of any financial transactions before the holiday. By knowing what to expect and planning accordingly, you can avoid any inconvenience and still honor and thank our nation’s military veterans on Veterans Day.
