What is a Bank Holiday?

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A bank holiday is a nationally-recognized holiday during which all banks are closed.  More generally, these days are known as federal holidays.  Banks and post offices do not open on federal holidays, along with many businesses.  Through the establishment of bank holidays, Americans can celebrate together and cherish the important moments in life with family and friends.

The Most Common Bank Holidays in America

New Year’s Day

New Year’s Day is one of the most notable national bank holidays.  Held on January 1st, this bank holiday affords people the opportunity to start the year in the presence of friends and family.

Martin Luther King Jr. Day

Martin Luther King Jr. Day is a national holiday that commemorates the civil rights contributions made by the late Dr. Martin Luther King Jr.  This holiday is held on the third Monday of January each year.

Memorial Day

Memorial Day began as a day of remembrance for all the soldiers lost in battle from the time of the Civil War.  This holiday is held on the third Monday of May.

Independence Day

Independence Day celebrates the birth of the United States as represented by the signing of the Declaration of Independence.  It is held yearly on July 4th.

Labor Day

Labor Day is the national celebration of our American workers; and the achievements of the national labor movement.  It is held on the first Monday in September.

Columbus Day

Columbus Day celebrates Christopher Columbus; and his discovery of the North American continent.  It is held on the second Monday in October.

Veterans Day

Veterans Day honors the many military veterans that served our country throughout its history, but in particular, those soldiers who fought in World War I and onward.  This holiday is held on November 11th every year.


Thanksgiving is a celebration of the autumn harvest and family.  It is held on the fourth Thursday in November.


Christmas is traditionally viewed as the birthday of Jesus Christ.  It is observed on December 25th for banks and post offices.