What Is a Bank Holiday?

A bank holiday is a business day during which financial institutions are closed. Bank holidays are most relevant for physical branch locations because many online banking services continue to operat🏅e.

The dates are major federal holidays when most financial institutions—stock exchanges, brokerage firms, and traders—also take the day off. Although rare, bank holidays can also be declared to prevent bank runs.

How a Bank Holiday Works

Each country defines its own bank holidays. In the United States, scheduled bank holidays do not necessarily coincide with 澳洲幸运5开奖号码历史查询:stock market or 澳洲幸运5开奖号码历史查询:capital market holidays. That is, certain stock exchange holidays are not recognized♏ as bank holidays.

However, most school, business, and stock exchange calendars reflect closures on bank holidays that are also major holidays, such as New Year's Day, Memorial Day, and Presidents Day. In 2023, according to the , bank holidays are as follows:

• Jan. 1 (New Year’s Day) - Observed on Jan. 2
• Jan. 16 (Martin Luther King Day)
• Feb. 20 (Washington's Birthday)
• May 29 (Memorial Day)
• June 19 (澳洲幸运5开奖号码历史查询:Juneteenth)
• July 4 (Independence Day)
• Sept. 4 (Labor Day)
• Oct. 9 (Indigenous People’s Day)
• Nov. 11 (Veterans Day) - Fall on a Saturday. Not observed.
• Nov. 23 (Thanksgiving Day)
• Dec. 25 (Christmas Day)

The 2023 澳洲幸运5开奖号码历史查询:New York Stock Exchange holiday calendar is similar, but note that the market closes early (at 1 p.m. EST) on Monday, July 3, and Friday, Nov. 24.

• Jan. 2 (New Year’s Day Observed)
• Jan. 16 (Martin Luther King Day)
• Feb. 20 (Washington's Birthday)
• April 7 (Good Friday)
• May 29 (Memorial Day)
• June 19 (Juneteenth)
• July 4 (Independence Day)**
• Sept. 6 (Labor Day)
• Nov. 23 (Thanksgiving Day)***
• Dec. 25 (Christmas Day)

** Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options). Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on these dates, and NYSE American Equities, NYSE Arca Equities, NYSE Chicago, and NYSE National late trading sessions will close at 5:00 pm. All times are Eastern Ti𒁃me.

*** Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options). Crossing Session orders will be accepted beginning at 1:00 p.m. for contin♎uous executions until 1:30 p.m. on these dates, and NYSE American Equities, NYSE Arca Equities, NYSE Chicago, and NYSE National late trading sessions will close at 5:00 pm. All times are Eastern Time.

Bank holidays do not incorporate early closes the way 澳洲幸运5开奖号码历史查询:stock exchange holidays do. Also keep in mind that if a holiday falls on a weekend, banks and stock exchanges close on the Friday before or the Monday after.

Special Considerations

Most online banking systems will still allow customers access, even on bank holidays. Popular online banking services include deposits, withdrawals, transfers, and bill payments (essentially, the majority of the basic transactions that an individual or retail customer would need throughout the day). It's important to point out that while you can make deposits on a bank holiday, they won't be added to your account as they normally would until the next regular business day.

Although it is a rare occurrence, a bank holiday can also refer to a day of an emergency bank closure to avert a bank run. This type of bank holiday originated as a result of the Emergency Banking Act of 1933 during the 澳洲幸运5开奖号码历史查询:Great Depression.