Next Monday, October 14, is a national holiday known as Columbus Day. Whenever you hear the words “corporate holiday” you start to wonder which facilities will be open or closed. Although many people do not celebrate this holiday, for example, many schools and businesses are closed. So you may be wondering, do banks open on Columbus Day?
Do Banks Open on Columbus Day?
No, banks are closed on Columbus Day. Generally, banks are open on Monday and it is usually one of the busiest days of the week for bankers. However, many banks are closed on federal holidays such as Columbus Day.
There may be a few exceptions to this rule. For example, if your bank is in a retail location, chances are it's open on Columbus Day. TD Bank is one of the largest branches that are usually open even on federal holidays. Some locations may be open on Monday and many will be open on Sunday, Oct. 13, normal business hours.
Do Credit Unions Open Columbus Day?
No, credit unions are closed on Columbus Day. Like banks, credit unions will also be closed on Monday. Although Monday is usually one of the busiest banking days, your credit union will likely be closed on this holiday.
However, there may be a few exceptions. Some credit unions may have limited vacation hours. If you're wondering about your branch's specific hours on Columbus Day, call ahead and confirm their hours.
Banking Services Available on Columbus Day
Even though many banks will be closed on Columbus Day, you will still be able to perform many banking activities using an ATM or the bank's website. These two services are usually available 365 days a year, 24 hours a day.
It is important to remember that any transaction made on a holiday may not be completed until the next business day. For example, if you deposit a check at an ATM on Monday it may not post until Tuesday.
Since most banking institutions are closed on Sunday (with a few exceptions) and banks are closed on Columbus Day, you'll need to plan ahead or make sure your banking needs can wait until Tuesday, Oct. 15.
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