The holiday season is a busy time, so you probably didn’t have a chance to run to the bank during the Christmas break. If you have some banking tasks to complete before the new year, you may be wondering, are banks open for New Year 2024? Here’s what you need to know.
Are Banks Open on New Year’s Eve 2024?
If you’re planning to use your holiday time to do some shopping, you might be wondering, are banks open on New Years? Despite being widely celebrated, New Year’s Eve is not actually a public holiday, so banks usually do not observe it. That said, your bank may close earlier that day or observe different hours.
Are Banks Open on New Year’s Day 2025?
Since New Year’s Day is a federal holiday, banks will be closed on Wednesday, January 1. So you will have to plan ahead and visit the bank on Tuesday, December 31, or wait until Thursday, January 2.
Don’t forget that some banks have limited hours on New Year’s Eve and may close in the afternoon. If you’re hoping to get your banking done by December 31st, make sure you do your homework early!
Instead use ATM or Online Banking
Fortunately, online banking services are still available even if your local branch is closed. You’ll still be able to complete important tasks like transferring funds and paying your bills on your bank’s website or mobile app during the break. However, keep in mind that transactions may not be processed until your bank reopens on January 2nd.
If you need to withdraw cash, you will probably be able to find an ATM that is still working. Most drive-thru ATMs are open 24/7 even when the bank itself is closed.
2025 Bank Holiday Schedule
If you’re wondering “Are banks open on New Year’s Eve,” you might also be curious about the entire holiday schedule for 2025. Next year, you can expect banks and credit unions to be closed on the following holidays:
- New Year’s Day – Wednesday, January 1
- Martin Luther King Jr. Day – Monday, January 20th
- President’s Day – Monday, February 17
- Memorial Day – Monday, May 26
- Twelfth National Independence Day – Thursday, June 19
- Independence Day – Friday, July 4th
- Labor Day – Monday, September 1st
- Columbus Day – Monday, October 13
- Veterans Day – Tuesday, November 11
- Thanksgiving – Thursday, November 27
- Christmas Day – Thursday, December 25
If the holiday falls on a weekend, banks will usually keep it on the previous or next business day. It should also be noted that some banks will have changed working hours on days surrounding the holiday. For example, some branches may choose to close early on Christmas Eve or New Years. Therefore, it is a good idea to check their hours in advance if you are planning to do certain activities.
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