Are Banks Open Or Closed On Memorial Day 2024? When Is Memorial Day?

Friday, May 17, 2024

Are Banks Open Or Closed On Memorial Day 2024? When Is Memorial Day?

Credit: Wells Fargo

MIAMI, Florida - Memorial Day, a day dedicated to honoring and remembering the military personnel who have passed away while serving their country, is observed on the last Monday of May.

When Is Memorial Day 2024?

In 2024, Memorial Day falls on Monday, May 27.

Is Memorial Day A Federal Holiday?

Memorial Day is a federal holiday in the United States for honoring and mourning the military personnel who have died while serving. The federal holiday is observed on the last Monday of May.

The first national observance of Memorial Day occurred on May 30, 1868 to honor the Union soldiers who had died in the Civil War.

Memorial Day continued to be observed on May 30th until 1971 when Congress changed the observance to the last Monday in May.

Are Banks Open Or Closed On Memorial Day 2024?

Most banks will be closed on because it is a federal holiday and the Federal Reserve Bank is closed on Memorial Day.

Memorial Day Bank Deposits

Also, because Memorial Day is a federal holiday, this can delay when bank deposits are credited to your account, depending on your bank’s holiday deposit schedule.

This includes deposits made by customers, payroll deposits, and other direct deposits such as Supplemental Security Income (SSI) deposits that may not be credited to some bank accounts until Tuesday, May 28, 2024, or later.

List of Banks Closed On Memorial Day 2024

Most banks will be closed on Memorial Day, Monday, May 27, 2024, including Ally Bank, Bank of America, Capital One, Chase Bank, CitiBank, Fifth Third Bank, HSBC, Huntington National Bank, PNC Bank, Regions Banks, SunTrust Bank, TD Bank, and Wells Fargo.

Is USPS Open On Memorial Day? Is Mail Delivered?

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