| Credit: Wells Fargo |
MIAMI, Florida – Thanksgiving Day is observed on the fourth Thursday of November. In 2024, the fourth day Thursday of November falls on November 28, 2024.
Thanksgiving Day has been annually observed in the United States since 1863 when President Abraham Lincoln declared the holiday as the last Thursday in November.
In 1939, there were five Thursdays in November, so President Franklin D. Roosevelt changed the observance date to the fourth Thursday so that retailers would have more time to advertise their products before Christmas during the Great Depression.
President Roosevelt moved Thanksgiving back even further in 1940 and 1941 to the third Thursday in November.
Following an uproar over Roosevelt changing the Thanksgiving dates, the U.S. Congress passed a law setting the date permanently for the fourth Thursday in November which continues to the present day.
Most banks will be closed on Thanksgiving Day because it is a federal holiday and the Federal Reserve Bank is closed on Thanksgiving Day.
Because Thanksgiving 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 Friday, November 29, 2024, or later.
Most banks will be closed on Thanksgiving Day, Thursday, November 28, 2024, including Ally Bank, Bank of America, Capital One, Chase Bank, Citibank, Fifth Third Bank, HSBC, Huntington National Bank, PNC Bank, Regions Bank, SunTrust Bank, TD Bank, and Wells Fargo.
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