Are Banks Open Or Closed On Veteran’s Day 2024? When Is Veteran’s Day?

Sunday, November 10, 2024

Are Banks Open Or Closed On Veteran’s Day 2024? When Is Veteran’s Day?

Credit: Wells Fargo

When Is Veteran’s Day 2024?

Veteran’s Day is usually observed on the 11th day of November unless the 11th falls on a weekend.

This year, Veteran’s Day is on Monday, November 11, 2024.

Is Veteran’s Day A Federal Holiday?

Veterans Day originated as “Armistice Day” on November 11, 1919, the first anniversary marking the end of World War I.

The war officially ended when the Treaty of Versailles was signed on June 28, 1919, in the Palace of Versailles outside the town of Versailles, France.

However, fighting ceased seven months earlier when an armistice or temporary cessation of hostilities, between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month.

Congress passed a resolution in 1926 for an annual observance, and November 11 became a federal holiday beginning in 1938.

Armistice Day was primarily a day set aside to honor veterans of World War I, but in 1954, after World War II and American forces had fought aggression in Korea, Congress, at the urging of the veterans service organizations, amended the Act of 1938 by striking out the word “Armistice” and inserting in its place the word “Veterans.

President Dwight D. Eisenhower signed legislation in 1954 to change the name to Veterans Day as a way to honor those who served in all American wars.

Are Banks Open Or Closed On Veteran’s Day 2024?

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

Veteran’s Day Bank Deposits

Also, because Veteran’s 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, November 12, 2024, or later.

List of Banks Closed On Veteran’s Day 2024

Most banks will be closed on Veteran’s Day, Monday, November 11, 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.