Veterans Day is an important national holiday in the United States that honors the brave men and women who served in the military. Every year on November 11, people ask the same question: Are banks closed on Veterans Day? If you need to deposit a check, withdraw cash, or visit a branch, understanding bank schedules on this holiday is essential.
Veterans Day affects many services because it is a federal holiday, and banks follow federal regulations. This article explains everything clearly, using simple English and a reader-friendly style.
What Is Veterans Day?
Veterans Day is celebrated on November 11 every year. It honors all U.S. military veterans who have served the country. Since it is a federal holiday, most government offices, schools, and postal services operate on a limited schedule, which directly impacts banking services.
Are Banks Closed on Veterans Day?
Yes, banks are closed on Veterans Day. Most major banks follow the Federal Reserve holiday calendar, and because the Federal Reserve is closed, banks close their physical branches too. However, not all services stop; only in-person operations remain unavailable.
Banks that usually close on Veterans Day include:
- Chase Bank
- Wells Fargo
- Bank of America
- CitiBank
- PNC Bank
- TD Bank
- U.S. Bank
Even though these banks close their branches, online banking continues to work normally.
Why Are Banks Closed on Veterans Day?
Banks follow the Federal Reserve System, which decides national banking holidays. Since Veterans Day is on the Federal Reserve holiday list, banks also close their branches to maintain nationwide consistency. This ensures all banks follow the same rules and holiday schedule across the country.
What Banking Services Are Still Available?
Even if banks are closed on Veterans Day, you still have access to many services. Here are the options that remain available:
1. Online Banking
You can still:
- Transfer money
- Check your balance
- Pay bills
- View statements
Online services stay active 24/7, even during holidays.
2. Mobile Banking Apps
Most banks offer apps that allow you to:
- Deposit checks
- Track spending
- Receive alerts
- Freeze/unfreeze cards
These features work perfectly on Veterans Day.
3. ATMs
ATMs remain fully functional. You can withdraw money, check balance, or deposit cash at machines connected to your bank.
4. Customer Support (Limited)
Some banks offer:
- Phone support
- Chat support
However, waiting time may be longer because staff availability is limited during holidays.
What Services Are Not Available on Veterans Day?
Here are the services that are usually unavailable:
- In-person deposits
- Bank teller services
- Opening new accounts at the branch
- Loan appointments
- Safe deposit box access
All branch-based services stay closed.
How to Prepare for Veterans Day Banking
If you are planning any important banking task, use this simple step-by-step preparation guide:
Step 1: Check Your Bank’s Holiday Hours
Visit your bank’s website to confirm Veterans Day hours. Some smaller local banks may keep limited hours.
Step 2: Complete Important Transactions Early
Try to finish:
- Deposits
- Withdrawals
- Loan applications
before November 11.
Step 3: Keep Emergency Cash Ready
ATMs work, but it’s smart to keep a small amount of cash for emergencies.
Step 4: Use Online Banking
If you need quick transfers or balance checks, rely on mobile or online banking to save time.
Step 5: Plan Business Transactions in Advance
Business owners should process:
- Payroll
- Vendor payments
- Invoices
one day before the holiday to avoid delays.
Will Direct Deposits Be Delayed on Veterans Day?
Yes, direct deposits may be delayed because the Federal Reserve is closed. Deposits scheduled for November 11 will usually arrive on the next business day. This includes:
- Paychecks
- Government payments
- Social Security deposits
Are Credit Unions Closed on Veterans Day?
Most credit unions also follow the Federal Reserve calendar, so they close on Veterans Day. However, like banks, their apps, websites, and ATMs remain available.
Are Banks Open the Day After Veterans Day?
Yes, banks reopen the next day unless Veterans Day falls on a weekend. In that case:
- If Veterans Day is on Saturday, banks may close Friday or Saturday.
- If Veterans Day is on Sunday, banks close on Monday.
Always check your bank’s website to confirm.
FAQs: Are Banks Closed on Veterans Day?
1. Are banks closed on Veterans Day every year?
Yes, banks close every year on November 11 because it is a federal holiday.
2. Can I use an ATM on Veterans Day?
Yes, ATMs work normally nationwide.
3. Will my direct deposit arrive on Veterans Day?
Most direct deposits get delayed to the next business day.
4. Is online banking available on Veterans Day?
Yes, online and mobile banking services operate 24/7.
5. Are credit unions also closed on Veterans Day?
Yes, most credit unions close because they follow the same holiday rules as banks.
Conclusion
So, are banks closed on Veterans Day? Yes, most major banks close their branches because Veterans Day is a federal holiday. However, online banking, mobile apps, and ATMs remain accessible and fully functional. By planning ahead and knowing what services are available, you can avoid delays and manage your finances smoothly. Veterans Day is a time to honor military heroes, and understanding bank schedules helps you stay prepared without any stress.