The 4th of July is a holiday where many people get a day off of work to celebrate. However, since Independence Day falls on a Tuesday, some people may want to run errands. If you’re among them, you may be wondering, “Are banks closed on the 4th of July 2023?” If so, here’s everything you need to know.
Are Banks Closed on the 4th of July, 2023?
Yes, banks are closed on the 4th of July. While banks aren’t required to close on federal holidays, they classically do, including on Independence Day. As a result, you won’t be able to head to the bank on Tuesday, July 4, 2023, even though that’s a day of the week when banks are usually open.
Are Credit Unions Closed on the 4th of July, 2023?
Like banks, most credit unions close on federal holidays. Since that’s the case, expect them to close on Independence Day, even with the holiday falling on a Tuesday.
Banking Services Available on the 4th of July
While bank and credit union branches are primarily closed on the 4th of July, that doesn’t mean you can’t get some banking activities handled. ATMs located outside of secured branches are available, giving you a place for withdrawals, deposits, and transfers, as well as bill-paying services at locations that support them through kiosks. Additionally, online banking services are usually available. You can check balances, transfer funds, make deposits, and schedule bill payments.
Just be aware that some online or ATM activities may not start processing until the next business day. In this case, that means Wednesday, July 5, 2023. If you have an urgent matter, it’s best to head to the bank or credit union before the 4th of July, ensuring the transaction can start processing (and potentially complete) before the holiday.
2023 Bank and Credit Union Holiday Schedule
Every bank and credit union does have the option of setting its own holiday schedule, but most choose to follow the federal one. Since that’s the case, you can use the federal holiday schedule to predict bank and credit union closures.
Here is a list of 2023 bank and credit union holidays:
- New Year’s Day (Observed) – Monday, January 2
- Martin Luther King, Jr. Day – Monday, January 16
- President’s Day – Monday, February 20
- Memorial Day – Monday, May 29
- Juneteenth – Monday, June 19
- Independence Day – Tuesday, July 4
- Labor Day – Monday, September 4
- Columbus Day – Monday, October 9
- Veterans Day (Observed) – Friday, November 10
- Thanksgiving Day – Thursday, November 23
- Christmas Day – Monday, December 25
It’s also important to note that banks and credit unions typically close on Sundays. As a result, they’re coincidentally closed on Easter, Mother’s Day, and Father’s Day every year. During 2023, they’ll also incidentally be closed on Christmas Eve, as well as New Year’s Eve.
For banks and credit unions with Saturday hours, it’s possible they’ll close on the observed holiday for Veterans Day (Friday, November 10), actual Veterans Day (Saturday, November 11), or both. If a bank or credit union isn’t open on Saturdays, they’ll be closed on both days, too.
Have you ever needed to head to the back on a holiday only to find it was closed, or have holiday bank closures never been an issue? Do you think it makes sense that banks are closed on the 4th of July, or do you feel they should be open? Share your thoughts in the comments below.
Read More:
- What’s Open/Closed on the 4th of July 2023?
- Is Target Open on the 4th of July 2023?
- Is Costco Closed on the 4th of July 2023?
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Image and article originally from www.savingadvice.com. Read the original article here.