Today, February 17, is Presidents Day 2020, or Washington’s Birthday. It is a national and federal holiday in the U.S. On federal holidays, federal services like banks may be affected, but are the banks open or closed on Presidents Day?
Presidents Day was made a federal holiday in 1885, when it was called Washington’s Birthday in honor of George Washington. Then, in 1971 the introduction of the Uniform Monday Holiday Act meant that every holiday would be celebrated on a Monday, and that’s when Washington’s Birthday became widely known as Presidents Day.
As Presidents Day 2020 is a federal holiday, the Federal Reserve Bank will be closed all day. Banks in the U.S. typically follow the holiday schedule of the Federal Reserve Bank, but there may be some differences.
Banks Closed on Presidents Day 2020
- American National Bank
- Bank of America
- Bank of the West
- Capital One Bank
- City National Bank
- Citizens Bank
- Comerica Bank
- Dollar Bank
- Eastern Bank
- Fidelity Bank
- First Citizens Bank
- First National Bank
- Kitsap Credit Union
- M&T Bank
- Navy Federal Credit Union
- People’s United Bank
- PNC Bank
- Regions Bank
- Sandy Spring Bank
- Santander Bank
- SunTrust Bank: Traditional locations will be closed but in-store branches will be open.
- UBank (formerly Huntington State Bank)
- Union Bank
- U.S. Bank: Some locations might be open, please check with your local branch.
- Wells Fargo
Are Banks Open on Presidents Day 2020?
While many banks will be closed, some in-store branches will be open and ATMs will function as usual. Additionally, mobile banking services will still be available to use on Presidents Day, as will customer service phone numbers.
In terms of branches, TD Banks are open on three federal holidays: Presidents Day, Columbus Day and Veterans Day. TD Banks is the only major banking chain that has announced that it will be open on Presidents Day.
What’s open on Presidents Day 2020?
Other public services could be affected by Presidents Day, such as schools and mail services. However, private businesses like restaurants, coffee shops, grocery stores and gyms typically remain open. Some stores even offer deals and discounts to celebrate Presidents Day and other national holidays.
The U.S. Federal and National Holidays
The federal holidays celebrated in the U.S. are New Year’s Day, Martin Luther King Jr. Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans’ Day, Thanksgiving, and Christmas.
Other major holidays that are widely celebrated but are not federal holidays are Valentine’s Day, St Patrick’s Day, Good Friday, Easter, Mother’s Day, Father’s Day, and Halloween.
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