Memorial Day is the day where Americans honor and remember he brave Americans who have lost their lives serving their country in the military. This year, Memorial Day will occur on May 31, 2021. If you know that you need to do some bank work ahead of time, check out our post on what banks are open to make sure you get things done.
Continue reading below to see which banks will be open or closed on Memorial Day.
Are Banks Closed On Memorial Day?
Most public services such as the post office, schools and libraries will be open because Memorial Day is not considered a federal holiday. However, the stock market will close on Memorial Day, so exchanges will not be trading.
Banks Closed On Memorial Day
As it is a major holiday, Memorial Day is also considered a bank holiday for the Federal Reserve System, Nasdaq, the New York Stock Exchange and most banks. Expect these banks to be closed:
- Ameris Bank
- Bank of America
- BBVA Bank
- BB&T
- Chase
- Citibank
- First Citizens Bank
- KeyBank
- M&T Bank
- PNC Bank
- Regions Bank
- Santander Bank
- SunTrust Bank
- UBank
- TD Bank
- Union Bank
- Wells Fargo
- Westfield Bank
- WSFS Bank
- Zions Bank
Upcoming Bank Holidays in 2021
The Federal Reserve System will observe the following holidays that take place after Memorial Day:
- July 4: Independence Day
- Sept. 6: Labor Day
- Oct. 11: Columbus Day
- Nov. 11: Veterans Day
- Nov. 25: Thanksgiving Day
- Dec. 25: Christmas Day
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Bottom Line
As mentioned, banks are going to be closed on Memorial Day, so if you need to get things done for this celebratory holiday, then you will need to do so before that day. Keep in mind that you may still want to call ahead of time to your local bank to see if they will be open. Review the list of banks that are closed to see if your bank is on there.
For more information on banking, check out our other banking guides right here on HMB!
