The holiday season is a busy time, so you probably didn’t have a chance to run to the bank over Christmas break. If you have some in-person banking tasks to finish up before the new year, you may be wondering, are banks open on New Year’s Eve 2023? Here’s what you need to know.
Are Banks Open on New Year’s Eve 2023?
If you’re planning to use your holiday time off to run some errands, you may be wondering, are banks open on New Year’s Eve 2023? Unfortunately, the majority of banks will be closed on New Year’s Eve this year, but not because of the holiday. Despite being widely celebrated, New Year’s Eve isn’t actually a federal holiday, so banks usually don’t observe it.
Banks Are Usually Closed on Sundays
Financial institutions typically close on 11 federal holidays throughout the year, and New Year’s Eve isn’t one of them. However, because NYE falls on a Sunday this year, you won’t be able to access in-person banking services. Most banks and credit unions are only open during regular business hours on weekdays. Financial institutions usually shut down early on Saturdays and close their doors completely on Sundays.
Although the majority of banks are closed on Sundays, a handful might be open. Select TD Bank, Chase, and Bank of America locations may operate on a limited schedule on Sundays. Additionally, bank branches located inside grocery stores are sometimes open on Sundays. However, make sure you call to confirm that the branch you’re hoping to visit is open on Sundays, especially if you’re planning to head there on New Year’s Eve.
Are Banks Open on New Year’s Day 2024?
Since New Year’s Day is a federal holiday, banks will also be closed on Monday, January 1st. So you’ll either have to plan ahead and visit the bank on Saturday, December 30th or wait until Tuesday, January 2nd.
Don’t forget that banks often have limited hours on Saturdays and may close in the early afternoon. If you’re hoping to finish up your banking tasks on December 30th, make sure you run your errands early enough!
Use the ATM or Online Banking Instead
Luckily online banking services are still available even when your local branch is closed. You’ll still be able to complete important tasks like transferring funds and paying your bills on your bank’s website or mobile app during the holiday break. However, keep in mind that transactions might not process until your bank reopens on January 2nd.
If you need to withdraw cash, you’ll probably be able to find an ATM that’s still in service. Many drive-thru ATMs are open 24/7 even when the bank itself is closed.
2024 Holiday Bank Schedule
If you’re wondering “are banks open on New Year’s Eve,” you may also be curious about the entire 2024 holiday schedule. In the year ahead, you can expect banks and credit unions to be closed on the following federal holidays:
New Year’s Day – Monday, January 1
Martin Luther King Jr. Day – Monday, January 15
Presidents Day – Monday, February 19
Memorial Day – Monday, May 27
Juneteenth National Independence Day – Wednesday, June 19
Independence Day – Thursday, July 4
Labor Day – Monday, September 2
Columbus Day – Monday, October 14
Veterans Day – Monday, November 11
Thanksgiving – Thursday, November 28
Christmas Day – Wednesday, December 25
If a holiday falls on a weekend, banks will often observe it on the preceding or following business day instead.
What do you think about bank holidays? Are they easy enough to plan around or an inconvenience? Let us know in the comments.
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