Are Banks Closed on Presidents Day? Chase, Wells Fargo, Bank of America and More

Presidents Day is a federal holiday which inevitably means that a lot of businesses and government services will be unavailable for 24 hours.

While many individual retailers will stay open, everything from the stock market to post offices, schools and the Department of Motor Vehicles will be closed across the nation. This is while the United States commemorates everyone who has ever held the office of president.

Given that Presidents Day (which this year falls on February 21) is observed by the Federal Reserve, the vast majority of banks will also be closed on Monday. This includes the buildings themselves, as well as any services that require a teller in order to be carried out. In addition to this, customers may also need to wait an additional day for any ongoing services to be fully processed.

Fortunately, some banking functions will continue to be accessible over the course of Presidents Day, such as mobile banking, online banking and the use of Automated Teller Machines (ATMs). As such, you will still be able to withdraw cash even if your bank is closed.

Which Banks Are Closed for Presidents Day?

Below is a list of U.S. banks that are closed for Presidents Day 2022.

  • Bank of America
  • Chase Bank
  • Wells Fargo
  • JPMorgan Chase
  • Citigroup
  • Bank of the West
  • BMO Harris Bank
  • SunTrust
  • Comerica Bank

Customers at Toronto-Dominion (TD) banks will still be able to access their services, however, as its branches will be remaining open on Monday, February 21.

In case you were wondering, the Federal Reserve will also be observing a few other holidays throughout the remainder of 2022. These include Memorial Day (May 30), Juneteenth National Independence Day (June 19), Independence Day (July 4), Labor Day (September 5), Columbus Day (October 10), Veterans Day (November 11), Thanksgiving (November 24) and, of course, Christmas Day (December 25). As such, you can expect most banks to be closed on these days as well.

It is traditional for government services to be closed on Presidents Day, as the country honors everybody who has ever served in the presidential office. It used to be that the holiday always fell on February 22, in order to commemorate the birthday of George Washington, but this was changed in 1971 when Congress passed the Uniform Monday Holiday Act.

Now it falls on the third Monday of February instead, regardless of what date that may happen to be. Despite this change, it is still officially known as "Washington's Birthday."

People Lining Up for Chase Bank
Image shows people waiting outside a Chase bank. While the building itself might be closed on Presidents' Day, you will still be able to access its ATMs. Cindy Ord/Getty Images

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