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 2024? Here’s what you need to know.
Are Banks Open on New Year’s Eve 2024?
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? Despite being widely celebrated, New Year’s Eve isn’t actually a federal holiday, so banks usually don’t observe it. That said, your bank may close early that day or observe different hours.
Are Banks Open on New Year’s Day 2025?
Since New Year’s Day is a federal holiday, banks will be closed on Wednesday, January 1. So you’ll either have to plan ahead and visit the bank on Tuesday, December 31, or wait until Thursday, January 2.
Don’t forget that some banks have limited hours on New Year’s Eve and may close in the early afternoon. If you’re hoping to finish up your banking tasks on December 31, 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 be processed until your bank reopens on January 2.
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.
2025 Holiday Bank Schedule
If you’re wondering “Are banks open on New Year’s Eve,” you may also be curious about the entire 2025 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 – Wednesday, January 1
Martin Luther King Jr. Day – Monday, January 20
Presidents Day – Monday, February 17
Memorial Day – Monday, May 26
Juneteenth National Independence Day – Thursday, June 19
Independence Day – Friday, July 4
Labor Day – Monday, September 1
Columbus Day – Monday, October 13
Veterans Day – Tuesday, November 11
Thanksgiving – Thursday, November 27
Christmas Day – Thursday, December 25
If a holiday falls on a weekend, banks will often observe it on the preceding or following business day instead. It should also be noted that some banks will have altered business hours in the days surrounding the holiday. For instance, some branches may choose to close early on Christmas Eve or New Year’s Eve. So, it’s always a good idea to check their hours ahead of time if you’re planning to run some errands.
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