Updated December 14, 2020
Bank holidays, which coincide with major federal holidays, are days when most banks and other financial institutions are closed.
Banking holidays can have an impact on the timing of ACH payments.
According to the Federal Reserve, U.S. banks will be closed on the following holidays in 2020, 2021 and 2022:
2020 & 2021
- Christmas Day - Friday, December 25, 2020
- New Year’s Day - Friday, January 1, 2021
- Martin Luther King Jr’s Birthday - Monday, January 18, 2021
- Washington’s Birthday - Monday, February 15, 2021
- Memorial Day - Monday, May 31, 2021
- Independence Day - July 5, 2021 (Since July 4 falls on a Sunday, the bank holiday will be observed on Monday)
- Labor Day, Monday, September 6, 2021
- Columbus Day, Monday, October 11, 2021
- Veteran’s Day, Thursday, November 11, 2021
- Thanksgiving Day, Thursday, November 25, 2021
- Christmas Day, Saturday, December 25, 2021 (Banks will still be open on the preceding Friday)
2022
- New Year’s Day - Saturday, January 1, 2022
- Martin Luther King Jr’s Birthday - Monday, January 17, 2022
- Washington’s Birthday - Monday, February 21, 2022
- Memorial Day - Monday, May 30, 2022
- Independence Day - July 4, 2022
- Labor Day, Monday, September 5, 2022
- Columbus Day, Monday, October 10, 2022
- Veteran’s Day, Friday, November 11, 2022
- Thanksgiving Day, Thursday, November 24, 2022
- Christmas Day, Sunday, December 25, 2022 (Since December 25 falls on a Sunday, the bank holiday will be observed on Monday)
Make a note of these holidays and how they can impact the timing for receiving and sending ACH payments.