Most banks in the United States including the Federal Reserve will be closed on Columbus Day, except for some banks like the American National Bank, Chase, TD Bank, etc., will be fully open and functional on Columbus Day. Although most banks are closed during the Columbus Day celebration, customers can still access the online banking services of their banks via the bank website and ATMs. Call centres for most banks will also be available on Columbus Day to aid customers.
Name of the Banks which Opens on Columbus Day:
Most banks in the United States will be closed on Columbus Day, as these banks tend to observe national holidays. However, not every bank in the United States observes the Columbus Day national celebration. It could be because the Columbus Day celebration is not recognized as a national holiday in all the states in America. There are several controversies about the Columbus Day celebration, many Americans don’t celebrate the holiday because they believe America was already discovered by the indigenous people who were already on the land before Christopher Columbus arrived.
Since more states are beginning to drop the Columbus Day celebration as a federal holiday, your bank may be open on Columbus Day. Even if the Columbus Day celebration is recognized by your resident state, it’s not certain if your bank will be closed for sure, as the decision to close is still up to the financial institution. So which US banks will be open on Columbus Day? Let’s take a look at banks in the United States that will be open and closed during the Columbus Day Celebration.
Banks on Columbus Day Holiday
States which Recognize Columbus Day as a National Holiday:
In the past, the Columbus Day celebration was held as a National Holiday in almost all the states in America, but that’s no longer the case anymore. In 2000, the Columbus Day celebration was recognized as a national holiday in all the states in America except three (3) states; Arkansas, Hawaii, and Nevada. Fourteen years later, the celebration is no longer recognized as a national holiday in 16 states including; Arkansas, Hawaii, Nevada, Alaska, California, Delaware, Florida, Minnesota, Michigan, Oregon, South Dakota, Vermont, Texas, and Washington, Wyoming, and Wisconsin.
Federal Holiday Schedule for 2022:
What to know when to expect a federal holiday this year? The table below shows all the federal holiday schedule for 2022:
Federal Holiday Schedule 2022HolidayDateNew Year’s DaySaturday, Jan. 1st Martin Luther king Jr. DayMonday, Jan. 17th Washington’s Birthday Monday, Feb. 21st Memorial DayMonday, May 30th Juneteenth National Independence DayMonday, June 20th since 19th falls on a SundayIndependence DayMonday, July 4th Labor DayMonday, Sept. 5th Columbus Day Monday, Oct. 10th Veterans DayFriday, Nov. 11th Thanksgiving Thursday, Nov. 24th Christmas Day Monday, Dec. 26th since 25th falls on a Sunday
On these days, most government and private facilities will be closed. However, TD Bank is one of the very few exceptions that stays open on most federal holidays. TD Bank also opens normally on Sundays but will be closed on June 19th.
All digital banking services will remain open on all Federal Holidays. You can perform several banking transactions using your bank’s mobile app or website. Also, you can make transactions using your credit union’s website or mobile app.
Carrying out Banking Operations on a Federal Holiday:
What happens if your bank plans to stay closed on Federal Holidays like the Columbus Day celebration? Will you stay three days without access to your bank? It may cause some major problems for you, especially if you have urgent financial duties you need to handle. Hence, it is important to plan so you don’t face a scenario. If the transaction you need requires the use of a teller or the assistance of a banker, then stop by your local bank branch before the 3-day weekend starts.
If it’s cash you require, you can stop by your bank’s ATM and make a withdrawal. You can also perform several banking operations using your mobile phone, by accessing your bank’s website or mobile app. However, keep in mind that all transactions performed during National Holidays will not be processed that day.
Conclusion
Most banks in the United States are closed on Federal Holidays including Columbus Day celebration. However, few banks will remain open and operational on Columbus day. See the list of banks that remain open on Columbus Day in this post.
A total of 12 states have shifted from Columbus Day to Indigenous People’s Day, including Hawaii, Alaska, Maine, South Wisconsin, Oregon, Iowa, New Mexico, Oklahoma, North Carolina, and Vermont.
No. All financial transactions made on Federal Holidays will be processed on the next business day.
