No, banks are closed on Presidents Day. Presidents Day (officially “Washington’s Birthday”) is a federal holiday, meaning all federally regulated banks close and the Federal Reserve doesn’t process transactions. Here’s everything you need to know about banking around Presidents Day.
When Is Presidents Day?
Presidents Day is observed on the third Monday of February each year, creating a three-day weekend for most workers.
| Year | Presidents Day | Day |
|---|---|---|
| 2025 | February 17 | Monday |
| 2026 | February 16 | Monday |
| 2027 | February 15 | Monday |
| 2028 | February 21 | Monday |
| 2029 | February 19 | Monday |
The holiday is officially called “Washington’s Birthday” on the federal calendar, but it’s commonly known as Presidents Day and is associated with both George Washington and Abraham Lincoln (whose birthdays fall in February).
What’s Closed on Presidents Day?
Presidents Day is one of the 11 federal holidays, so many institutions close:
| Institution | Open on Presidents Day? |
|---|---|
| Banks | ❌ Closed |
| Credit unions | ❌ Closed |
| Federal Reserve | ❌ Closed |
| Stock markets (NYSE, NASDAQ) | ❌ Closed |
| Bond markets | ❌ Closed |
| Post office | ❌ Closed |
| Federal government offices | ❌ Closed |
| State government offices | ❌ Usually closed |
| Schools | ❌ Usually closed |
However, being a federal holiday doesn’t close everything. Retailers often run “Presidents Day Sales,” so most stores, restaurants, and private businesses remain open.
What Banking Services Work on Presidents Day?
While branches close, electronic banking services remain fully functional. You won’t be able to speak with a teller or complete transactions that require in-person verification, but digital tools handle most everyday banking needs. Here’s what you can and can’t do:
| Service | Available? | Notes |
|---|---|---|
| ATM withdrawals | ✅ Yes | 24/7 access |
| ATM deposits | ✅ Yes | Processes Tuesday |
| Mobile banking | ✅ Yes | Full functionality |
| Online banking | ✅ Yes | Full access |
| Debit card payments | ✅ Yes | Works normally |
| Credit card payments | ✅ Yes | Works normally |
| Zelle | ✅ Yes | Instant for enrolled users |
| Same-bank transfers | ✅ Yes | Usually instant |
| Mobile check deposit | ✅ Yes | Clears Tuesday |
| ACH transfers | ⚠️ Initiated only | Settles Tuesday |
| Wire transfers | ❌ No | Fed closed |
| Branch services | ❌ No | Closed |
You can manage your accounts and make purchases normally—you just can’t complete inter-bank transfers until Tuesday. If you need to send money to someone, Zelle is your best option for instant transfers between bank accounts. For more payment options, see our guide on the best ways to send money.
Major Banks on Presidents Day
Every major bank in the United States closes on Presidents Day. This includes all branches of national, regional, and community banks. However, ATM networks remain accessible around the clock, and each bank’s mobile app and website function normally.
| Bank | Presidents Day Status | 24/7 ATM Access |
|---|---|---|
| Chase | ❌ Closed | ✅ Yes |
| Bank of America | ❌ Closed | ✅ Yes |
| Wells Fargo | ❌ Closed | ✅ Yes |
| Citi | ❌ Closed | ✅ Yes |
| Capital One | ❌ Closed | ✅ Yes |
| PNC | ❌ Closed | ✅ Yes |
| TD Bank | ❌ Closed | ✅ Yes |
| US Bank | ❌ Closed | ✅ Yes |
| Truist | ❌ Closed | ✅ Yes |
All banks follow the Federal Reserve holiday schedule because they cannot process inter-bank transactions when the Fed is closed. For specific hours on regular business days, see our guides for Chase Bank hours, Bank of America hours, and Wells Fargo hours.
How Presidents Day Affects Payroll and Bills
Direct Deposits
If your payday falls on Presidents Day Monday, your employer’s payroll system likely handles this in one of two ways:
| Scenario | When You Get Paid |
|---|---|
| Employer adjusts automatically | Friday before (Feb 14, 2025 or Feb 13, 2026) |
| Employer doesn’t adjust | Tuesday (Feb 18, 2025 or Feb 17, 2026) |
Most large employers and payroll providers (ADP, Paychex, Gusto) automatically release direct deposits early when payday falls on a holiday. However, don’t assume—check with your HR department if you’re unsure.
Bill Payments
If a bill due date falls on Presidents Day:
| Payment Type | What Happens |
|---|---|
| Autopay | Processes Tuesday (usually no penalty) |
| Online bill pay | Submit by Friday for timely processing |
| Mailed check | Mail by Wednesday before holiday |
| Late fee risk | Most companies give grace for holiday delays |
Most creditors don’t charge late fees when a due date falls on a bank holiday—but it’s better to pay early than test this policy.
Social Security
Social Security payments follow a specific schedule based on birth date. If your payment date falls on Presidents Day, you’ll receive it the business day before (Friday).
Planning Your Banking Around Presidents Day
Since the holiday always falls on a Monday, you have the entire preceding week to prepare. The three-day weekend (Saturday through Monday) means any Friday afternoon transactions may not process until Tuesday. Here’s a planning checklist:
| Task | Complete By |
|---|---|
| Large cash withdrawals | Friday |
| Check deposits (need funds cleared) | Wednesday or Thursday |
| Wire transfers | Friday |
| Bill payments due Monday | Friday |
| Cashier’s checks needed | Friday |
What to Do If You Need Banking on Presidents Day
If you find yourself needing banking services on Presidents Day, don’t worry—most everyday needs can be handled digitally or through self-service options. Check your bank’s ATM withdrawal limits before heading out if you need a large amount of cash.
| Need | Solution |
|---|---|
| Cash | ATM or grocery store cash back |
| Deposit cash | ATM deposit |
| Deposit check | Mobile deposit (clears Tuesday) |
| Pay a bill | Online bill pay or company website |
| Transfer money | Zelle (instant) or ACH (clears Tuesday) |
| Emergency | 24/7 phone support available |
Presidents Day Weekend: Three-Day Closure
Because Presidents Day always falls on Monday, you’re looking at three consecutive days without branch access:
| Day | Bank Status | Fed Processing |
|---|---|---|
| Saturday | Limited hours (many branches open) | ❌ Off |
| Sunday | Closed | ❌ Off |
| Monday (Presidents Day) | Closed | ❌ Off |
| Tuesday | Open | ✅ Normal |
Any transactions initiated Friday evening through Monday won’t begin processing until Tuesday morning. Plan accordingly for time-sensitive transfers.
Stock Market on Presidents Day
Unlike some holidays where banks and markets diverge, Presidents Day closes both. This is one of the nine annual stock market holidays when no trading occurs on U.S. exchanges.
| Market | Presidents Day Status |
|---|---|
| NYSE | ❌ Closed |
| NASDAQ | ❌ Closed |
| Bond markets | ❌ Closed |
| Chicago Mercantile Exchange | ❌ Closed |
| Options markets | ❌ Closed |
Trading resumes Tuesday at 9:30 AM ET. Orders placed over the weekend execute when markets open.
Credit Unions and Presidents Day
Credit unions follow the same federal holiday schedule as banks. If you’re deciding between a bank and credit union, the holiday schedule is identical—the difference lies in ownership structure and fees. Learn more in our banks vs. credit unions comparison.
| Credit Union Type | Presidents Day Status |
|---|---|
| Federal credit unions | ❌ Closed |
| State-chartered credit unions | ❌ Usually closed |
| Online credit unions | ❌ Branches closed (if any), digital open |
Even credit unions that operate on different schedules typically close on major federal holidays like Presidents Day.
Presidents Day vs. Other Monday Holidays
Presidents Day is one of several Monday holidays that create three-day weekends with extended bank closures. All of these holidays result in the same banking impact—no Fed processing from Friday evening through Tuesday morning. For a complete list of bank closures, see our 2025-2026 bank holiday calendar.
| Holiday | Date | Bank Closure |
|---|---|---|
| MLK Day | 3rd Monday, January | ❌ Closed |
| Presidents Day | 3rd Monday, February | ❌ Closed |
| Memorial Day | Last Monday, May | ❌ Closed |
| Labor Day | 1st Monday, September | ❌ Closed |
| Columbus Day | 2nd Monday, October | ❌ Closed |
All Monday holidays create three-day weekends with no Fed processing from Friday evening through Tuesday morning.
Emergency Banking on Presidents Day
If you have an urgent banking need on Presidents Day:
| Emergency | Solution |
|---|---|
| Lost/stolen debit card | Call 24/7 fraud hotline, freeze card in app |
| Lost/stolen credit card | Call issuer’s 24/7 line |
| Fraud on account | Report through app or phone |
| Locked out of account | Some issues can be resolved via phone |
| Need emergency funds | Cash advance at ATM, credit card purchase |
Major bank 24/7 phone lines:
- Chase: 800-935-9935
- Bank of America: 800-432-1000
- Wells Fargo: 800-869-3557
- Citi: 800-374-9700
Key Takeaways
| Question | Answer |
|---|---|
| Are banks open on Presidents Day? | No, all banks are closed |
| When is Presidents Day? | Third Monday of February |
| 2025 Presidents Day | Monday, February 17, 2025 |
| 2026 Presidents Day | Monday, February 16, 2026 |
| Do ATMs work? | Yes, ATMs available 24/7 |
| When do ACH transfers process? | Tuesday after the holiday |
Bottom line: Banks are closed on Presidents Day because it’s a federal holiday and the Federal Reserve doesn’t operate. You can still access your money through ATMs, mobile banking, and online banking. Transactions between banks (ACH, wire) won’t process until Tuesday. Plan ahead by handling time-sensitive banking by Friday.