Presidents Day is another term used for the holiday celebrating George Washington’s birthday that is observed on the third Monday in February.
In 2020, Presidents Day falls on Monday, February 17.
Presidents Day is a government holiday which means that many schools and government offices are closed along with some private businesses.
Presidents Day originally came from the federal holiday for George Washington’s Birthday.
But after the observance was changed to the third Monday in February, the holiday has become to be known as “Presidents Day” to celebrate both Abraham Lincoln’s birthday and Washington’s birthday in most states.
However, the federal government has never officially changed the name from Washington’s Birthday to Presidents Day.
If you need to mail a letter or package on Presidents Day, Monday, February 17, 2020, you will have to wait until Tuesday.
That’s because Presidents Day is a federal holiday so United States Postal Service (USPS) post offices will be closed and mail will not be delivered on Monday, February 17, 2020.
No, the U.S. stock and commodity markets will not be open on Presidents Day 2020.
This includes the New York Stock Exchange (NYSE), NASDAQ, New York Mercantile Exchange (NYMEX), and the Chicago Board of Trade (CBOT).
Most banks will be closed on Presidents Day 2020 because it is a federal holiday and the Federal Reserve Bank is closed on Washington’s Birthday.
But it is always best that you call ahead to the local bank branch near you to be sure that they are closed or open on Presidents Day 2020.
Presidents Day 2020 Bank Deposits
Also, because Washington’s Birthday is a federal holiday, this can delay when bank deposits are credited to your account, depending on your bank’s holiday deposit schedule.
This includes deposits made by customers, payroll deposits, and other direct deposits such as Supplemental Security Income (SSI) deposits that will be made on Presidents Day, Monday, February 17, 2020, but may not be credited to some bank accounts until February 18, 2020, or later.