Are Banks Open On Memorial Day 2020?

Banks Open and closed

When Is Memorial Day 2020?

Memorial Day is observed on the last Monday of May. In 2020, Memorial Day falls on Monday, May 25.

Are Banks Open Or Closed On Memorial Day 2020?

Most banks will be closed on Memorial Day, Monday, May 25, 2020, because it is a federal holiday and the Federal Reserve Bank is closed on Memorial Day.

Is Memorial Day A Federal Holiday?

Memorial Day is a federal holiday in the United States for honoring and mourning the military personnel who have died while serving. The federal holiday is observed on the last Monday of May.

Memorial Day Bank Deposits

Also, because Memorial Day 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, stimulus checks and other direct deposits such as Supplemental Security Income (SSI) deposits that may not be credited to some bank accounts until Tuesday, May 26, 2020, or later.

List of Banks Closed On Memorial Day 2020

Most banks will be closed on Memorial Day, Monday, May 25, 2020, including Ally Bank, Bank of America, Capital One, Chase Bank, CitiBank, Fifth Third Bank, HSBC, Huntington National Bank, PNC Bank, Regions Banks, SunTrust Bank, TD Bank, and Wells Fargo.