Are Banks Open on Veterans Day 2022? Veterans Day is a chance to say thanks to the people who served in the U.S. Armed Forces.
The U.S. says that the holiday honors “ALL those who served honorably in the military – in wartime or peacetime.” This is different from Memorial Day, which only remembers those who died while serving. Veterans Affairs Department.
History.com says that Veterans Day has been on November 11 for most of its history. This is to remember the “eleventh hour of the eleventh day of the eleventh month” of 1918, which was the end of World War I. In 1954, when he was still president, Dwight D. Eisenhower officially changed the name from Armistice Day.
But businesses often close on federal holidays so that workers can celebrate and honor in the right way. Since November 11 is a Thursday this year, many people are wondering if banks and the stock market are closed in the middle of the week. What you need to know is below.
Are Banks Open on Veterans Day 2022?
On Veterans Day, most banks are closed. On a typical Thursday, banks are open between 8 and 9 a.m. and close between 4 and 6 p.m.
Insider says that federal holidays change this schedule, and most financial institutions in the U.S. follow the Federal Reserve System’s list of holidays. In addition to Veterans Day, this schedule includes New Year’s Day, the birthday of Martin Luther King, Jr., Washington’s birthday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Columbus Day (which is often replaced by Indigenous Peoples Day), Thanksgiving Day, and Christmas Day.
This year is the same. Most of the banks on the list below, which were reported by Newsweek, will be closed. The majority of online banking is still open, and many call centers are still open.
Some branches and private banks have different hours than others. If you have any questions, you can check with a bank near you.