The Federal Reserve will be closed on Columbus Day, except for some banks like the American National Bank, Chase, TD Bank, etc., which will be fully open and functional. 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:
Many U.S. banks will be closed on Columbus Day, as these banks typically observe national holidays. However, not every U.S. bank observes the Columbus Day national celebration. This could be because the Columbus Day celebration is not recognized as a national holiday in all of 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. ..
Some banks that will be open on Columbus Day are Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup. These banks are open on most days and offer a wide variety of services. However, it is still up to the financial institution to decide whether or not they will be closed on Columbus Day.
Banks on Columbus Day Holiday
States which Recognize Columbus Day as a National Holiday:
In 2000, the Columbus Day celebration was recognized as a national holiday in all the states in America except three (3) states; Arkansas, Hawaii, Nevada, Alaska, California, Delaware, Florida, Minnesota, Michigan, Oregon, South Dakota, Vermont, Texas, and Washington 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 Utah
Federal Holiday Schedule for 2022:
Federal holidays in 2022: New Year’s Day Martin Luther King Jr. Day President’s Day Good Friday Easter Sunday Memorial Day Independence Day Labor Day ..
The Federal holiday schedule for 2022 is as follows: New Year’s Day - Saturday, Jan. 1st Martin Luther King Jr. Day - Monday, Jan. 17th Washington’s Birthday - Monday, Feb. 21st Memorial Day - Monday, May 30th Juneteenth National Independence Day - Monday, June 20th Independence Day - Monday, July 4th Labor Day - Monday, Sept. 5th Columbus Day - Monday, Oct. 10th Veterans Day - Friday, 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.
On Federal Holidays, all digital banking services will remain open. 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:
If your bank plans to stay closed on Federal Holidays like the Columbus Day celebration, you may face some major problems. For example, if you have urgent financial duties you need to handle, it may be difficult to do so without using a teller or the assistance of a banker. Therefore, it is important to plan so that you don’t face a scenario. If the transaction you need requires the use of a teller or the assistance of a banker, stop by your local bank branch before the 3-day weekend starts.
If you need cash, you can go to your bank’s ATM and make a withdrawal. You can also do several banking operations using your mobile phone, by accessing your bank’s website or mobile app. However, keep in mind that all transactions performed on National Holidays will not be processed that day. ..
Conclusion
On Columbus day, most banks in the United States are closed. However, a few banks will remain open and operational. See the list of banks that remain open on Columbus day in this post.
A total of 12 states have switched from Columbus Day to Indigenous Peoples’ Day. This includes Hawaii, Alaska, Maine, South Wisconsin, Oregon, Iowa, New Mexico, Oklahoma, North Carolina, and Vermont. ..
All financial transactions made on Federal Holidays will be processed on the next business day. ..
