Most banks are closed on Presidents Day, but some branches and online services stay open

Presidents Day falls on the third Monday in February. On that day, most traditional banks close their physical branches because it is a federal holiday. However, the closure is not complete: you can still withdraw money from ATMs, transfer funds online, and use mobile banking apps. Some banks operate limited hours or keep select branches open, so the answer depends on your specific bank and what you need to do.

If you need cash or want to deposit a check, plan ahead. ATMs work 24/7 at most banks, even on holidays. If you need to speak to a person or conduct business that requires a teller, you will need to wait until the next business day.

Key Takeaways

  • Federal banks close on Presidents Day, but ATMs and online banking remain available around the clock.
  • Check your specific bank's website or call their customer service line to confirm whether your local branch is open, since some banks keep select locations staffed.
  • Transfers between your own accounts and bill payments through online banking process normally on the holiday, but transfers to other people's accounts may not post until the next business day.
  • Credit unions follow the same federal holiday schedule as banks, though some maintain limited weekend hours that may differ from their weekday schedule.

What stays open on Presidents Day

ATMs are the most reliable option. Your bank's ATM network works around the clock on Presidents Day, just as it does on any other day. You can withdraw cash, check your balance, and deposit checks at most ATMs without any interruption.

Online and mobile banking also run continuously. You can log in to your bank's website or app, transfer money between your own accounts, pay bills, and check transactions at any time on Presidents Day. The transaction will process, though transfers to other people's accounts may not settle until the next business day depending on your bank's processing schedule.

Some banks keep a limited number of branches open on Presidents Day, particularly in larger cities or at flagship locations. This is not standard practice, so you cannot assume your branch will be open. Call ahead or check your bank's website to see if yours is one of them.

What closes on Presidents Day

Physical bank branches close on Presidents Day. Teller windows, loan officers, and in-person services are not available. If you need to deposit cash, speak to someone about a loan, or handle a transaction that requires a person, you will need to wait until Tuesday.

Wire transfers and transfers to accounts at other banks may be delayed. While you can initiate them online on Presidents Day, they typically do not process or post until the next business day. Internal transfers between your own accounts at the same bank usually post when ready.

How to learn about your bank is open

The fastest way is to search "[Your Bank Name] Presidents Day hours" or visit your bank's website directly. Most banks post holiday schedules weeks in advance. Look for a link labeled "Hours," "Locations," or "Holiday Hours" on the homepage.

You can also call your bank's customer service number, which is usually staffed even on holidays. They can tell you whether your specific branch is open and what services are available. If you are a customer of a large national bank like Chase, Bank of America, Wells Fargo, or Citibank, their websites typically show branch-by-branch status.

For credit unions, check your credit union's website or call their main line. Credit unions follow the federal holiday schedule, so most will be closed, but some maintain Saturday hours that may be different from their weekday schedule.

Planning ahead for Presidents Day banking needs

If you know you will need cash or need to deposit a check on Presidents Day, do it the day before. Friday is the safest day to handle in-person transactions before a Monday holiday, since you avoid the weekend closure as well.

If you are expecting a direct deposit or payment on Presidents Day, it will likely post on Tuesday instead. Payroll and government benefits typically process on the next business day after a federal holiday. Check with your employer or benefits administrator if the timing matters for your budget.

Bill payments made online on Presidents Day will process normally if you are paying from your bank account. However, if you are paying a company that processes payments manually, the payment may not be received until Tuesday. For time-sensitive bills, pay a day or two early.

ATM deposits and checks on Presidents Day

Most banks allow you to deposit checks into ATMs on Presidents Day, and the deposit will be recorded in your account when ready. However, the check itself will not be processed or cleared until the next business day. This means the funds may not be available to withdraw or transfer until Tuesday or Wednesday, depending on your bank's clearing schedule.

Cash deposits at ATMs work the same way: the money is added to your account right away, but if the ATM is part of a network that requires manual collection, the physical cash may not be counted until the next business day. For most major banks, this is not a practical concern, but it is worth knowing if you are depositing a large amount.

Frequently Asked Questions

Can I use my debit card on Presidents Day?

Yes. Debit cards work at any merchant, ATM, or online retailer on Presidents Day. The bank closure only affects in-person branch services, not card transactions or ATM access. Your card will work exactly as it normally does.

Will my direct deposit post on Presidents Day?

Probably not. Most employers and government agencies do not process direct deposits on federal holidays. If your regular payday falls on Presidents Day, the deposit will typically post on Tuesday instead. Check with your employer or benefits administrator to confirm their schedule.

What if I need to dispute a transaction on Presidents Day?

You can report a fraudulent or incorrect transaction through your bank's website or mobile app on Presidents Day. Document the transaction and submit your report. A representative will contact you on the next business day to begin the dispute process. For urgent fraud concerns, some banks have a 24/7 fraud hotline you can call.

Do online banks close on Presidents Day?

Online-only banks like Ally, Charles Schwab Bank, and Marcus do not have physical branches, so there is no closure. You can access your account, transfer money, and conduct all banking services normally on Presidents Day. Customer service may have reduced staffing, but your account remains fully functional.

Are credit unions open on Presidents Day?

Most credit unions close on Presidents Day because it is a federal holiday. However, some credit unions maintain Saturday hours that may fall on Presidents Day in certain years. Check your credit union's website or call to confirm. Online and mobile banking, plus ATM access, remain available.