Understanding bank holidays is crucial for managing your financial transactions throughout the year. Banks, as essential financial institutions, observe specific holidays, leading to closures that can affect in-person services. If you’re wondering, “what holidays are banks closed in 2024?”, this guide provides a comprehensive overview to help you plan accordingly.
In the United States, including Maryland, bank holidays are largely aligned with federal holidays. However, it’s important to note that specific state regulations, like those in Maryland, can introduce nuances. Maryland law dictates that when a mandatory bank holiday differs from a federal holiday, banks will be closed on at least one, and potentially both. For holidays without a corresponding federal observance, Maryland banks have the discretion to open or close.
To help you stay informed, here is a list of holidays on which banks are typically closed in 2024:
- January 1 (Monday): New Year’s Day
- January 15 (Monday): Martin Luther King, Jr.’s Birthday
- February 19 (Monday): Presidents’ Day
- May 27 (Monday): Memorial Day
- June 19 (Wednesday): Juneteenth National Independence Day
- July 4 (Thursday): Independence Day
- September 2 (Monday): Labor Day
- October 14 (Monday): Columbus Day
- November 11 (Monday): Veterans Day
- November 28 (Thursday): Thanksgiving Day
- December 25 (Wednesday): Christmas Day
Fourth of July decorations adorn Mount Vernon Place in Baltimore, Maryland, reflecting the spirit of national holidays.
While this list covers the standard bank holidays for 2024, it’s always wise to confirm directly with your specific bank branch for any variations or additional closures they might observe. Banks often publish their holiday schedules on their websites or display them in branches.
Looking ahead, here are the anticipated bank holidays for 2025, as initially provided by the Maryland State Archives, to help you plan further into the future:
| 2025 | |
|---|---|
| January 1 (Wednesday) | New Year’s Day |
| January 20 (third Monday) | Dr. Martin Luther King, Jr., Birthday (observed) |
| February 17 (third Monday) | Presidents’ Day |
| May 26 (last Monday) | Memorial Day |
| June 19 (Thursday) | Juneteenth National Independence Day* |
| July 4 (Friday) | Independence Day |
| September 1 (first Monday) | Labor Day |
| October 13 (second Monday) | Columbus Day (observed) |
| November 11 (Tuesday) | Veterans’ Day |
| November 27 (fourth Thursday) | Thanksgiving Day |
| December 25 (Thursday) | Christmas Day |
*If the U.S. Congress designates another day for observance [for Juneteenth], that day becomes the legal date.
Being aware of these bank holidays allows you to proactively manage your banking needs, whether it’s withdrawing cash, making deposits, or planning important transactions. With this information, you can confidently navigate bank closures in 2024 and beyond.
