Is The Bank Open On Labor Day 2022?

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Are Banks Open on Labor Day

Monday, September 5, 2022, is Labor Day, a federal holiday. As a result, many people end up with a day off of work, and some may think it’s the perfect time to handle some errands. If you were hoping to head to the bank, you might be wondering, “Is the bank open on Labor Day 2022?” If so, here’s what you need to know.

Is the Bank Open on Labor Day 2022?

No, banks aren’t usually open on Labor Day. In most cases, banks close on federal holidays, so that means the vast majority won’t be open on Labor Day.

However, there can be some exceptions. In some cases, bank branches in retail stores may open on Labor Day if the store itself is open. Specific banks may also decide to open on the holiday, either with or without modified hours.

As a result, you may need to contact your bank in advance to see if it’s open on Labor Day if you need assistance from a teller. Otherwise, you can use other systems – like online banking or ATMs – to handle certain transactions, as those services are almost always available.

Are Credit Unions Open on Labor Day 2022?

No, credit unions are not open on Labor Day. Generally, they close for the same holidays as banks, so the majority won’t have employees on-site on Labor Day.

Bank and Credit Union 2022 Holiday Closure Schedule

While every bank and credit union can create its own holiday schedule, most align their closures with the federal holiday schedule. That means it’s often best to assume that branches are closed on federal holidays.

Here is a look at a typical holiday closure schedule for credit unions and banks in 2022:

  • New Year’s Day – Saturday, January 1, 2022
  • Martin Luther King, Jr. Day – Monday, January 17, 2022
  • President’s Day – Monday, February 21, 2022
  • Memorial Day – Monday, May 30, 2022
  • Juneteenth (Observed) – Monday, June 20, 2022
  • Independence Day – Monday, July 4, 2022
  • Labor Day – Monday, September 5, 2022
  • Columbus Day – Monday, October 10, 2022
  • Veterans Day – Friday, November 11, 2022
  • Thanksgiving Day – Thursday, November 24, 2022
  • Christmas Day (Observed) – Monday, December 26, 2022

It’s critical to note that Juneteenth and Christmas Day technically fall on Sundays. When that happens, the holiday is usually recognized on the Monday after the holiday, as banks are generally closed on Sundays. However, if a bank is typically open on Sunday, their holiday schedule for those two events may differ from what’s listed above.

Additionally, banks are frequently closed on Easter, Mother’s Day, and Father’s Day. However, this isn’t necessarily due to the holidays. Instead, it’s because most banks are already closed on Sundays, making the holiday closures coincidental.

Have you ever wished that the bank was open on Labor Day, or have bank closures never been a problem? Share your thoughts in the comments below.

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