When are Banks Observing Veterans Day 2023?
Introduction
Veterans Day is a significant holiday in the United States that honors the men and women who have served in the United States Armed Forces. This year, Veterans Day falls on November 11, 2023. While most businesses and institutions will be closed on this day, banks will be observing Veterans Day with varying schedules. In this article, we will provide an overview of when banks are observing Veterans Day 2023 and what you need to know.
What is Veterans Day?
Before we dive into the bank holidays, let’s take a moment to appreciate the significance of Veterans Day. November 11 marks the anniversary of the Armistice that ended World War I, which took place on November 11, 1918. The holiday was originally known as Armistice Day and was later renamed Veterans Day in 1954 to honor all American veterans, living and deceased. It’s a day to recognize the sacrifices and bravery of those who have served in the military.
Bank Holidays on Veterans Day 2023
Federal Holidays
The United States federal government observes Veterans Day on November 11, 2023, which means that all federal offices, including federal banks, will be closed. This includes the following federal banks:
• Federally-chartered banks: These banks are subject to federal regulations and will be closed on Veterans Day.
• Federal Reserve Banks: The Federal Reserve System, which is the central banking system of the United States, will be closed on Veterans Day.
Non-Federal Banks
Non-federally chartered banks, also known as state-chartered banks, may observe Veterans Day on November 11, but it’s not mandatory. Some state-chartered banks may choose to be open on Veterans Day, but this will depend on the individual bank’s policies. If you’re unsure about the holiday schedule for your local bank, it’s best to check with them directly.
Major Bank Holidays on Veterans Day 2023
Here’s a list of some major banks and their observed holiday schedule for Veterans Day 2023:
| Bank | Holiday Schedule |
|---|---|
| Wells Fargo | Closed |
| JPMorgan Chase | Closed |
| Bank of America | Closed |
| Citibank | Closed |
| U.S. Bank | Closed |
| PNC Bank | Closed |
Mobile Banking and Online Banking
Don’t worry if you need to access your bank accounts on Veterans Day. Most banks will continue to offer mobile banking and online banking services, allowing you to check your accounts, transfer funds, and pay bills remotely.
Other Important Dates to Note
In addition to Veterans Day, there are a few other important dates to keep in mind when it comes to bank holidays:
- Thanksgiving Day (November 23, 2023): Most banks will be closed on Thanksgiving Day.
- Christmas Day (December 25, 2023): Many banks will be closed on Christmas Day, but some may have limited hours.
Conclusion
In conclusion, while Veterans Day is a federal holiday, not all banks will be closed. Federally-chartered banks will be closed, but non-federally chartered banks may choose to be open. If you’re unsure about the holiday schedule for your local bank, it’s best to check with them directly. With mobile banking and online banking services available, you can still access your accounts remotely on Veterans Day. Happy Veterans Day!
