Are Banks Closed on Presidents' Day?

Presidents' Day is almost here, which has many folks wondering if banks are open on Monday, February 19.

blue backdrop with happy presidents' day written in white lettering
(Image credit: Getty Images)

Are the banks closed on Presidents' Day in 2024? That's a question plenty of folks are asking just ahead of the federal holiday. The answer is yes, banks are closed on Presidents' Day, or Washington's Birthday, as the holiday is also known.

Washington's Birthday became a federal holiday in 1879 as a way to commemorate America's first president. It was initially celebrated on February 22, George Washington's birthday. Its purpose has since been expanded to honor all those who have served as president of the United States, and in 1970, the federal holiday was moved to the third Monday in February. The three-day weekend marks the third bank holiday so far in 2024.

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DateDayHoliday
January 1MondayNew Year's Day
January 15MondayMartin Luther King, Jr. Day
February 19MondayPresidents' Day/Washington's Birthday
May 27MondayMemorial Day
June 19Wednesday
Juneteenth National Independence Day
July 4ThursdayIndependence Day
September 2MondayLabor Day
October 14MondayColumbus Day/Indigenous Peoples' Day
November 11MondayVeterans Day
November 28ThursdayThanksgiving Day
December 25WednesdayChristmas Day

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.