Are banks open on Christmas? This is a question many are asking with Christmas falling on Wednesday, December 25, in 2024.
The answer is no. Christmas is one of several federal holidays this year, so banks will not be open.
However, Christmas Eve is not a bank holiday, though specific branches may close early.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
As for stock market holidays – particularly for those asking "is the stock market open on Christmas" – both the stock and bond market close early on Christmas Eve and are closed for a full day on Christmas.
For those wondering what time does the market open for regular trading hours, both the Nasdaq Stock Market and the New York Stock Exchange (NYSE) are open from 9:30 am to 4:00 pm Eastern time Monday through Friday.
How to cut costs this holiday season
The holiday season is certainly a time when folks are looking to cut costs. Kiplinger's personal finance team has been busy crunching the numbers on cheaper options to our everyday tasks, including using the oven vs an air fryer, the dishwasher vs hand washing and electric heaters vs radiators.
You also don't need to tip everyone. While it is certainly welcome and heartening to reward the people who have helped you throughout the year, not knowing who to tip or by how much can create anxiety. Kiplinger's holiday tipping guide provides guidance.
Below, we feature a full schedule of all U.S. bank holidays for 2024.
Bank holidays 2024
| Date | Day | Holiday |
|---|---|---|
| January 1 | Monday | New Year's Day |
| January 15 | Monday | Martin Luther King, Jr. Day |
| February 19 | Monday | Presidents' Day/Washington's Birthday |
| 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/Indigenous Peoples' Day |
| November 11 | Monday | Veterans Day |
| November 28 | Thursday | Thanksgiving Day |
| December 25 | Wednesday | Christmas Day |
* This is the recommended bank market holiday schedule from the Federal Reserve. This schedule is subject to change.
Related content
-
Dow Climbs 559 Points to Hit a New High: Stock Market TodayThe rotation out of tech stocks resumed Tuesday, with buying seen in more defensive corners of the market.
-
Are You Saving Too Much for Retirement? Know These Surprising DownsidesYour money may be better served outside of a retirement account.
-
Are You Saving Too Much for Retirement? Know These Surprising Downsides
Your money may be better served outside of a retirement account.
-
Dental Cost Advice for New Retirees, From a New RetireeWhat I faced in my first dental bill after retiring.
-
Fish and Chips? More Like Fish and a Side of Customer Confusion and AngerYou expect chips — French fries, actually — to come with your order of fish and chips? Think again. This restaurant could be violating the truth-in-menu laws.
-
Does My Car Insurance Cover Rental Cars?Is it safe to decline the extra coverage car rental companies offer you when booking? Here's what you need to know.
-
Outsmarting the AI Job Algorithm: Why Older Women Need a StrategyWhen you're job hunting, AI may undermine your best efforts. Here's how older women can throw a wrench in the algorithm.
-
I'm Embarrassed to Ask: What Is a Life Insurance Trust?Life insurance trusts, particularly irrevocable life insurance trusts (ILITs), can minimize estate taxes and protect your heir's inheritance.
-
Are Your Employees Quietly Cracking? How to Repair the Cracks Before Everything BreaksSome employees who are unable to change jobs due to economic conditions are doing only the bare minimum, leading to decreased work quality and team morale.
-
I'm 61 and need $50,000 for home repairs. Should I borrow, given today's rates, or take a withdrawal from my $950,000 401(k)?We asked financial experts for advice.
