Are Banks Open on Labor Day?

Labor Day is just around the corner, which has many wondering if banks are open on Monday, September 4.

white hard hat next to basket of condiments on american flag
(Image credit: Getty Images)

Are banks open on Labor Day in 2023? That's a question plenty of folks are asking just ahead of the holiday that celebrates the American labor movement. The answer is no, banks are not open on Monday, September 4.

Many folks will choose to spend the holiday celebrating with family and friends, though others might prefer to take a few minutes to take stock of their financial health. One way to do this is by utilizing resources offered by your financial institution, including financial education programs, as well as credit and debt counseling. Additionally, many firms have integrated artificial intelligence (AI) into their offerings – though it's important to go over the pros and cons of taking financial planning advice from AI before diving in. 

Meanwhile, if you're looking for the best places to put your money, Kiplinger editors have recently reviewed factors such as accessibility and safety to help you determine whether a money market account or high-yield savings account is right for you. Many folks also consider CDs a good investment this year considering the steep rise in yields.

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Bankers are not the only ones who get to enjoy a long weekend. For those wondering "is the stock market open on Labor Day?," the answer to that is no. Labor Day is one of many stock market holidays in 2023. Bond traders also get the day off. 

Anyone curious about 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.

Below, we feature a full schedule of all U.S. bank holidays for 2023. 

Bank holidays 2023

Swipe to scroll horizontally
January 2MondayNew Year's Day (Observed)
January 16MondayMartin Luther King, Jr. Day
February 20MondayPresident's Day
May 29MondayMemorial Day
June 19MondayJuneteenth
July 4TuesdayIndependence Day
September 4MondayLabor Day
October 9MondayColumbus Day
November 11SaturdayVeterans Day
November 23ThursdayThanksgiving Day
December 25MondayChristmas Day

* This is the recommended bank market holiday schedule from the Federal Reserve. This schedule is subject to change.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at 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.