Are banks open on Memorial Day in 2024? That's a question plenty of folks are asking just ahead of the holiday that commemorates fallen military personnel. The answer is no, banks are not open on Monday, May 27.
The federal holiday also unofficially marks the start of summer vacation season. According to AAA, travel demand is expected to be "very busy" this summer. For Memorial Day, specifically, AAA estimates 43.8 million Americans will travel 50 miles or more from where they live, up 4% over last year and just shy of 2005's record of 44 million travelers.
Anyone planning to travel this summer can certainly find plenty of deals. Kiplinger editors recently highlighted three ways to save on booking a cruise. Additionally, those looking for a cheap getaway might want to consider these great deals on family vacations.
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Outside of travel, there are plenty of Memorial Day deals and discounts for consumers, including on several Apple (AAPL) products at Best Buy (BBY).
The stock market is closed on Memorial Day too
Bankers are not the only ones who get to enjoy an extended weekend. For those wondering "is the stock market open on Memorial Day," the answer to that is no. Memorial Day is one of many stock market holidays in 2024. Bond traders also get the day off, though their long weekend starts early. Specifically, bond markets will close at 2 pm Eastern on Friday, May 24.
For those 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 2024. Please note that the list includes Juneteenth – the June 19 holiday commemorating the end of slavery – which became the 11th federal holiday by vote of Congress in 2021.
2024 bank holidays
| 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.
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