Are Banks Open on New Year's Eve?
New Year's Eve is almost here, which has many folks wondering if banks are open on Dec. 31.


Are banks open on New Year's Eve? This is a question many folks are asking because in 2022 New Year's Eve fell on a Saturday.
The short answer is yes, banks are open on New Year's Eve. However, because New Year's Day falls on a Sunday in 2023, banks closed on Monday, Jan. 2, 2023, in observance of the holiday.
As for stock market holidays – particularly for those asking "is the stock market open on New Year's" – the stock market is typically open on New Year's Eve, while the bond market closes early. Both markets are usually closed for all of New Year's Day. However, given that these holidays fall on a weekend this year, markets will be closed for trading on Monday, Jan. 2. Bond traders, however, get an extra-long weekend, with bond markets closing early on Friday, Dec. 30, at 2 p.m. Eastern.

Sign up for Kiplinger’s Free E-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.
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 a.m. to 4:00 p.m. Eastern time Monday through Friday.
If you're looking to take some time this holiday season to plan for your financial new year, consider these five year-end financial planning strategies for an uncertain market. Additionally, don't forget to check out the newly released standard deduction amounts you can claim on your 2023 tax returns. And while we're on the topic of taxes, be sure to familiarize yourself with charitable-giving strategies that have tax advantages for retirees.
Below, we feature a full schedule of all U.S. bank holidays for 2022 and 2023. Please note that the list includes Juneteenth – the June 19 holiday commemorating the end of slavery – which became the 12th federal holiday by vote of Congress in 2021.
Bank Holidays 2022
Date | Day | Holiday |
---|---|---|
January 17 | Monday | Martin Luther King, Jr. Day |
February 21 | Monday | President's Day |
May 30 | Monday | Memorial Day |
June 20 | Monday | Juneteenth (Observed) |
July 4 | Monday | Independence Day |
September 5 | Monday | Labor Day |
October 10 | Monday | Columbus Day |
November 11 | Friday | Veterans Day |
November 24 | Thursday | Thanksgiving Day |
December 26 | Monday | Christmas Day (Observed) |
Bank Holidays 2023
Date | Day | Holiday |
---|---|---|
January 2 | Monday | New Year's Day (Observed) |
January 16 | Monday | Martin Luther King, Jr. Day |
February 20 | Monday | President's Day |
May 29 | Monday | Memorial Day |
June 19 | Monday | Juneteenth |
July 4 | Tuesday | Independence Day |
September 4 | Monday | Labor Day |
October 9 | Monday | Columbus Day |
November 11 | Saturday | Veterans Day |
November 23 | Thursday | Thanksgiving Day |
December 25 | Monday | Christmas Day |
* This is the recommended bank market holiday schedule from the Federal Reserve. This schedule is subject to change.

With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert 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.
-
One Key Rule for Understanding 2023 RMDs
RMDs Required minimum distribution (RMD) rules can be confusing, but there is a guideline that can help.
By Kelley R. Taylor Published
-
When to Apply for Social Security Payments? Your Age Matters
Do you know when to apply for Social Security benefits? What's the best age to start receiving monthly payments? Part of the answer lies in your birth year.
By Jacob Wolinsky Published
-
Are Banks Closed on Presidents' Day?
Presidents' Day is almost here, which has many folks wondering if banks are open on Monday, Feb. 20.
By Karee Venema Published
-
Are the Banks Open on Martin Luther King Day?
MLK Day is almost here, which has many folks wondering if banks are open on Monday, Jan. 16.
By Karee Venema Published
-
Are Banks Open on Black Friday in 2023?
Black Friday is nearly here, which has many wondering if banks are open on the biggest shopping day of the year?
By Karee Venema Last updated