Are Banks Open on New Year's Eve?

If you're wondering are banks open on New Year's Eve, you're not alone. Many folks aren't sure if December 31 counts as a holiday and if banks are open or not.

clock striking midnight with gold glitter
(Image credit: Getty Images)

Are banks open on New Year's Eve and New Year's Day? This is a question many folks are asking as the turn of the calendar year approaches. 

The short answer is no. Banks are not open on New Year's Eve in 2023. That's because it falls on a Sunday this year, and most banks are generally closed on Sundays. Banks will also be closed on Monday, January 1, in observance of the New Year's Day holiday.

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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 19WednesdayJuneteenth 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.