Are the Banks Open on Martin Luther King Day?

MLK Day is almost here, which has many folks wondering if the banks are open on Monday, January 15.

Dr. Martin Luther King, Jr.
(Image credit: Getty Images)

Are the banks open on Martin Luther King Day in 2024? That's a question plenty of folks are asking just ahead of the federal holiday. The answer is no, banks are not open on MLK Day, as the holiday is also known. 

Martin Luther King Jr. Day became a federal holiday in 1983, when it was signed into law by then President Ronald Reagan, and was officially observed three years later. It wasn't until 2000 that all 50 states recognized MLK Day.

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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.