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 20.
Are the banks open on Martin Luther King Day in 2025? 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.
The three-day weekend marks the second bank holiday in 2025, with the first occurring on Wednesday, January 1, in observance of New Year's Day.
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The Rev. Martin Luther King Jr.'s actual birthday falls on January 15. While Martin Luther King Jr. Day is meant to celebrate the birth of Dr. King, the federal holiday is observed on the third Monday in January, regardless of the date on which that day falls.
As for stock market holidays – particularly for those asking "is the stock market open on Martin Luther King Day" – the stock market is typically closed on the federal holiday. Bond traders also get a three-day weekend, with bond markets shuttered on MLK Day, too.
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 am to 4:00 pm Eastern time Monday through Friday.
If you're looking to take some time over the three-day weekend to get a head start on your tax preparation, have a look at the income tax brackets for 2024 and 2025. Additionally, don't forget to check out the standard deduction amounts and capital gains tax rates for 2024 and 2025.
Below, we feature a full schedule of all U.S. bank holidays for 2025. 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.
2025 bank holidays
| Date | Day | Holiday |
| January 1 | Wednesday | New Year's Day |
| January 20 | Monday | Martin Luther King, Jr. Day |
| February 17 | Monday | Presidents' Day/Washington's Birthday |
| May 26 | Monday | Memorial Day |
| June 19 | Thursday | Juneteenth National Independence Day |
| July 4 | Friday | Independence Day |
| September 1 | Monday | Labor Day |
| October 13 | Monday | Columbus Day/Indigenous Peoples' Day |
| November 11 | Tuesday | Veterans Day |
| November 27 | Thursday | Thanksgiving Day |
| December 25 | Thursday | Christmas Day |
* This is the recommended bank market holiday schedule from the Federal Reserve. This schedule is subject to change.
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