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Do banks process payments on bank holidays? Explained

When it comes to bank holiday or the federal holiday, banks and other financial institutions are mostly closed until the next banking day.

Now in the case where you made a transaction late in the day and which the next day is a bank holiday, do you think the bank will process your transaction on that very day? This is what this article will explain to you.

If at all do banks process payments on bank holidays.

Now let’s proceed into the post.

do banks process payments on bank holidays

Do banks process payments on bank holidays?

Banks don’t process payments on bank holidays as every financial institution both bank and non bank are mostly closed and not open for operation during bank holidays or federal holidays.

Supposed you went to the bank on Monday to make a payment or transaction right inside the bank and which they are almost closed for the day, the next day is a bank holiday, the bank will process your payment that very Monday.

The reason why the bank will process your payment is because during bank holidays or federal holidays ACH are closed and this will prohibit any bank from carrying out transactions.

Once a bank customer service representative or a banker accepts your payment or transaction, he or she will make sure to finish up the transaction before they are closed for the day and every transaction has been posted.

However, if I’m the case whereby the transaction was completed, you will have to wait till the next banking day and which will be on Wednesday.

Talking about bank holidays, not all bank do observe all federal holidays as I’m very sure that TD bank don’t observe Columbus day. On Columbus day, TD bank is very much open to attend to their customers and offer banking services from 9am in the morning until 5pm in the evening.

Still on TD bank opening on Columbus day and which is a federal holiday, the bank will accept cash deposits, direct deposit, check deposits or any payment but the truth is that it won’t be processed until the next banking day.

If you are depositing check or making a direct deposit on TD bank during Columbus day which the bank don’t observe, be rest assured that the transaction will have to wait until the next banking day simply because ACH are not open to finalize the transaction as the transaction won’t be posted.

However, you can go to the bank and perform any transaction that wouldn’t involve paying cash into an account or direct deposit. As long as that very day is is a federal holiday, the transaction won’t be posted or processed.


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Let’s take a look at banks and the bank holidays they will observe in 2022.

2022 Bank holidays

In case you don’t understand what a bank holiday means, it simply means a federal holiday which all the financial institutions and other sectors in the country are not open for banking activities.

Chase bank Holiday Schedule 2022
New Year’s Day — Jan. 1 Closed
Martin Luther King, Jr. Day — Jan. 17 Closed
Valentine’s Day — Feb. 14 Open
Presidents’ Day — Feb. 21 Closed
St. Patrick’s Day — March 17 Open
Memorial Day — May 30 Closed
Independence Day — July 4* Closed*
Labor Day — Sept. 5 Closed
Columbus Day — Oct. 10 Closed
Halloween — Oct. 31 Open
Veterans Day — Nov. 11 Closed
Thanksgiving Day — Nov. 24 Closed
Black Friday — Nov. 25 Open
Christmas Eve (daytime) — Dec. 24 Open (Most branches open 9 a.m. to 3 p.m.)
Christmas Day — Dec. 25 Closed

Wells Fargo Bank

Below are the list of Wells Fargo Bank holiday in 2022.

DAY DATE HOLIDAY
Sat Jan 01 New Year’s Day
Mon Jan 17 M L King Day
Mon Feb 21 Presidents’ Day
Mon May 30 Memorial Day
Mon Jul 04 Independence Day
Mon Sep 05 Labor Day
Mon Oct 10 Columbus Day
Fri Nov 11 Veterans Day
Thu Nov 24 Thanksgiving
Sun Dec 25 Christmas

TD Bank

Below are the list of TD bank holidays in 2022

 
Holiday
Date
New Year’s Day
Saturday, January 1
Martin Luther King, Jr. Day
Monday, January 17
Easter Sunday
Sunday, April 17
Memorial Day
Monday, May 30
Juneteenth
Sunday, June 19
Independence Day
Monday, July 4
Labor Day
Monday, September 5
Veterans Day
Friday, November 11
Thanksgiving Day
Thursday, November 24
Christmas Day
Sunday, December 25

Bank of America

Below are the list of bank of America bank holidays in 2022

DAY DATE HOLIDAY
Sat Jan 01 New Year’s Day
Mon Jan 17 M L King Day
Mon Feb 21 Presidents’ Day
Mon May 30 Memorial Day
Mon Jul 04 Independence Day
Mon Sep 05 Labor Day
Mon Oct 10 Columbus Day
Fri Nov 11 Veterans Day
Thu Nov 24 Thanksgiving
Sun Dec 25 Christmas
Mon Dec 26 Christmas Holiday

Pnc Bank

Below are the list of pnc bank holidays in 2022

Jan 1 New Year’s Day Saturday Closed
Jan 17 Martin Luther King Day Monday Closed
Feb 21 Presidents’ Day Monday Closed
April 15 Good Friday Friday Regular Hours
May 30 Memorial Day Monday Closed
Jul 4 Independence Day Monday Closed
Sep 5 Labor Day Monday Closed
Oct 10 Columbus Day Monday Closed
Nov 11 Veterans Day Friday Closed
Nov 23 Day Before Thanksgiving Wednesday Regular Hours
Nov 24 Thanksgiving Thursday Closed
Nov 25 Black Friday Friday Regular Hours
Dec 24 Christmas Eve Saturday Open
(Some locations may choose to close early).
Dec 26 Christmas Day Monday (observed) Closed
Dec 31 New Year’s Eve Saturday Open

USAA Bank

Below are the list of USAA bank holidays in 2022

Jan 1 New Year’s Day Saturday Closed
Jan 17 Martin Luther King Day Monday Closed*
Feb 21 Presidents’ Day Monday Closed*
April 15 Good Friday Friday Regular Hours
May 30 Memorial Day Monday Closed
Jul 4 Independence Day Monday Closed
Sep 5 Labor Day Monday Closed
Oct 10 Columbus Day Monday Closed*
Nov 11 Veterans Day Friday Closed*
Nov 23 Day Before Thanksgiving Wednesday Regular Hours
Nov 24 Thanksgiving Thursday Closed
Nov 25 Black Friday Friday Regular Hours
Dec 24 Christmas Eve Saturday Open
(Some locations may choose to close early).
Dec 26 Christmas Day Monday (observed) Closed
Dec 31 New Year’s Eve Saturday Open

SunTrust Bank

Below are the list of SunTrust bank holidays in 2022

Jan 1 New Year’s Day Saturday Closed
Jan 17 Martin Luther King Day Monday Closed
Feb 21 Presidents’ Day Monday Closed
April 15 Good Friday Friday Regular Hours
May 30 Memorial Day Monday Closed
Jul 4 Independence Day Monday Closed
Sep 5 Labor Day Monday Closed
Oct 10 Columbus Day Monday Closed
Nov 11 Veterans Day Friday Closed
Nov 23 Day Before Thanksgiving Wednesday Regular Hours
Nov 24 Thanksgiving Thursday Closed
Nov 25 Black Friday Friday Regular Hours
Dec 24 Christmas Eve Saturday Open
(Some locations may choose to close early).
Dec 26 Christmas Day Monday (observed) Closed
Dec 31 New Year’s Eve Saturday Open

Citi Bank

Below are the list of Citi bank holidays in 2022

Jan 1 New Year’s Day Saturday Closed
Jan 17 Martin Luther King Day Monday Closed
Feb 21 Presidents’ Day Monday Closed
April 15 Good Friday Friday Regular Hours
May 30 Memorial Day Monday Closed
Jul 4 Independence Day Monday Closed
Sep 5 Labor Day Monday Closed
Oct 10 Columbus Day Monday Closed
Nov 11 Veterans Day Friday Closed
Nov 23 Day Before Thanksgiving Wednesday Regular Hours
Nov 24 Thanksgiving Thursday Closed
Nov 25 Black Friday Friday Regular Hours
Dec 24 Christmas Eve Saturday Open
(Some locations may choose to close early).
Dec 26 Christmas Day Monday (observed) Closed
Dec 31 New Year’s Eve Saturday Open

Capital one Bank

Below are the list of Capital one bank holidays in 2022

Jan 1 New Year’s Day Saturday Closed
Jan 17 Martin Luther King Day Monday Closed
Feb 21 Presidents’ Day Monday Closed
April 15 Good Friday Friday Regular Hours
May 30 Memorial Day Monday Closed
Jul 4 Independence Day Monday Closed
Sep 5 Labor Day Monday Closed
Oct 10 Columbus Day Monday Closed
Nov 11 Veterans Day Friday Closed
Nov 23 Day Before Thanksgiving Wednesday Regular Hours
Nov 24 Thanksgiving Thursday Closed
Nov 25 Black Friday Friday Regular Hours
Dec 24 Christmas Eve Saturday Open
(Some locations may choose to close early).
Dec 26 Christmas Day Monday (observed) Closed
Dec 31 New Year’s Eve Saturday Open

Huntington Bank

Below are the list of Huntington Bank holidays in 2022

Jan 1 New Year’s Day Saturday Closed
Jan 17 Martin Luther King Day Monday Closed
Feb 21 Presidents’ Day Monday Closed
April 15 Good Friday Friday Regular Hours
May 30 Memorial Day Monday Closed
Jul 4 Independence Day Monday Closed
Sep 5 Labor Day Monday Closed
Oct 10 Columbus Day Monday Closed
Nov 11 Veterans Day Friday Closed
Nov 23 Day Before Thanksgiving Wednesday Regular Hours
Nov 24 Thanksgiving Thursday Closed
Nov 25 Black Friday Friday Regular Hours
Dec 24 Christmas Eve Saturday Open
(Some locations may choose to close early).
Dec 26 Christmas Day Monday (observed) Closed
Dec 31 New Year’s Eve Saturday Open

Do ach payments process on holidays?

Ach don’t process payments on holidays but rather during business days. Any direct deposit made during bank holiday or federal holiday will have to wait until the next business day.

As long as you are making a cash deposit or direct deposit during weekdays or bank holiday, it won’t be processed simply because ACH don’t operate on weekends or on a bank or federal holiday.

Will banks process transactions on christmas eve

Banks do Transactions on Christmas eve but the usually close too early.

If you are to make a transaction on Christmas eve, then you have to go to the bank very earl or do it very early because all banks close too early on Christmas eve.

Talking about do banks process payments on bank holidays, kindly note that payments like direct deposit won’t be processed on a bank holiday because of ach are not open, and it will be processed on the next banking day or business day.

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