Are Banks Open on Veteran's Day 2023?

Saturday, Nov. 11, 2023, is Veteran’s Day. Since it’s a federal holiday, many businesses close to give their employees the day off. However, closing isn’t required, which means many places are open on Veteran’s Day, too. As a result, many people wonder, “Are banks open on Veteran’s Day 2023?” If you’re among them, here’s what you should know.

Are Banks Open on Veteran’s Day 2023?

Generally, no, banks aren’t open on Veteran’s Day. There are many reasons why the bank schedule for Veteran’s Day 2023 typically involves a closure. First, Veteran’s Day is a federal holiday, and many banks choose not to open for it. Second, not all banks open on Saturdays, regardless of whether there’s a holiday.

Since Veteran’s Day is on a Saturday in 2023, banks may also close on Friday, November 10. The reason is because that’s the day the federal government observes the holiday, essentially ensuring that most government employees get the day off. For banks that don’t open on Saturdays, a Friday closure is likely. For banks that do typically open on Saturdays, a Friday closure may or may not occur. As a result, it’s best to check with your preferred branch if you want to bank on November 10, 2023.

Are Credit Unions Open on Veteran’s Day 2023?

In most cases, credit unions use a similar operating schedule to what you see at banks. As a result, credit unions will typically be closed on Veteran’s Day.

As with banks, credit unions may also close on Friday, November 10, 2023, as that’s the day the federal government observes the holiday since it falls on a Saturday this year. However, credit unions that usually operate on Saturdays may only close on Veteran’s Day proper or might not open on either day. In most cases, it’s best to check with your preferred location in advance if you are hoping to handle transactions in person on November 10 this year.

2023 Bank and Credit Union Holiday Schedule

Technically, each bank and credit union can set its own holiday schedule. However, most choose to match theirs to the federal one. Since that’s the case, you can typically use the federal holiday schedule as a general guide, allowing you to anticipate when banks and credit unions may close.

Here is a quick look at the 2023 bank and credit union holiday schedule:

New Year’s Day (observed) – Monday, January 2, 2023
Martin Luther King, Jr. Day – Monday, January 16, 2023
President’s Day – Monday, February 20, 2023
Memorial Day – Monday, May 29, 2023
Juneteenth – Monday, June 19, 2023
Independence Day – Tuesday, July 4, 2023
Labor Day – Monday, September 4, 2023
Columbus Day – Monday, October 9, 2023
Veterans Day (observed) – Friday, November 10, 2023
Thanksgiving Day – Thursday, November 23, 2023
Christmas Day – Monday, December 25, 2023

It’s also important to note that banks and credit unions are also incidentally closed on a few holidays. Since Easter, Mother’s Day, and Father’s Day occur on Sundays, financial institutions usually aren’t open for them. However, the closures are primarily based on those holidays happening on Sundays and not because of the holidays themselves.

Additionally, there are a few days each year when banks and credit unions may close early. It’s most common on the day before Thanksgiving, Christmas Eve, and New Year’s Eve, though that isn’t universal. As a result, you may want to contact your nearest branch before those days if you were hoping to handle transactions then, allowing you to find out if your preferred financial institution may shut down early before you plan your trip.

Do you think that banks and credit unions closing on federal holidays makes sense? Have you ever wanted to go to a financial institution only to discover they were closed for a holiday? Share your thoughts in the comments below.

Read More:

Come back to what you love! Dollardig.com is the most reliable cash back site on the web. Just sign up, click, shop and get full cash back!

Tamila McDonald

Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.