Many banking customers are wondering if their banks will be open at all on New Year’s Eve and New Year’s Day. Landing at the end of a work week, the end of the year holidays are sure to affect your bank hours.
Here are the banks that will be open during New Year’s Day and the holiday bank hours for the biggest banks in America.
New Year’s Eve is not only a night of celebration, but it’s also the last business day of the year, which means you need to get your financial tasks completed by this day.
Here are the holiday bank hours for New Year’s Eve and New Year’s Day (exact hours may vary based on certain branches — please call your local branch for specific holiday hours):
| Banks | New Year's Eve | New Year Day |
|---|---|---|
| Bank of America | Regular hours | Closed |
| Chase | Regular hours | Closed |
| Wells Fargo | Regular hours | Closed |
| Citibank | Regular hours | Closed |
| U.S. Bank | Regular hours | Closed |
| Capital One | Regular hours | Closed |
| PNC Bank | Closes at 12 p.m. (supermarket branches may vary) | Closed (includes supermarket branches) |
| TD Bank | Closes at 6 p.m. | Open |
| BB&T | Regular hours | Closed |
| SunTrust Bank | Regular hours | Closed (includes in-store locations) |
| Fifth Third Bank | Regular hours | Closed |
| Regions Bank | Closes at 4 p.m. | Closed |
| Union Bank | Regular hours | Closed |
| BMO Harris Bank | Closes at 3 p.m. | Closed |
| M&T Bank | Closes at 3 p.m. | Closed |
| KeyBank | Closes at 3 p.m. | Closed |
| Citizens Bank | Closes at 2 p.m. | Closed |
| BBVA Compass Bank | Regular hours | Closed |
| Santander Bank | Closes at 3 p.m. | Closed |
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New Year’s Holiday Bank Hours
As a federal holiday, all of the largest banks in the U.S. will be closed on . This includes the in-store and supermarket branches of PNC and SunTrust Bank.
All banks will remain open on New Year’s Eve, with half — including Bank of America, Chase, Citibank, U.S. Bank, BB&T and SunTrust Bank — resuming their regular schedule.
The other half of the banks — including Wells Fargo, PNC Bank, Capital One and TD Bank — will close earlier, between 2 p.m. to 6 p.m.
It is important to remember that the holiday bank schedule may or may not affect the in-store and supermarket locations.
In the case of PNC Bank, some of their supermarket locations will resume their normal hours, despite the fact that their bank branches are expected to close by 4 p.m. on New Year’s Eve.
Now:
These bank hours may not apply to every single branch of our bank.
Make sure to call ahead to find out the exact holiday schedule for your local branch or in-store locations.
What Does It Mean When Your Bank is Closed?
Regardless of whether or not your bank is open, banking transactions will not be processed on federal holidays (like New Year’s Day). New Year’s Eve is not a federal holiday, which means all the checks that are deposited on this day before the cut off time will be processed as usual.
Generally, checks take one business day to be processed but since the next day is New Year’s Day, the deposits will not be processed. This means it will not be processed until at least Monday.
Therefore, it will take 3-4 days (including the holiday and the weekend) for your deposit to clear.
What You Can Do If the Bank is Closed
Even if you can’t make it to your bank, it is still possible to fulfill those financial duties seamlessly by planning ahead.
Firstly, if you have any bank errands that will require the help of a banker or a teller, visit the bank before the holiday kicks in.
Secondly, you can turn to your bank’s online and mobile banking services for most transactions.
Finally, in the case that you need extra cash, remember that you will have full access to the ATMs all throughout the holiday.
Other Closings
Banks aren’t the only place affected by the federal holidays.
In fact, schools, post offices, and government offices, will all remain closed, as well as some retail businesses.
The stock market will also be closed.
On New Year’s Eve, the government will open as usual. It will be half days at the stock market, as it will close at 1 p.m. EST.
The team at MyBankTracker would like to wish you a Happy New Year!
Theresa is a research analyst at MyBankTracker.com. She is an expert in bank fees and policies, money psychology and consumer spending.
