Chase is among one of more than 6,600 U.S. banks, but it holds about 9 percent of the country’s bank deposits (more than $1 trillion). When a bank of that size closes for the holidays, it’s safe to say that the potential impact on customer finances is pretty expansive. Observed on the third Monday of every January, MLK Day will land Jan. 19 this year, giving many Americans a three-day weekend. Find out if Chase Bank is open on Martin Luther King Day.

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MLK Day holiday hours

All Chase bank branches will be closed on Martin Luther King’s Day — the first federal holiday of the year. They won’t be alone though, as the majority of the 10 biggest banks in America will also remain closed — with the exception of TD Bank and U.S. Bank. If you are a U.S. Bank customer, call the local branch to confirm their bank holiday schedule for this day, as some of their branches may stay closed.

Since MLK Day isn’t a business day, banking transactions will not be processed on this day. A business day refers to Monday through Friday and excludes weekends and federal holidays. Like most banks, Chase follows their holiday hours in accordance with Federal Reserve.

What to do when Chase Bank is closed for the holidays

Since bank transactions and processing will also be “taking a day off,” you should take care of your time sensitive banking tasks earlier.

If your check is deposited the last business day before the cut-off time, it will be processed as usual. Note that checks usually take one business day to be processed but if the check is deposited after the cut-off time, deposits will not be processed until at least the evening of Tuesday — Jan. 20, 2015. It’ll take about six days, including the holiday and weekends, for your deposit to be available.

If you missed your chance to make a visit to the bank, remember, you can still use your bank’s website or mobile banking. Also, your bank’s ATM will be open, in case you need cash. As always, you can call your bank’s customer service phone number if you have any questions that need to be addressed.

Chase services for the holidays

Even though Chase is closed on MLK Day,here are some services Chase customers can use on this day, and the cut-off times for these transactions.

Chase QuickPay

It’s free, fast and convenient. For Chase customers, QuickPay should be the go-to method to send money. If you need to send money on MLK Day, don’t worry too much about the delay in getting the funds cleared — it is very fast. Here’s Chase’s policy on QuickPay transfers between Chase accounts, depending on when the recipient accepts the payment:

  • On a business day before 10 p.m. EST: Funds will be available immediately.
  • On a non-business day or after 10 p.m. EST on a business day: Funds will be available for immediate cash withdrawal at ATMs and for online transactions, but they will not be available to pay offline payments (such as checks) until the next business day.

Generally, you can expect that QuickPay transfer to be processed rather quickly. Between non-Chase accounts, however, the transfer could take up to four business days.

Chase mobile deposit

Being able to deposit checks with just your smartphone is another convenient feature that Chase offers. However, the wait time for checks to be cleared if you deposit it through your smartphone is similar to depositing through an actual Chase ATM. Here’s how long it takes for funds to clear if you use your smartphone for a mobile deposit:

  • Mobile deposits submitted before 11 p.m. EST on a business day: Funds are generally available the next business day.
  • Mobile deposits submitted after 11 p.m. EST on a business day, or submitted on a non-business day: Funds are generally available within two business days.

Online Bill Pay

Bill Pay lets you make a payment to almost anyone with a U.S. mailing address. You don’t even need to know their bank account information. It’s fast, easy, convenient and guaranteed. Here is the policy for Chase’s Online Bill Pay:

  • Online Bill Pay set before 8 p.m. EST on a business day: Processed on the same day.
  • Online Bill Pay set after 8 p.m. EST: Processed the following business day, while recurring payments that happen on a weekend or federal holiday will be scheduled for the last business day before the weekend or federal holiday.

Note that the cut-off times for same-day payments varies by service.


The ATM is a very convenient and easy ways to get your money as they are usually open 24 hours, except on rare occasions when it may be closed due to technical issues. Note that the fee can be quite expensive if you’re using it at a non-Chase ATM, so be sure to check out six ways to avoid all ATM fees.

Deposits made at ATMs are similar to walking into the bank and seeing a teller, but of course you can make deposits and withdrawals after regular bank hours. Non-cash deposits made at the ATM after the business day cut-off time will not be processed until the next business day. Note that the cut-off times differ among ATM machines, depending on its location. The cut-off time will be posted on the machine.

Cash deposits will be immediately available for cash withdrawal (even non-business day deposits). For check deposits, generally, the first $200 will become available if deposited before the cut-off time on a business day. If it’s made after the cut-off time, weekends, or holidays, the first $200 will be become available for withdrawal on the next business day.

Cut-off times are important

Keep in mind that cut-off times are a way for the bank to determine when your transactions will be processed.

Here are business day cut-off times for Chase:

  • 8 p.m. EST for bill payments or external transfers
  • 11 p.m. EST for internal transfers, except for investment transfers
  • 11 p.m. EST for payments to a Chase loan or credit account from a Chase checking account
  • 8 p.m. EST for payments from a non-Chase checking account, with the exception of payments to a Chase credit card account, which is 8 p.m. EST, and payments to a Chase mortgage, which is 7:30 p.m. EST

Other closings

In addition to Chase, the majority of the top 10 banks in the U.S. will also be keeping its doors shut for MLK Day. Additionally, government offices, public schools, and the post office will be closed on Monday. The stock market will also be closed.

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