It’s Presidents’ Day on Feb. 15, 2016 and if you’re like most Americans, you probably don’t even know which presidents are being honored (guess what, it’s all of them!) because you’re more concerned about enjoying the day off. But there’s an important reason you should pay attention to this holiday — your bank will most likely be closed and that means get your financial errands done early! To help get you started, MyBankTracker put together a bank holiday schedule for Presidents’ Day.

Chase Presidents Day Bank Schedule


Presidents’ Day bank holiday schedule: Which banks are open or closed?

Not all banks will be closed on Presidents’ Day, despite the fact that it’s a federal holiday. Some banks, like TD Bank and Wells Fargo branches, will keep their doors open.

BanksPresidents' Day 2016
Bank of AmericaClosed
Wells FargoOpen
U.S. BankVaries by branch. Call your local branch.
Capital OneClosed
PNC BankClosed (except supermarket branches)
TD BankOpen
SunTrust BankClosed (except in-store locations)
Fifth Third BankClosed
Regions BankClosed
Union BankClosed
BMO Harris BankClosed
M&T BankClosed
Citizens BankClosed
BBVA Compass Bank
Santander BankClosed

How the bank holiday schedule affects you

When I say get your financial errands done early, it means that you should try to complete the task before your bank’s cut-off time, which is when the bank stops processing transactions. If you don’t need to go into a branch but have to pay some bills online, keep in mind there’s also a cut-off time for online transactions too. (Unfortunately, every bank is different when it comes to cut-off times.)

Did you know? In 2012, financial disclosure forms released by the White House revealed President Obama had over $500,000 in his Chase bank account.

Also, banks don’t process transactions on Presidents’ Day, so if you deposited a check after the cut-off time, don’t expect it to clear by Monday. You need to wait until the next business day, which is Tuesday, Feb. 16. Keep in mind there are many reasons why funds don’t clear right away, outside of meeting cut-off deadlines.

Did you know? Our nation’s 20th president, James A. Garfield, died penniless.

James A. Garfield

Fun facts about presidents and their money

It pays to be president. Historically, the great leaders of our nation were rich — before, during and after their presidency. President George Washington still tops the list as the wealthiest president in U.S. history. Washington owned a lot of land, and if he were alive today, he’d be worth $525 million.

Money fact: Alexander Hamilton ($10 bill) and Benjamin Franklin ($100 bill) are the only two non-presidents to appear on U.S. bills.

Alexander Hamilton
Alexander Hamilton

In recent years, Bill Clinton is the wealthiest former president who is still alive. He and Hillary are estimated to be worth about $55 million. In 2013, Hillary reportedly received $14 million as an advance for inking a book deal.

Did you know? President Obama prefers low-risk investments and has a 30-year mortgage.

So how does our current president stack up? While President Obama isn’t on the top 10 list of richest presidents, he’s not exactly in the poor house either. When he first ran for office, he was worth about $1.3 million. He’s now worth about $7 million, which means his wealth increased by 438 percent! If only the middle class could figure out a way to increase their net worth like that…

Presidents’ Day holiday weekend

In addition to the holiday, this weekend will be extra busy because Valentine’s Day falls on Sunday — another reason to get moving early, especially if you’re going out of town. You don’t want to be short on cash for your date, do you? (Don’t forget to use your credit card rewards to help make Valentines’ Day less expensive.)

So before you dive in to the three-day weekend, don’t forget to pay your bills and deposit your checks early. It’s what the presidents would want you to do.

Did you enjoy this article? Yes No
Oops! What was wrong? Please let us know.

Ask a Question

  • Anonymous

    This article is not correct, all Chase branches will be open on president’s day in 2015

    • Thank you for a shout-out! We have corrected the mistake. Chase bank is Open on Monday.

    • ctak

      Hi, thanks for the comment. At the time this was written, a Chase rep informed me that they would be closed on Presidents’ Day and recommended that customers call individual branches to see if they are open. But yes, Chase Banks will keep their doors open on Presidents’ Day.

  • highinterest

    Now we know one more reason why President Obama’s Department of “Justice” doesn’t go after JPMorganChase for all their assorted misdeeds.

    And isn’t amazing how wealthy “low-risk investment” President Obama has gotten while in “public service”?