Yes, most banks close on Presidents Day 2026

Presidents Day falls on Monday, February 16, 2026. Most major banks and credit unions will be closed that day, and the Federal Reserve will not process transfers. This means you cannot visit a branch, use a teller, or move money between accounts at another institution.

However, you can still use ATMs, online banking, and mobile apps to check balances and set up transfers. Those transfers will process the next business day — Tuesday, February 17 — when the banking system reopens.

Some smaller banks and credit unions may have different holiday schedules, so check with your institution directly if you are unsure.

Key Takeaways

  • Most banks and credit unions close on Presidents Day, February 16, 2026, and do not process transfers that day.
  • ATMs and online banking remain available on the holiday, but transfers initiated that day will not clear until Tuesday, February 17.
  • The Federal Reserve does not operate on Presidents Day, so wire transfers and ACH payments will not move through the system.
  • If you need cash or must complete a transaction before the holiday, plan ahead and visit your bank on Friday, February 13, or earlier.
  • Some regional banks and credit unions may have different holiday schedules, so contact your bank to confirm.

Which banks and financial institutions close on Presidents Day

All federally chartered banks close on Presidents Day because it is a federal holiday. This includes the major national banks: Bank of America, Chase, Wells Fargo, Citibank, and US Bank. State-chartered banks that are members of the Federal Reserve also close.

Credit unions typically close as well, though a small number of smaller or online-only credit unions may remain open. Call your credit union ahead of time if you are unsure.

Online banks like Ally, Charles Schwab, and Marcus do not have physical branches, so they do not "close," but they also do not process transfers or wire payments on federal holidays. Deposits and transfers you initiate on Presidents Day will sit in queue until Tuesday.

What you can and cannot do on Presidents Day

You cannot: Visit a branch, speak to a teller, process a wire transfer, move money between banks via ACH, deposit a check at a branch, or get a cashier's check. The Federal Reserve does not operate, so the entire banking system slows down.

You can: Use an ATM to withdraw cash or deposit checks (though the deposit may not post until Tuesday). Check your balance online or through your bank's mobile app. Set up a transfer or bill payment through online banking — it will simply process the next business day. Use a debit card to make purchases.

If you need cash before the holiday, withdraw it on Friday, February 13. If you need to deposit a check, use your bank's mobile deposit feature (photograph and upload through the app) rather than waiting for a branch to reopen.

When transfers and payments will actually process

Any transfer you start on Presidents Day — whether a wire, ACH payment, or bill payment — will not leave your account or reach the recipient until Tuesday, February 17, at the earliest. This is because the Federal Reserve, which clears all interbank transfers, does not operate on federal holidays.

If you are paying a bill that is due on Presidents Day itself, the payment will arrive late. Contact the creditor or biller before the holiday to explain the delay, or pay the bill on Friday, February 13, instead.

Transfers between accounts at the same bank may process faster once the bank reopens on Tuesday, but do not count on same-day processing. Check your bank's policy.

Planning ahead to avoid delays

If you know you will need cash, a deposit, or a transfer around Presidents Day, handle it on Friday, February 13, or earlier in the week. This gives you a buffer and avoids the rush of people trying to bank on the last business day before the holiday.

If you are expecting a paycheck deposit, direct deposit will still post on schedule — most employers process payroll through the banking system days in advance, so your money will land in your account on the normal day even if the bank is closed.

For recurring bills or subscriptions, make sure they are set to process before Presidents Day or after it reopens, not on the 16th itself.

What to do if you need money on Presidents Day

Withdraw cash from an ATM before the holiday. ATMs operate 24/7 and do not close on federal holidays. If you do not have enough cash on hand, visit your bank on Friday, February 13, and withdraw what you expect to need.

If you are out of town or do not have access to your bank's ATM network, use a competitor's ATM — most banks allow this, though you may pay a small out-of-network fee ($2 to $3 typically).

If you have a true emergency and need to speak to someone at your bank, some institutions have holiday customer service lines. Call the number on the back of your debit card to see if yours does.

Frequently Asked Questions

Will my direct deposit still arrive on Presidents Day?

Yes, in most cases. Employers process payroll in advance, and direct deposits land in your account on the scheduled day even if the bank is closed. However, if your employer's payroll system is set to process on Presidents Day itself, the deposit may arrive a day late. Check with your payroll department if you are unsure.

Can I use my debit card on Presidents Day?

Yes. Debit cards work at merchants and ATMs on federal holidays because the transaction routes through the card network, not the bank's branch system. You can make purchases and withdraw cash normally.

What if I need to deposit a check on Presidents Day?

Use your bank's mobile deposit feature if available — photograph the front and back of the check and upload it through the app. The deposit will post when the bank reopens on Tuesday. If your bank does not offer mobile deposit, wait until Tuesday to deposit in person or at an ATM.

Do online banks close on Presidents Day?

Online banks do not have physical locations, so they do not "close," but they do not process transfers or wire payments on federal holidays. Transfers you initiate on Presidents Day will queue and process on Tuesday when the Federal Reserve reopens.

Will my bill payment be late if I send it on Presidents Day?

Yes, likely. Bill payments initiated on Presidents Day will not leave your bank until Tuesday, so they may arrive late depending on the biller's processing time. Pay bills on Friday, February 13, or earlier to avoid a late fee.