Yes, most banks close on Presidents Day
Presidents Day falls on the third Monday in February. On that day, federal banks close and do not process transactions. This includes all major national banks, most regional banks, and credit unions that observe federal holidays.
If you need to deposit a check, withdraw cash, or handle banking in person, you will not be able to do it on Presidents Day itself. However, the closure does not affect all your banking options — some services keep running even when the branch is dark.
Key Takeaways
- Banks close their physical branches on Presidents Day, but ATMs and online banking stay open 24/7.
- Checks deposited on Presidents Day through mobile deposit or ATM will not clear until the next business day after the holiday.
- Wire transfers, bill payments, and account transfers made on Presidents Day will process the next business day.
- Some banks process refunds and government payments on a delayed schedule around federal holidays, so track your deposit status before the holiday.
What stays open and what closes
Bank branches themselves close on Presidents Day. You cannot walk in, speak to a teller, or use the drive-through. The Federal Reserve also closes, which means the banking system itself runs on a holiday schedule.
ATMs stay open. You can withdraw cash, check your balance, and deposit checks through your bank's ATM network on Presidents Day. Mobile deposit — taking a photo of a check through your bank's app — also works on the holiday.
Online banking portals stay open. You can log in, transfer money between your own accounts, pay bills, and check balances anytime. However, transactions you initiate on Presidents Day will not process until the next business day.
How refunds and government payments are affected
Tax refunds, stimulus payments, and other government deposits scheduled to arrive on Presidents Day will usually land in your account on that day, even though banks are closed. The Federal Reserve processes these payments on the holiday itself, and they show up in your account automatically.
However, if your refund or payment was scheduled to arrive on a Friday and Presidents Day falls on Monday, the deposit may arrive on Friday instead — the business day before the holiday. Check your tracking status a few days before Presidents Day to see the actual deposit date.
Insurance refunds and business refunds follow the same pattern. They process on schedule regardless of the bank closure, but if the timing falls near the holiday, the company sending the refund may adjust the date by a day or two. Contact the issuer if you are unsure when to expect it.
When deposits and payments actually clear
Checks you deposit on Presidents Day through an ATM or mobile deposit will not clear until the next business day — which is Tuesday if Presidents Day is Monday. The bank does not process the deposit until it reopens.
Transfers between your own accounts initiated on Presidents Day will complete the next business day. Bill payments you schedule on Presidents Day will also process the next business day, so plan ahead if you have a bill due on or shortly after the holiday.
Wire transfers initiated on Presidents Day will not go out until Tuesday. If you need money to move urgently, initiate the transfer before the holiday closes.
Planning ahead for Presidents Day
If you need cash, withdraw it before Presidents Day. ATMs work on the holiday, but lines can be longer than usual, and some machines run out of cash during extended closures.
If you are waiting for a refund or government payment, check the tracking status or your bank account a day or two before the holiday. Most deposits arrive on schedule, but knowing the exact date removes uncertainty.
If you have bills due around Presidents Day, pay them a day or two early. Payments initiated on the holiday itself will not process until the next business day, which could create a timing issue if the due date is tight.
If you need to deposit a check and cannot use mobile deposit or an ATM, wait until Tuesday. Hand-delivered deposits require a teller and cannot be processed on Presidents Day.
What to do if something goes wrong
If you initiated a transfer or payment on Presidents Day and it has not cleared by Wednesday, contact your bank. Most transactions process within one business day of the holiday, so a delay beyond that warrants a call.
If a refund or government payment was supposed to arrive by Presidents Day and it has not shown up by Tuesday, check your tracking status online first. If the status shows it was sent, your bank may have received it but not yet posted it to your account — this can happen during holiday processing.
If you deposited a check through an ATM on Presidents Day and it still has not cleared by Thursday, call your bank's customer service line. ATM deposits occasionally get stuck in processing, especially during holidays.
Frequently Asked Questions
Can I use my debit card on Presidents Day?
Yes. Debit cards work at merchants, ATMs, and online retailers on Presidents Day. The bank closure does not affect card transactions. Only in-person branch services are unavailable.
Will my direct deposit arrive on Presidents Day if it is scheduled for that day?
Yes. Employers and government agencies process direct deposits on schedule regardless of bank closures. The deposit will land in your account on Presidents Day itself, even though your bank branch is closed.
What if I need to speak to someone at my bank on Presidents Day?
Most banks offer phone support on federal holidays, though wait times are longer. Check your bank's website or the back of your debit card for the customer service number. Some banks also offer chat support through their app or website.
Do credit unions close on Presidents Day?
Most credit unions close on Presidents Day, but some remain open. Call your credit union directly or check their website to confirm their holiday hours. ATMs and online banking work the same way as at banks.
If I deposit a check on Presidents Day through mobile deposit, when will it clear?
The check will clear the next business day, which is Tuesday if Presidents Day is Monday. Mobile deposit works on the holiday, but the bank does not process deposits until it reopens.