The Easter weekend is here, and we hope you are ready to celebrate the festival with your family and friends. In observance of the festival, many outlets across the country, including stores, restaurants, and offices, remain closed.
However, if you are in need of cash or want to perform any financial transactions, you could be in a fix, as banks usually remain closed on holidays. But what about Easter Monday? Are banks closed on Monday as well? Read on to find out.
Are Banks Open or Closed on Easter Monday 2023?
All major banks across the country will remain open on Easter Monday, April 10th. While many countries observe the day following Easter Sunday as a public holiday, the day is not recognized as a federal holiday in the US. Hence, all banks will function normally during their usual working hours on April 10th. So you can plan your banking activities accordingly. Here is a list of banks that will surely be operational on Easter Monday:
- Bank of America
- Bank of the West
- BMO Harris Bank
- Capital One Bank
- Chase Bank
- Citi Bank
- Citizens Bank
- Fifth Third Bank
- First Citizens Bank
- Huntington Bank
- M&T Bank
- Regions Bank
- Santander Bank
- TD Bank
- Wells Fargo Bank
On the other hand, most of the banks in the UK will be closed on Easter Monday, including Barclays, Halifax, HSBC, Lloyds, NatWest, Royal Bank of Scotland, Santander, and TSB. Metro Bank will still be operational in the country from 11 am to 5 pm as its branches remain functional 362 days a year, having holidays only on New Year’s Day, Easter Sunday, and Christmas Day.
Will the Stock Market be Operational on Easter Monday?
The stock markets do not follow the same holiday schedule as the Federal Reserve. Hence, its operational days vary from that of banks. For example, Good Friday is not considered a federal holiday, and banks were open on April 7th; however, the stock market remained non-operational on that day.
On the other hand, the stock market will open on Easter Monday. All the major exchanges, including Nasdaq, Cboe, and New York Stock Exchange, will function during normal working hours on April 10th. However, the London Stock Exchange will remain closed.
When are Banks Closed in the US?
Banks and other offices remain closed on federal holidays recognized by the US government. Here is the list of bank holidays in 2023:
New Year’s Day: January 1st
Martin Luther King, Jr. Day: January 16th
Washington’s Birthday (Presidents’ Day): February 20th
Memorial Day: May 29th
Juneteenth: June 19th
Fourth of July: July 4th
Labor Day: September 4th
Columbus Day: October 9th
Veterans Day: November 11th
Thanksgiving Day: November 23rd
Christmas Day: December 25th
If a holiday falls on a Sunday, the bank will observe the holiday on the subsequent Monday. However, if a holiday occurs on a Saturday, the bank will remain operational on the preceding Friday.
So go ahead, and celebrate the festival without worrying about the banking transactions. Stay tuned for more news and updates.