BANKS IN THE U.S. TO OBSERVE NEW YEAR’S DAY HOLIDAY ON JANUARY 1, 2025

As the calendar flips to a new year, banks across the United States will be closed on January 1, 2025, in observance of New Year’s Day. This federal banking holiday is a time for banks to close their doors and allow employees to celebrate the start of a new year with family and friends.

ALL FEDERAL RESERVE BANKS AND BRANCHES TO BE CLOSED

As a federal banking holiday, all Federal Reserve banks and branches will be closed on January 1, 2025. This means that customers will not be able to conduct in-person banking business, such as depositing or withdrawing funds, applying for loans, or accessing safe deposit boxes.

ONLINE BANKING SERVICES TO REMAIN AVAILABLE

While bank branches may be closed, online banking services will still be available to customers. You can access your accounts, check balances, transfer funds, and conduct other banking transactions through your bank’s website or mobile app.

ATMS TO REMAIN OPERATIONAL

If you need cash on January 1, 2025, you can still access ATMs to withdraw funds. Keep in mind that some ATMs may have limited cash availability or may be temporarily out of service due to the holiday.

SPECIAL HOLIDAY HOURS MAY APPLY

Some banks may have special holiday hours or arrangements in place for January 1, 2025. If you need to conduct banking business on this day, it’s a good idea to check with your local bank to see if they have any alternative hours or services available.

NEW YEAR’S DAY BANK HOLIDAY TRADITION

The New Year’s Day bank holiday is a long-standing tradition in the United States. It’s a time for banks to close their doors and allow employees to celebrate the start of a new year. The holiday is also an opportunity for banks to perform routine maintenance and updates to their systems.

In conclusion, banks in the U.S. will be closed on January 1, 2025, in observance of New Year’s Day. While online banking services and ATMs will still be available, customers should plan ahead and check with their local bank for any special holiday hours or arrangements.