Yes, most banks are closed on Presidents Day because it is a standard U.S. federal bank holiday, though a few exceptions stay open and ATMs/online banking still work.

Are banks closed on Presidents Day?

Quick Answer

  • Presidents Day (officially Washington’s Birthday) is a Federal Reserve bank holiday.
  • That means most brick-and-mortar bank branches close for the day.
  • Online banking and ATMs remain available, but some transactions process the next business day.
  • A few banks (for example, TD Bank in some locations) may choose to stay open, so it’s smart to check your specific branch.

What actually closes?

On Presidents Day:

  • Most physical bank branches: closed, with no in-person teller service.
  • Federal Reserve Banks: closed, which is why many payments and transfers pause until the next business day.
  • Many drive‑throughs: closed unless they’re fully automated kiosks.

Still available:

  • ATMs for cash withdrawals and deposits (subject to normal verification delays).
  • Online and mobile banking apps for checking balances, transferring between your own accounts, and paying bills (processing can be delayed).

Mini story: Think of someone scheduling a last‑minute bill on Presidents Day and wondering why it didn’t “go through.” The payment shows as scheduled, but the actual movement of money happens the next business day because the Federal Reserve system is observing the holiday.

How this affects your money

If you have:

  • Direct deposits:
    • Paychecks or benefits scheduled for Presidents Day may show up the business day before or after, depending on your employer and bank’s policies.
  • Online bill payments:
    • You can still schedule or initiate them, but they usually won’t clear until the next business day after the holiday.
  • Wire transfers / ACH transfers:
    • New transfers set up on the holiday almost always process the next business day because the Fed is closed.

A simple rule of thumb: if timing really matters (like a mortgage or credit card due date), try to send the payment at least one business day before Presidents Day.

Do all banks follow this?

Most do, but not every single one is required to:

  • Banks in the U.S. are not legally required to close on Federal Reserve holidays, but they “usually” do so for consistency.
  • Some regionals and community banks may have their own policies; a small number of large banks, like TD Bank, sometimes stay open on certain federal holidays, including Presidents Day in some areas.

Because of that, the safest move is:

  1. Check your bank’s holiday schedule on its website.
  2. Look at special hours if your bank is inside a supermarket or retail store (those sometimes differ).
  3. Use ATM/online options if you only need routine tasks.

Presidents Day and recent trends

In recent years, Presidents Day has increasingly become:

  • A “digital‑first” banking day: people use apps and ATMs while branches stay dark.
  • A big retail sales weekend (mattresses, appliances, cars, and more), which can tempt large purchases while your bank is technically “closed” but your card still works just fine.

This mix can be confusing: stores are buzzing, but your local branch doors are locked. Planning ahead with cash withdrawals or in‑person tasks avoids those awkward “door‑pull on a locked branch” moments. TL;DR: Are banks closed on Presidents Day?
Yes—most U.S. bank branches close because it’s a Federal Reserve holiday, but ATMs and online banking stay available and a few banks may choose to remain open; check your specific bank’s schedule to be sure.

Information gathered from public forums or data available on the internet and portrayed here.