Why Are Banks Closed Today

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Why Are Banks Closed Today

Banks are closed today because of federal holidays. The Federal Reserve observes 11 federal holidays each year that could affect the availability of your funds at your bank and delay any deposits you have made or plan to make. A federal holiday may also mean that your local branch is closed.

If your bank is closed on a federal holiday—or because of special circumstances like an emergency situation or global pandemic—you can still fulfill most of your banking needs by visiting ATMs and accessing your bank account online or through your bank’s mobile app.

In addition to federal holidays, some states observe their own holidays. For example, Juneteenth is a state holiday in some states and a paid day off for many private employers. Most businesses are open on Juneteenth but banks and USPS are closed .

Here are some websites that discuss Why Are Banks Closed Today:
– https://www.forbes.com/advisor/banking/are-banks-open-today/
– https://www.bankrate.com/banking/are-banks-open-today-federal-reserve-system-holidays/
– https://www.cnn.com/2023/03/20/investing/banking-crisis-credit-suisse-first-republic/index.html

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