All the national bank holidays 2020.
The 2020 year is coming to an end, just a few days left and we enter into a new year, another bunch of federal holidays.
So on this post, you will get all the national bank holidays 2020 or you can also call it US federal holiday.
On this holiday, banks and other organizations across the country are closed, though the likes of TD bank do open on some of the national holidays like on veterans day, Columbus Day, and the president’s day.
What is a national bank holiday
You can call it national or the federal bank holidays.
This is a public or federal holiday, in the whole of the United States, where all banks and other organizations are closed, in the celebration of an event like Christmas, veterans, Columbus day, etc.
Organizations that include banks are closed, but it is not all, some firms don’t observe some of these holidays, apart from the compulsory independence day.
What’s remaining in 2019 is the Christmas celebration which is on Wednesday next week, that is the 25th of December as Christians all over the world and not just the United States, celebrate the birthday of Jesus Christ. So Christmas day is usually the last national bank holiday in a given year.
Let’s move on to the national holidays which affects the bank also, please note that I will give a little summary of each event.
National bank holidays 2020
January is the beginning of the year, and this is where to start, the month of January to December, according to the Gregorian calendar is the calendar used in most of the world. It is named after Pope Gregory XIII, who introduced the calendar in October 1582.
January national bank holidays
January and November are the only months that we have two national bank holidays in the same month, others are just one celebration only. In January 2020, the holidays we are are;
1. The New Year Day – Wednesday 1st
Almost all countries of the world have January 1st at the begging of the new year, though some Asian countries don’t see it like that.
So 1st January, we do have a national holiday in the United States and this involves all the firms or organizations to be closed.
All banks are closed on this very day, including TD bank.
2. Martin Luther King Jr. Day – 20th Monday
The second bank holidays in January is Martin Luther King, Jr. Day, which is on the third Monday in January.
So this month it falls on the 20th day of the month.
He celebrates the life and achievements of Martin Luther King Jr., an influential American civil rights leader.
He is most well-known for his campaigns to end racial segregation on public transport and for racial equality in the United States.
That’s the national bank holidays we have in January 2020, next is February.
February Federal Bank Holiday
In February what we have is on one federal or national bank holiday and which is the president’s day
The President’s Day – 17th Monday
The president’s day that is being celebrated, to mark George Washington’s birthday, whose birthday is on February 22, 1732.
However, George Washington’s birthday is celebrated in the third month of February. In 2020, it falls on the 17th day of the month.
Banks like the chase, wells Fargo, Citi, Bank of America, usaa, etc observe this very day and are closed, but td bank doesn’t observe it at all.
On the 17th of February 2020, if you are a TD bank customer, your bank will operate on that day.
May national bank holidays
Another month we have a national holiday is in May, which Memorial Day is being observed.
1. The Memorial Day – 25th Monday
As the name implies, memorial day is a federal holiday in the United States in remembrance and honoring the military personnel who died while serving in the United States Armed Forces.
This is different from the veteran’s day, as it the day to celebrate all military personnel, dead or alive that served in the US armed forces.
Just like others, the memorial day doesn’t have a fixed date, but it is observed on the last Monday of May in a given year.
For the national bank holidays, yes we do have it and it includes all banks in the country.
July Federal Holiday
No federal holiday in June, but there is in July and that is Independence Day.
There’s nobody in the state that doesn’t know this very day, and on the independence day, all banks are closed except for the atm.
1. The Independence Day – 4th Saturday
The independence day date is fixed, unlike others, on every 4th day of July, Americans do celebrate this very day which marks the declaration of independence from Great Britain in 1776.
This year’s independence day is on the 4th of July which is Saturday.
On this very day, all banks and their branches are closed and it also includes other public offices or organizations.
September national bank holidays
After July, the next month we do have a federal holiday is in September, which 7th of the month is the labor day.
1. Labor day – 7th Monday
Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers.
It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.
So note that every first Monday in September, is the labor day and bank do observe this very day, we do have a bank holiday on labor’s day.
October national bank holiday
After the labor day is the Columbus day holiday which is the celebration of Christopher Columbus in America.
Columbus Day – 12th Monday
Columbus Day is a U.S. holiday that commemorates the landing of Christopher Columbus in the Americas in 1492.
Columbus Day is a public holiday in just 34 states and 1 federal district in the United States.
Chase bank, wells Fargo, Bank of America, Citi bank, usaa, pnc, and others are closed on the Columbus day, but td bank is open for operation. They don’t observe this bank holiday at all.
November national Bank Holidays
In November, we have two national bank holidays which are the veterans and Thanksgiving day.
1. Veterans Day – 11th Wednesday
Veterans days is a federal bank holiday in the United States observed annually on November 11, for honoring military veterans, that is, persons who have served in the United States Armed Forces.
We have national bank holidays on this very day and banks other than to bank do observe it.
2. Thanksgiving Day – 26th Thursday
Thanksgiving Day is another national holiday celebrated on various dates in the United States.
Thanksgiving day is not only applicable to the US but also countries like Liberia, Canada, and some Caribbean countries.
The event began as a day of giving thanks and sacrifice for the blessing of the harvest and of the preceding year.
It is observed on the 4th Thursday in the month of November, which usually is the last Thursday of the month.
2020 thanksgiving is on November 26th and this is usually the period or the day of the popular black Friday sales. On the thanksgiving day, we do have a national bank holidays, and it includes all banks across the country.
December National Bank Holidays
The last is the month of December and a festive period as it marks the end of the year, coupled with the birth of Jesus Christ which is on 25th of December.
2020 Christmas day celebration falls on a Friday, and on this very day, all companies, banks, schools, offices are closed, whether you’re are Christian or not.
It is a day of big celebration coupled with new year which is seven days later. There’s no boxing day holiday, except for in UK and Ireland.
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So these are the national bank holidays in 2020, you can note it down somewhere and plan ahead.