Are Banks Open or Closed for Memorial Day 2015?


Are banks open on Memorial Day


It can get quite confusing as to what is and isn’t open when the different federal holidays roll about each year. This is because just because a federal holiday is being celebrated doesn’t necessarily mean banks and credit unions will be open or closed on that day. Each financial institution chooses for themselves whether they will be opened or closed for each holiday, and this varies from holiday to holiday. With Memorial Day landing on May 25, 2015, many people will need to know whether or not banks will be opened or closed on Memorial Day.

No, most banks are closed on Memorial Day.

While it’s still common for banks to be closed on federal holidays, there has been a tiny trickle of banks that remain open on some of these holidays. The best-known bank which often remains open on holidays is TD Bank, but Memorial Day is one of the holidays where even the TD bank closes its branches. That doesn’t mean everything will be closed, but your options will be severely limited. Your best bet at finding a bank that’s open is one that is located within a large retail store which will remain open on Memorial Day.Open Banks

  • US Bank: Branches may be open until 2 pm (call to confirm)
  • PNC Bank: Supermarket branches only will be open
  • SunTrust:  Only In-store branches will be open

Some US Bank branches may operate on limited hours on Memorial Day until 2:00 PM, but if you have a branch in your area, you should call to confirm. PNC Bank and SunTrust branches located in retail stores and supermarkets will be open, but they may have limited hours.

Closed Banks

  • Bank of America
  • Capital One
  • Chase
  • Citibank
  • HSBC
  • PNC Bank: Regular branches
  • SunTrust: Regular branches
  • TD Bank
  • Wells Fargo

No, most credit unions are closed on Memorial Day.

Credit unions are similar to banks when it comes to federal holidays, and the vast majority of them remain closed to observe the holiday. There may be some regional credit unions which remain open, but this will be the exception to the rule rather than the rule itself. There’s also a better chance that credit unions located in retail outlets such as grocery stores may be open for limited hours on Memorial Day. If you are unsure whether or not a local credit union will be open or not, you should always call to confirm so that you don’t waste your time.

Even though most banking credit union branches will be closed on May 25, 2015, that doesn’t mean you will be unable to do any banking. Many basic banking services do not require you to go into a bank branch these days. If you have some type of banking to do, there’s a good possibility you may be able to get it done by using the bank’s ATM machines, going to the bank’s website, or using the banks cell phone app. Many times you can bank 24 hours a day, seven days a week using these alternatives to the bank branch. While you won’t be able to do all banking transactions this way, most basic transactions can now be performed this way.

Those who do use the bank’s website, ATM machine, or phone app need to realize any transaction performed may not be instantly available. For example, those who deposit a check using one of these methods may not have immediate access to the funds of the check, and will have to wait for the check to clear. Other transactions may not hit the bank’s records until the following business day.



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