The question of whether New Year's Eve is a bank holiday often arises as the year draws to a close. The answer is a resounding no. Most banks will remain open on New Year's Eve, December 31, 2025. This is because New Year's Eve is not a federal holiday, and banks will operate on their regular schedule or with adjusted hours. However, it is essential to check with local branches, as some may close early or operate on a reduced schedule for the holiday. It is best to confirm the specific hours with the individual bank, as closing times can vary.
On New Year's Day, January 1, 2025, banks will be closed in observance of the federal holiday. While most banks will be open on New Year's Eve, some may close early, or close their doors earlier than usual. Banks are open on New Year's Eve in 2025 because it falls on a Wednesday this year and it is not a federal holiday. However, banks will be closed on New Year's Day, as it is a federal holiday.
In rare instances, some banks may close early or on a shortened schedule. It is advisable to verify the operating hours of your specific bank branch. Many banks, including City National Bank, will be open on December 31, 2025, and the U.S. Federal Reserve Banks will also be open. The holiday schedule for banks and credit unions typically includes federal holidays, and businesses will close on January 1, 2025, for New Year's Day, but most banks will be open on New Year's Eve, December 31, 2025.
Banks and credit unions will close on the following holidays: New Year's Day, January 1, 2025. Despite some branches reducing their opening hours on New Year's Eve, banks in the United States remain open in general as it is not a federal holiday. This is important for customers who need to conduct financial transactions or access services before the New Year. If you are unsure, it is best to check with your local bank branch or through their official website.
It is important to note that grocery store hours also differ, with chains like Walmart remaining open both days, while others like Aldi and Costco will close entirely on January 1. This is the perfect time of year to get your holiday shopping done at a location like Walmart that will be open.
It is a common misconception that banks are closed on New Year's Eve. As mentioned above, banks are open on New Year's Eve in 2025 because it falls on a Wednesday this year and it is not a federal holiday. However, banks will be closed on New Year's Day, as it is a federal holiday. On New Year's Day, Wednesday, January 1, 2025, banks will be closed in observance of the federal holiday.
Conclusively, New Year's Eve is not a federal holiday, and banks will generally remain open. However, it is crucial to confirm the specific hours with your local branch to avoid any inconvenience.
