Many believe Columbus Day is a federal holiday, but this is not the case. The 10th of October is a day to remember Christopher Columbus’s voyage to the Americas, but it is not a day off for most workers. So, if you’re wondering whether or not your bank will be open on Columbus Day, the answer is probably yes.
Is Columbus Day 2022 A Bank Holiday?
Bank holidays in the United States are typically observed on Mondays, and Columbus Day is no different. This year, Columbus Day falls on Monday, October 11. That means banks will be closed, and there will be no mail delivery.
How Do Federal Holidays Work?
In the United States, 10 federal holidays are regulated by the Federal government. These holidays are:
- New Year’s Day
- Martin Luther King Jr. Day
- George Washington’s Birthday
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
Holidays that fall on a Saturday are observed on the previous Friday, and holidays that fall on a Sunday are observed on the following Monday. For example, this year, Memorial Day will be observed on Friday, May 28th. All federal offices will be closed these days, as well as some banks and businesses. However, on federal holidays, many stores and restaurants remain open during regular business hours.
Why Is Columbus Day Still Celebrated?
Every year on the second Monday in October, Americans celebrate Columbus day. For some, it is a day off from work or school, but for many others, it is simply a day to remember Christopher Columbus’s accomplishments. While some people object to celebrating Columbus day because of his treatment of Native Americans, others believe it is important to remember his role in American history.
Columbus day became a federal holiday in 1937 and has been celebrated annually since then. In 1971, Congress changed the date from October 12th to the second Monday in October to create more three-day weekends for workers.
Whether or not you celebrate Columbus day is up to you, but if you need to make a trip to the bank, it will probably be open for business as usual. Most businesses and institutions recognize federal holidays like Christmas and Thanksgiving, but banks generally stay open on days like Columbus day and Washington’s birthday.
So if you need to make a deposit or withdrawal after Monday, you can rest assured that your bank will be open for business.