Are banks closed on election day?

One of the most important days in every annual calendar is elections. Yet it becomes even more important every four years during the United States presidential elections. Because this event is so important to so many people, questions usually arise as to whether banks and similar institutions will be closed on Election Day.

For modern voters, this process is becoming increasingly complex due to the multitude of voting options available. By the time Election Day arrives, many people will have already voted. This would be done through early voting windows and mail-in ballots.

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However, this does not take away from the important event that Election Day has become for Americans. Subsequently, this day can affect a multitude of different individuals for different reasons, particularly around the unknown as to which establishments might operate on different schedules throughout the day.

Therefore, this guide will look at whether banks are closed on Election Day. Additionally, it should present a better idea of ​​what you can expect from the important national day and how best to prepare for the situation.

Is Election Day a federal holiday?

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There may be confusion about how the date is viewed at the federal level. Specifically, if it is observed as a public holiday by legislators. However, Election Day is not a federal holiday. This means that it does not benefit from the same restrictions that such a day would impose.

For federal holidays, banks and other businesses would certainly be closed. Important events like Christmas Day, New Year’s Day, and Thanksgiving are some of the most well-known federal holidays. However, there are others recognized by the government and less festive.

Since the election which will take place in 2024, Election Day is no longer recognized as a federal holiday. This indicates that banks and other establishments have no intention of closing or limiting opening hours.

Conversely, it does not guarantee that this will not be the case. Concretely, it is not because it is not a public holiday at the federal level that there are no changes to be expected. So let’s look in a little more detail at how banks operate for the key voting day.

Are banks closed on election day?

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Since there is no federal holiday, banks should not be closed on Election Day. Indeed, many businesses will operate on normal hours, including many financial institutions.

So far, there has been no word on well-known banks like Wells Fargo and Bank of America expecting changes to business hours on Election Day. This continues for regional banks, as they are expected to be open and operational on voting day.

Although many states recognize voting as a holiday, it does not come with the same requirements from the federal level. However, we recommend contacting your local bank to ensure they will be open and fully operational on Election Day.