Are Banks Open on Black Friday 2023?, Is Your Bank Open on Black Friday?, Breaking Down Federal Holidays When Banks Are Closed, How to Access Your Bank Account on Thanksgiving .

While Black Friday may have the feel of an unofficial federal holiday, it’s important to note that many banks remain open on this day. However, in several states, the day following Thanksgiving is recognized as a state holiday, which can result in the closure of bank branches in those specific states. In 2023, Black Friday falls on November 24.

Is Your Bank Open on Black Friday?

Although many view Black Friday as a holiday in its own right, it’s important to clarify that it is not a federal holiday. Therefore, most banks with standalone physical branches typically remain open on that Friday. However, it’s worth noting that some banks may have adjusted hours for Black Friday, so it’s advisable to contact your local branch in advance to confirm their operating hours for the day.

Additionally, it’s essential to be aware that approximately half of U.S. states designate the day after Thanksgiving as a state holiday. Consequently, some local banks and credit unions within these states may be closed on that day. Bank branches located within other businesses, such as those in supermarkets or on college campuses, may also be affected by the closures of these respective businesses.

If you reside in one of the states listed below, where the day after Thanksgiving is recognized as a state holiday, it is recommended to contact your local branch or check the bank’s website for up-to-date information before planning a visit:

[States with Thanksgiving State Holidays: Insert Table]

States That Consider Black Friday a Holiday
– California – Delaware – Florida – Illinois – Iowa – Kansas – Kentucky – Louisiana – Maine – Michigan – Minnesota	– Nebraska – Nevada – New Hampshire – North Carolina – Oklahoma – Pennsylvania – South Carolina – Tennessee – Texas – Virginia – West Virginia

Breaking Down Federal Holidays When Banks Are Closed

While Black Friday typically sees most banks operating as usual, Thanksgiving presents a different scenario. Thanksgiving Day is a federally recognized holiday, legally requiring the closure of non-essential government businesses, including banks. Consequently, you can expect your local bank to be closed on Thanksgiving Day.

Furthermore, it’s worth noting that many businesses opt to close their doors early on the Wednesday preceding Thanksgiving, allowing their employees additional time for travel or family gatherings. While banks generally do not follow this practice, it’s a prudent step to contact your bank and confirm that they do not have any early closures scheduled for that Wednesday.

Here are all the U.S. federal holidays, meaning bank branches will be closed on all of these days:

U.S. Bank Federal Holidays
Holiday	Date
New Year’s Day	January 1
Martin Luther King Day	3rd Monday in January
Presidents’ Day	3rd Monday in February
Memorial Day	Last Monday in May
Independence Day	July 4
Labor Day	1st Monday in September
Columbus Day	2nd Monday in October
Veterans Day	November 11
Thanksgiving Day	4th Thursday in November
Christmas Day	December 25

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How to Access Your Bank Account on Thanksgiving

If you’re planning to kick off your shopping on Thanksgiving and find yourself without time to visit your bank in advance, there are convenient alternatives:

1. Fee-Free ATMs: Most banks with physical branches offer fee-free ATMs. These can be located at your bank’s branches, standalone ATM locations, or as part of a network like Allpoint. With just your debit card, you can make withdrawals at these ATMs.
2. Online Banking: For checking your account balance, reviewing transaction history, making inter-account transfers, or paying bills, online banking is a swift and accessible option. Virtually all banks provide this service, and mobile banking apps often offer similar features, including mobile check deposit and an ATM locator. These can be invaluable tools, especially on Thanksgiving.
3. Money Transfer Apps: If you need to borrow or lend money to friends or family for your Black Friday excursion, consider using money transfer apps like Venmo, PayPal, or Zelle®. Many banks are also integrating these services into their mobile apps, making it convenient to send or receive funds directly from your bank’s app.

These alternatives offer flexibility and convenience, allowing you to manage your finances, access cash, and conduct money transfers seamlessly, even on Thanksgiving.

Tips to Better Your Banking Experience

Certainly, here are some detailed tips to enhance your banking experience:

1. Choose the Right Bank:

• Research different banks and credit unions to find one that aligns with your financial needs and values.
• Consider factors such as branch locations, ATM accessibility, account types, fees, and customer service quality.

1. Understand Account Options:

• Familiarize yourself with the various types of accounts offered by your bank, including savings, checking, certificates of deposit (CDs), and money market accounts.
• Determine which accounts suit your financial goals, such as saving for emergencies, long-term investments, or daily expenses.

1. Online and Mobile Banking:

• Explore your bank’s online and mobile banking services, which often include features like account monitoring, bill payments, fund transfers, and mobile check deposit.
• Set up alerts and notifications to stay informed about account activity.

1. Budget and Track Spending:

• Use budgeting tools provided by your bank or third-party apps to manage your finances effectively.
• Regularly review your transactions and categorize your spending to identify areas where you can save.

1. Automate Finances:

• Set up automatic transfers to savings accounts, retirement funds, or investment accounts to ensure consistent savings.
• Automate bill payments to avoid late fees and improve your credit score.

1. Emergency Fund:

• Establish an emergency fund in a high-yield savings account to cover unexpected expenses, such as medical bills or car repairs.
• Aim to save at least three to six months’ worth of living expenses.

1. Fee Management:

• Be aware of account fees, including maintenance fees, ATM fees, and overdraft fees.
• Opt for accounts that offer fee waivers, maintain minimum balances, or have fee-free ATM networks.

1. Security Practices:

• Protect your account information, PINs, and passwords.
• Enable two-factor authentication and regularly update your login credentials.
• Monitor your accounts for any unauthorized transactions and report them promptly.

1. Customer Service:

• Familiarize yourself with your bank’s customer service options, such as phone support, online chat, or local branch assistance.
• Reach out to your bank for help or clarification if you encounter issues or have questions about your accounts.

1. Financial Education:
   • Take advantage of financial education resources provided by your bank, such as workshops, webinars, or educational content on their website.
   • Stay informed about financial news and developments that may impact your finances.
2. Regular Reviews:
   • Periodically review your financial goals, accounts, and investments to ensure they align with your evolving needs.
   • Adjust your financial strategy as necessary to stay on track.
3. Credit Management:
   • Check your credit report regularly for errors and discrepancies.
   • Work on improving your credit score by making on-time payments and managing debt responsibly.

By following these tips and actively engaging with your bank’s services, you can improve your overall banking experience and make more informed financial decisions.

FAQ – Are Banks Open on Black Friday 2023?