Are Banks Open on Christmas Day?


Sunday, December 25, 2022, is Christmas Day. It’s a widely celebrated holiday, and it’s part of the federal holiday calendar. While banks, credit unions, and other businesses aren’t required to recognize federal holidays with closures, many of them do. As a result, you may be wondering, “Are banks open on Christmas Day 2022?” If so, here’s what you need to know.

Are Banks Open on Christmas Day 2022?

No, banks are not open on Christmas Day 2022. Along with banks usually closing on federal holidays, Christmas falls on a Sunday this year. Typically, banks aren’t open on Sundays even when there isn’t a holiday. In the end, that alone means that banks won’t be welcoming customers on December 25, 2022.

Additionally, many banks are closed on Monday, December 26, 2022. That’s the day the federal government observes Christmas Day in 2022 since the holiday is on a Sunday this year. As a result, many banking institutions will follow suit, ensuring bank employees get a paid day off in celebration of the holiday.

Are Credit Unions Open on Christmas Day 2022?

Credit unions are closed on Christmas Day. In most cases, credit unions classically close on federal holidays. Plus, like banks, credit union branches typically aren’t open on Sundays, so they’d be closed on December 25, 2022, even if it wasn’t a holiday.

Additionally, many credit unions are closed on Monday, December 26, 2022. Since Christmas is on a Sunday, the holiday is observed on the following Monday. As a result, a significant number of credit unions are closed on that day, too, ensuring their employees get an extra day off with pay.

Holiday Closures for Banks and Credit Unions

In most cases, bank and credit union holiday closures align with the federal holiday schedule. Since that’s the case, you can use the federal holidays as a general guide, allowing you to anticipate when banks and credit unions aren’t open.

Here’s a list of the holidays when credit unions and banks usually close:

  • New Year’s Day
  • Martin Luther King, Jr. Day
  • President’s Day
  • Memorial Day
  • Juneteenth
  • Independence Day
  • Labor Day
  • Columbus Day
  • Veterans Day
  • Thanksgiving Day
  • Christmas Day

It’s important to note that when holidays fall on Saturdays, banks and credit unions may close the Friday before the holiday, especially if they don’t typically have Saturday hours. When a holiday is on a Sunday – as with Christmas this year – the institutions may be closed on the holiday and the Monday immediately after it.

Additionally, banks and credit unions may reduce their hours on specific days. Christmas Eve and New Year’s Eve are the most common, though some institutions may also shut down early on the day before Thanksgiving.

Do you ever wish that banks were open on Christmas Day or Sundays, or has it never been an issue for you? Do you think more businesses should shut down for holidays like Christmas? Share your thoughts in the comments below.

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