Are Banks Closed on MLK Day?
Yes, most banks in the United States are closed on Martin Luther King Jr. Day, which is a federal holiday observed on the third Monday of January each year. This includes major banks such as Bank of America, Chase, Citibank, and Wells Fargo.
Reason for Closure
Martin Luther King Jr. Day is a federal holiday established to honor the life and legacy of Dr. Martin Luther King Jr., a prominent leader in the American civil rights movement. As a federal holiday, most businesses and government offices are closed, including banks.
Alternative Banking Options
While most physical bank branches are closed on MLK Day, many banks offer alternative banking options, including:
- Online banking: You can access your accounts, make transactions, and pay bills online through your bank’s website or mobile app.
- ATM withdrawals: ATMs at bank branches and other locations may still be available for cash withdrawals.
- Mobile check deposit: Some banks allow you to deposit checks remotely using your mobile device.
- 24-hour phone banking: You may be able to access account information or make certain transactions over the phone.
Plan Accordingly
If you need to conduct banking transactions on MLK Day, it’s best to plan ahead by using alternative banking options or visiting a branch before the holiday.
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