727 is new years day a bank holiday find out here

As the new year approaches, many people are starting to plan their celebrations and make resolutions for the year ahead. But amidst all the excitement, it’s important to also be aware of any potential disruptions to your daily routine – including changes to bank and post office hours. In this article, we’ll take a closer look at whether New Year’s Day is considered a bank holiday, and how that may impact the services and businesses you rely on.

Is New Year’s Day a Federal Bank Holiday?

Federal Holiday Status of New Year’s Day

The short answer is yes – New Year’s Day is indeed a federal holiday. This means that it is recognized by the U.S. government as a day off for federal employees, and many businesses and institutions follow suit. New Year’s Day falls on January 1st every year, and in 2024 it will be celebrated on Monday, January 1st.

Other federal holidays throughout the year include:

  • Martin Luther King, Jr. Day (Monday, January 15, 2024)
  • Presidents Day (Monday, February 19, 2024)
  • Memorial Day (Monday, May 27, 2024)
  • Juneteenth National Independence Day (Wednesday, June 19, 2024)
  • Independence Day (Thursday, July 4, 2024)
  • Labor Day (Monday, September 2, 2024)
  • Columbus Day (Monday, October 14, 2024)
  • Veterans Day (Monday, November 11, 2024)
  • Thanksgiving Day (Thursday, November 28, 2024)
  • Christmas Day (Wednesday, December 25, 2024)

Are Banks Required to Close on Federal Holidays?

While banks are not legally required to close on federal holidays, the vast majority do observe standard federal holidays as listed above. For most banks, this means that branches will be closed and employees will have the day off on New Year’s Day.

However, many banking services will still be accessible to customers even on holidays. Online banking, mobile apps, and ATMs allow you to check your balance, transfer money, and deposit checks 24/7. If you have urgent banking needs on New Year’s Day, it’s best to call your bank ahead of time to see if any special hours or services are available.

Bank Hours on New Year’s Eve and New Year’s Day 2023

New Year’s Eve Bank Hours for Major U.S. Banks

New Year’s Eve, which falls on December 31st, is not a federal holiday. However, some banks may choose to close early or offer limited services to allow employees to start their celebrations. Here’s what you can expect from some major U.S. banks on New Year’s Eve 2023:

Bank New Year’s Eve Hours
Bank of America Open, may close early
Wells Fargo Open, may close early
Truist Open, may close early
CitiBank Open, may close early

It’s always a good idea to check with your local branch for their specific hours, as they may vary by location.

Are Banks Open on New Year’s Day 2024?

As mentioned above, New Year’s Day is a federal bank holiday. You can expect bank branches to be closed on January 1st, 2024. If you have banking needs on New Year’s Day, plan ahead by visiting your branch in the days prior, or utilize online and mobile banking services.

For example, Texas Capital Bank lists their support hours as 8:00 AM to 6:00 PM on standard business days, but notes that they will be closed in observance of New Year’s Day and other federal holidays in 2024.

Will the Post Office Be Open New Year’s Eve or New Year’s Day?

USPS New Year’s Eve Hours and Closures

New Year’s Eve is not a postal holiday, so most post office locations will be open and operating during their normal business hours on December 31st. However, some offices may close early, so it’s best to check with your local branch if you need to conduct any business late in the day.

Mail will be picked up and delivered as usual on New Year’s Eve, so you don’t need to worry about any interruptions to your normal mail service. If you’re expecting any priority packages, they should still arrive on time.

Post Office Closings and Mail Delivery on New Year’s Day

Just like with banks, U.S. Postal Service offices will be closed on New Year’s Day. There will be no mail pickup or delivery on January 1st, 2024. If you have any mail that needs to go out, be sure to drop it off before the end of the day on New Year’s Eve.

Regular mail service and post office hours will resume on Tuesday, January 2nd, 2024. If you have any time-sensitive mail or packages, keep these closures in mind and plan accordingly.

UPS and FedEx Delivery Schedule for New Year’s 2023

Will UPS and FedEx Deliver on New Year’s Eve?

For the most part, UPS and FedEx will be operating as usual on New Year’s Eve. Deliveries and pickups will be made during normal business hours. However, some services may be limited or adjusted based on local schedules, so it’s always good to check tracking information for any changes.

One exception is UPS Express Critical service, which is available 365 days a year for urgent shipments. So if you have a package that absolutely must arrive on New Year’s Eve, this is an option to consider.

UPS and FedEx New Year’s Day 2024 Services

On New Year’s Day, both UPS and FedEx will be closed. There will be no regular pickup or delivery services available on January 1st, 2024.

The only exception is UPS Express Critical, which will still be available for urgent shipments. If you have any packages that need to be delivered on New Year’s Day, you’ll need to plan ahead and choose this service in advance.

Regular UPS and FedEx services will resume on Tuesday, January 2nd, 2024. As always, it’s a good idea to keep an eye on tracking information for your shipments in case of any unexpected delays due to holiday backlogs.

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By James Altucher

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