Monday, January 19 marks Martin Luther King Jr. Day, a federal holiday dedicated to honoring the enduring legacy and contributions of the iconic civil rights leader. Established by President Ronald Reagan in 1983, this observance occurs on the third Monday of January, coinciding closely with King’s birthday on January 15.
In recognition of this significant day, a majority of schools, government offices, and post offices will be closed. However, questions often arise regarding the status of financial institutions on this holiday. Specifically, many wonder whether banks and credit unions will be operational on Martin Luther King Jr. Day.
For those needing to conduct financial transactions such as deposits or withdrawals on this day, it’s crucial to note that most banks and credit unions will observe the holiday and remain closed on January 19, 2026, reopening on Tuesday, January 20. Additionally, the U.S. stock market will also be shuttered that Monday, resuming normal trading hours the following day at 9:30 a.m. ET.
While brick-and-mortar banks will be closed, customers can still access their accounts through ATMs and online banking. However, it is important to keep in mind that any transactions initiated on January 19 will not be processed until the banks reopen the next day.
To be well-prepared, here’s a list of banks that will observe the holiday by closing their doors on Martin Luther King Jr. Day in 2026:
– Bank of America
– Chase
– Citibank
– Capital One
– Navy Federal Credit Union
– PNC Bank
– Santander Bank
– State Employees’ Credit Union
– TD Bank
– Truist
– Wells Fargo
Moreover, individuals planning their financial activities throughout the year should note the schedule for other federal holidays in 2026, as many financial institutions will close on these dates as well:
– Presidents’ Day: Monday, February 16
– Memorial Day: Monday, May 25
– Juneteenth National Independence Day: Friday, June 19
– Independence Day (Observed): Friday, July 3
– Labor Day: Monday, September 7
– Columbus Day (Indigenous Peoples’ Day): Monday, October 12
– Veterans Day: Wednesday, November 11
– Thanksgiving Day: Thursday, November 26
– Christmas Day: Friday, December 25
For a seamless banking experience, it is advisable for customers to verify operational hours directly with their local financial institutions, as hours may vary.
