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Money

Are banks open on Memorial Day 2027? No, closed Monday, May 31

No: most banks are closed on Memorial Day 2027, Monday, May 31, 2027, a holiday observed by the Federal Reserve Banks.

Updated Source: Federal Reserve Board, Holidays Observed (K.8)
The 5-second answer

No: most banks are closed on Memorial Day 2027, Monday, May 31, 2027, a holiday observed by the Federal Reserve Banks.

By TrendPulse Newsroom · Published · Updated Nov 1, 2026, 8:00 AM EST · How we report

3 min read2 sources cited

Updated (ET)

No: most banks are closed on Memorial Day 2027, Monday, May 31, 2027, a holiday observed by the Federal Reserve Banks. ATMs and online banking keep working; ACH transfers due that day settle on Tuesday, June 1, 2027.

The Federal Reserve lists Memorial Day 2027 as Monday, May 31, 2027. Federal Reserve Banks are closed that day.

Individual banks and credit unions set their own branch hours , so check yours; the Fed calendar governs when payments settle. Payments that need Fed settlement, including most direct deposits and ACH transfers due on Monday, May 31, 2027, are processed on Tuesday, June 1, 2027.

Memorial Day 2027 at a glance — Source: Federal Reserve K.8 / OPM
Item2027Source
Holiday dateMonday, May 31, 2027OPM
Federal (OPM) day offMonday, May 31, 2027OPM
Federal Reserve BanksClosed Monday, May 31, 2027Federal Reserve K.8
Federal Reserve BoardClosed Monday, May 31, 2027Federal Reserve K.8
Fed-settled payments due that daySettle Tuesday, June 1, 2027Federal Reserve K.8

FAQ

Is Memorial Day a bank holiday in 2027?

Yes. Federal Reserve Banks are closed Monday, May 31, 2027. (Source)

What day is Memorial Day 2027?

Monday, May 31, 2027; the federal day off is Monday, May 31, 2027. (Source)

Will direct deposit arrive on Memorial Day 2027?

Deposits due on Monday, May 31, 2027 usually settle on Tuesday, June 1, 2027; some employers pay a day early. (Source)

Do ATMs and online banking work on Memorial Day?

Yes. Only transfers that need Federal Reserve settlement wait for the next business day. (Source)

What is the next bank holiday in 2027?

Juneteenth National Independence Day: Fed Banks open (Saturday holiday). (Source)

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