Are banks open on New Year's Day 2027? No, closed Fri, Jan. 1
No: Federal Reserve Banks are closed on New Year's Day, Friday, January 1, 2027, so most banks close and deposits don't settle, per Fed K.8.
Updated (ET)
No: Federal Reserve Banks are closed on New Year's Day, Friday, January 1, 2027, so most banks close and deposits don't settle, per Fed K.8. Online banking and ATMs keep working; transfers sent that day post on the next business day.
The Federal Reserve sets the settlement calendar that banks use for direct deposits and ACH transfers. Individual banks can choose to open branches, so check with yours.
Fed note: Reserve Banks are open, but the Board is closed, on July 3, 2026, June 18, 2027, December 24, 2027, December 31, 2027, and November 10, 2028.
| Holiday | Date | Federal Reserve Banks | Source |
|---|---|---|---|
| New Year's Day | Friday, January 1, 2027 | Closed | Federal Reserve K.8 |
| Birthday of Martin Luther King, Jr. | Monday, January 18, 2027 | Closed | Federal Reserve K.8 |
| Memorial Day | Monday, May 31, 2027 | Closed | Federal Reserve K.8 |
FAQ
Are banks open on New Year's Day 2027?
Are banks open on New Year's Day 2027?
No, Federal Reserve Banks are closed Friday, January 1. (Source)
Will my direct deposit arrive?
Deposits scheduled for a Fed holiday usually settle the next business day; some employers send them a day early. (Source)
Do ATMs and online banking work?
Yes, but transfers post on the next business day. (Source)
Is the stock market open?
This page covers banks only; see nyse.com for market hours.
What is the next bank holiday?
Birthday of Martin Luther King, Jr., Monday, January 18, 2027. (Source)
Who decides bank holidays?
The Federal Reserve publishes the holiday schedule its Banks observe. (Source)