Columbus Day is observed on the second Monday in October. In 2020, Columbus Day falls on Monday, October 12. Traditional Columbus Day also falls on October 12.
Most banks will be closed on Columbus Day, Monday, October 12, 2020, because it is a federal holiday and the Federal Reserve Bank is closed on Columbus Day.
Columbus Day is a federal holiday in the United States which commemorates Christopher Columbus’ landing on the Americas on October 12, 1492.
Also, because Columbus Day is a federal holiday, this can delay when bank deposits are credited to your account, depending on your bank’s holiday deposit schedule.
This includes deposits made by customers, payroll deposits, and other direct deposits such as Social Security and Supplemental Security Income (SSI) deposits that may not be credited to some bank accounts until Tuesday, October 13, 2020, or later.
Most banks will be closed on Columbus Day, October 12, 2020, including Ally Bank, Bank of America, Capital One, Chase Bank, CitiBank, Fifth Third Bank, HSBC, Huntington National Bank, PNC Bank, Regions Banks, SunTrust Bank, TD Bank, and Wells Fargo.
Are Banks Open Or Closed On Columbus Day 2020?