Presidents' Day, officially known as Washington's Birthday, is an annual opportunity to reflect on our country's history.
The holiday was originally created to honor the first president of the United States, George Washington, who was born on February 11, 1732. Since then, Presidents' Day has unofficially expanded to celebrate all former presidents of the United States and is Celebrated on the third Monday of February every year.
Most workplaces, schools and state offices will close in honor of the holiday.
Whether you have the day off or not, it is always a good time to learn more about our country. If you have free time, try activities like Presidents Day Triviaor reflect on the wise words of former presidentslike John Adam and Calvin Coolidge.
Presidents' Day is also known for its large number of offers and discounts in stores like Amazon, Aimand much others.
As you plan your purchases, be sure to keep other monetary considerations in mind. Many financial institutions, including banks and the stock market, are affected by the federal holiday.
Read on to find out if you can do business with the stock market (or banks) this Presidents' Day.
Is the stock market open on Presidents' Day?
Both the stock market and the bond market will be closed for Presidents' Day.
According to the New York Stock Exchange websiteAll markets will celebrate Washington's birthday, also known as Presidents' Day, on February 19.
Are banks open on Presidents' Day?
Most banks will also be closed on Presidents' Day.
Any withdrawals or deposits made on February 19 will not be posted until at least the next business day (Tuesday, February 20) at the earliest.
Here is a list of banks that will be closed on Presidents Day 2024:
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Bank of America
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Chase
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Citibank
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capital one
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PNC Bank
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Santander Bank
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Truista
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Wells Fargo
One notable exception is TD Bank, which will remain open on February 19.
Is the stock market closed for other holidays in 2024?
The stock market will be closed on the following holidays in 2024:
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New Year's Day (Monday, January 1)
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Martin Luther King, Jr. Day (Monday, January 15)
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Presidents' Day (Monday, February 19)
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Good Friday (Friday, March 29)
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Memorial Day (Monday, May 27)
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June 19/National Independence Day (Wednesday, June 19)
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Independence Day (Thursday, July 4)
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Labor Day (Monday, September 2)
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Thanksgiving Day (Thursday, November 28)
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Christmas Day (Wednesday, December 25)
The market will also close early on July 3, November 29 and December 24 in anticipation of the holidays.
This article was originally published in TODAY.com
