Is it true that banks are open on Columbus Day?

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MONDAY October 8, is Columbus Day – the federal holiday which commemorates the voyage and landing of Italian explorer Christopher Columbus in the “New World” on October 12, 1492.

Columbus Day is observed on the second Monday in October each year.

Columbus Day, also called Indigenous Peoples’ Day, is often overlooked -until you try to conduct some personal business only to find closed signs.

As Columbus Day is national holiday, most banks will be closed to give employees the day off.

The only major bank chain planning to remain open is TD Bank.

Most banks will be closed including:

This doesn’t necessarily mean that all banks will be closed too – your best option is to phone your local bank branch to find out.

The next federal holiday is Veterans Day on Thursday, November 11.

The two other remaining federal holidays are Thanksgiving Day on November 25 and Christmas Day on December 25.

You can still use ATM machines to get cash or put money into your account.

Any other bank account requests that require visiting the bank will have to be completed after the holiday.

Unfortunately, as far as federal holidays go, employers are more likely to give employees the day off on holidays like Christmas and New Year’s Day, rather than Columbus Day or Veterans Day.

Columbus Day can be considered a “second-tier holiday”, as only 14 per cent of organisations are closed on the holiday.

Most stores remain open the entire holiday weekend, with some even offering sales and deals.

The same goes for grocery stores with some possibly having reduced hours for the holiday.

Shoppers should ultimately check with their local supermarket for specific information on opening and closing hours, as it can vary by location.

Most restaurants should be open for takeout, delivery, and in-person dining. but patrons should check with specific restaurants for exact hours and information.

The New York Stock Exchange is open on Monday.

Nasdaq trading will also be open. However, bond markets will be closed.

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