Curious as to whether or not your bank will be open on Black Friday? If so, you’ve come to the right place, as this article contains details on the subject.
In 2022, the United States will observe Black Friday on the Monday after Labor Day, September 5th. All governmental and financial institutions are closed today. In accordance with federal law, all U.S. government offices,
including those housing educational institutions, will be closed today. Labor Day is a federal holiday, so all federal government offices will be closed. Some locations in the suburbs might be open on a whim, but otherwise, everything is closed.
On the first Monday of September, Americans take time off to recognize the value of their labor and the support they receive from their unions and employers. A federal holiday since its inception in 1885.
By signing the bill into law, President Grover Cleveland officially established the first Monday in September as the official holiday.
What Is Black Friday?
Black Friday is the Friday after Thanksgiving in the United States and is also a paid holiday for many workers. Black Friday marks the beginning of the holiday shopping season and is traditionally a day filled with sales and discounts.
Economists use Black Friday sales as a barometer for consumer confidence and to gauge the health of the national economy. Lower Black Friday sales figures are seen as a portent of slower growth by those who share the Keynesian assumption that spending drives economic activity.
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Is Your Bank Open On Black Friday?
Black Friday is not a federal holiday, despite the fact that many people treat it as such. This means that, unlike on a real bank holiday,
most banks with physical branches will be open on that Friday. It’s a good idea to call ahead to your local branch to confirm the hours, but it’s possible that these banks will be closed.
Additionally, remember that the day following Thanksgiving is a state holiday in roughly half of the United States.
Due to this, some community financial institutions in these states may be forced to close. It is also possible that bank branches housed in other establishments, such as supermarkets and university campuses, will be shut down as a result of these other establishments’ closures.
Following Thanksgiving, the following states observe state holidays. Please contact your local branch or the bank’s website before stopping by on that day if you live in one of the states listed above.
How To Access Your Bank Account On Thanksgiving
Many stores are open late on Thanksgiving Day, so you could get a head start on your shopping. Visit a fee-free ATM of the bank you plan to use for your upcoming purchase if you won’t have time to stop by the branch in the days leading up to your outing.
These automated teller machines (ATMs) can be found in any physical bank branch. These are typically located in your bank’s branches and at freestanding locations, but they may also be affiliated with a larger ATM network such as Allpoint. Getting money out of an ATM will require nothing more than your debit card.
Online banking is the most convenient method for performing banking tasks such as viewing account balances and histories, transferring funds between accounts, and making payments.
Any of the numerous banks out there can provide you with this helpful service. Banking apps for mobile devices typically offer similar features, such as mobile check deposits and an ATM locator. Such provisions may prove crucial on Thanksgiving.
Your Black Friday shopping spree will require a little help from your loved ones in the form of loans. To send or receive money from another person, you can use a mobile app like Venmo or PayPal.
A growing number of banks are either developing their own money transfer apps or forming partnerships with existing ones. Zelle® is one of the best-known brands in this sector. It is possible that your bank’s mobile app will allow you to lend or borrow money to or from friends and family.
Banks Closed on Black Friday 2022
Customers should prepare ahead of time to handle their banking needs on Friday or Saturday, as banks will be closed on Black Friday. Without a doubt, the following banks will be closed:
- Bank of America
- Capital One
- Citizens Bank
- Comerica Bank
- M&T Bank
- PNC Bank
- Santander Bank
- TD Bank
- U.S. Bank
- Wells Fargo
- Zions Bank
Black Friday is a shopping tradition that originated in the United States and has since spread to the United Kingdom. It is celebrated annually on the fourth Friday of November,
the day after Thanksgiving in the United States. Even though it’s not a federal holiday, many people “celebrate” by hitting the malls and searching for online discounts.