Are Banks Open on Presidents Day 2027?

Most major banks are closed on Presidents' Day 2027 (Monday, February 15), but TD Bank is a notable exception — it keeps all branches open on regular hours. Presidents' Day is one of only two federal holidays where TD Bank stays open (the other is Columbus Day / Indigenous Peoples' Day). All other major banks — including Chase, Bank of America, Wells Fargo, Citibank, and Capital One — close their branches. The Federal Reserve, ACH network, Fedwire, NYSE, and NASDAQ are all closed regardless of whether individual bank branches are open.

Yes. TD Bank confirms on its official holiday schedule that branches are open on Presidents' Day, Monday, February 15, 2027, with regular business hours. This makes TD Bank one of only two major banks that stay open (the other varies by year). However, even though TD Bank's branches are open, the Federal Reserve and ACH network are still closed — meaning deposits, transfers, and checks processed at the branch on Monday won't settle through the interbank system until Tuesday, February 16.

No. Both the NYSE and NASDAQ are fully closed on Presidents' Day. Unlike Columbus Day and Veterans Day where the stock market stays open despite the Fed being closed, Presidents' Day is a complete market closure — equities, bonds, options, and futures all shut down. This is sometimes called the "Washington's Birthday" closure on the official NYSE calendar. Markets reopen Tuesday, February 16 at 9:30 AM ET.

Potentially, yes. Presidents' Day falls during peak tax refund season. The IRS typically begins issuing refunds in late January, and many early filers expect their direct deposits in mid-February. If the IRS schedules your refund deposit for Monday, February 15 (Presidents' Day), the ACH transfer cannot settle because the Federal Reserve is closed. The deposit will arrive Tuesday, February 16 instead. If your refund is scheduled for Friday, February 12, it will arrive normally. Check the IRS "Where's My Refund?" tool to see your scheduled deposit date.

Technically, the federal  holiday is still called "Washington's Birthday" in the United States Code (5 U.S.C. §6103). The term "Presidents' Day" is a popular (but unofficial) name that emerged in the 1980s when retailers began marketing it as a holiday honoring all presidents, including Abraham Lincoln (whose birthday is February 12). The  banking impact is identical regardless of the name — the Federal Reserve observes the third Monday of February and closes all settlement systems.

If your regular payday is Monday, February 15 (Presidents' Day), most employers will advance your direct deposit to Friday, February 12. If your payday is Tuesday, February 16, the deposit should arrive on time, but your employer needs to submit payroll one business day earlier than usual. For 2-day turnaround processors (ADP, Paychex), submit by Wednesday, February 10. For 4-day processors (Gusto, Rippling), submit by Monday, February 8.  Banks with early direct deposit features (Chime, SoFi, Axos) may release funds up to 2 days early if they receive the ACH pre-notification.

No. Canada does not observe Presidents' Day. However, several Canadian provinces observe "Family Day" on the third Monday of February (the same date) — including Ontario, Alberta, British Columbia, Saskatchewan, and New Brunswick. Manitoba observes "Louis Riel Day" on the same date. This means cross-border ACH transfers may be affected in both directions, depending on the province. Banks in Quebec, Nova Scotia, and Newfoundland do NOT observe Family Day and are open normally.

No. Fedwire is closed on Monday, February 15. You cannot initiate or receive a domestic wire transfer, even at TD Bank (which is open but cannot access the Fed's wire system). Submit any urgent wires by Friday, February 12 before your bank's cut-off time (typically 2:00–4:00 PM ET). For immediate transfers, FedNow and RTP instant payments operate 24/7/365 at participating banks regardless of the holiday.

No. Under the CARD Act (Regulation Z, §1026.10), if your credit card due date falls on Monday, February 15 (Presidents' Day), a payment received the next business day (Tuesday, February 16) is treated as on time. No late fee and no penalty APR will apply.

The next federal bank holiday after Presidents' Day is Memorial Day, Monday, May 31, 2027. That gives you over 3 months — 14 full weeks — of uninterrupted banking. This is the longest gap between federal holidays in the entire calendar year, making it the best window for time-sensitive financial transactions, business planning, and year-start reconciliation.