Many people are curious as to whether or not banks will be open on Monday due to Columbus Day or Indigenous Peoples Day. The annual celebration takes place on the second Monday of October, which happens to be October 10 this year, giving many people the opportunity to relax over a four-day break.
On Columbus Day, it is common for businesses such as post offices, schools, grocery stores, and more to be closed or have altered hours.
To find out if you may go to your neighborhood branch of any major bank like Bank of America, Chase, Citibank, and more keep reading!
Are Banks Open On Columbus Day 2022?
No, unfortunately, because no financial institutions will be open on Columbus Day. All US banks are included in this, from Bank of America to JPMorgan Chase to Citibank to Wells Fargo to Goldman Sachs to U.S. Bancorp.
You will not be able to use the services offered at your neighborhood branch. However, access to ATMs and online banking will continue to be available. Stock exchanges and the stock market will both be operating normally. Bond markets, meanwhile, are closed in observance of a holiday.
Banks Are Closed On All Federal Holidays
When a federal holiday occurs in the United States, all financial institutions are closed. These are what we can expect in 2022:
- New Year’s Day: Jan 1 (observed on Jan 3)
- Martin Luther King Jr Day: Jan 17
- Presidents’ Day: Feb 21
- Memorial Day: May 30
- Juneteenth: Jun 19 (observed on June 20)
- Independence Day: Jul 4
- Labor Day: Sep 5
- Columbus Day: Oct 10
- Veterans Day: Nov 11
- Thanksgiving: Nov 24
- Christmas Day: Dec 25 (observed on Dec 26)
Why Do We Celebrate Columbus Day?
On Columbus Day, banks are closed to remember the day in 1492 when Christopher Columbus arrived in the Americas. Despite the fact that it is Columbus Day, many people would rather celebrate Indigenous Peoples’ Day since they do not think the explorer is deserving of such recognition.
Government offices, banks, post office closed on Columbus Day (Indigenous People’s Day). But workers work, no celebration of Italian heritage, no parades. This is typical of wokeism: Abolish celebration and appreciation of our heritage, but keep the inconvenience. Thanks so much! pic.twitter.com/64VwUXZMTV
— David C. Stolinsky (@DCStolinsky) October 11, 2022
In August of 1492, Columbus set sail for the Far East on behalf of the Spanish monarchy but ended up in the Bahamas. The first Columbus Day was celebrated in 1792 to honor the man who, after the Vikings, was the first European to set foot in the Americas.
Although President Franklin D. Roosevelt established Columbus Day as a federal holiday in 1937, the holiday has come under fire in recent years. Because of the mistreatment of Native Americans that began with Columbus’ arrival, many people prefer to mark Indigenous Peoples’ Day instead.
Instead of honoring their oppressor, Native Americans are celebrated and honored on this day as they commemorate their history and cultures.
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