Two major U.S. banks will close for a full day in weeks and urge consumers to plan ahead.
Bank of America and Wells Fargo, one of the largest financial institutions, will be closed on Columbus Day on October 13.
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Federal workers will receive paid leave, which also means there will be no mail delivery on October 13Image source: Getty
Columbus Day is a federal holiday, the second Monday of October each year.
It was founded in 1968 with the goal of observing Christopher Columbus’ arrival in the United States.
In some states and cities, this date is also designated as Indigenous Peoples Day.
Many government services will be closed, including state and federal courts, public schools, libraries, post offices and banks.
Federal workers will receive paid leave, which also means that mail delivery will not be delivered on October 13.
However, some retail stores will remain open, such as grocery stores and liquor stores, but shoppers are urged to check local opening hours.
closure
Wells Fargo and Bank of America will close all 7,700 locations.
Chase Bank told the U.S. Sun will remain open.
Furthermore, one of the only major banks that remain open is TD Bank, i.e. Canadians.
This day is one of 11 official federal holidays marked in the United States each year.
Chase Bank confirms all 4,700 locations will be closed for 24 hours in a few weeks
The next federal holiday is Veterans Day, November 11, according to the 2025 holiday provided by the Federal Reserve Banking system.
Thanksgiving on November 27 and Christmas on December 25.
Federal workers will receive paid leave, which also means that mail delivery will not be delivered on October 13.
How to contact your bank
With the rampant bank scams, it is important to know how to engage with your bank without taking fraud.
Of course, there is a foolproof way to go to the bank in person, but you may be directly into the customer service phone line.
To ensure you are in contact with the bank, make sure to use the phone number provided to you by the representative or the website.
Some banks also have online helplines that can connect you to your representatives safely.
Instead, if you think the bank is contacting you about the account issue – make sure to verify the issue by calling the bank contact you know of a legitimate bank contact.
Scammers are usually bank representatives to steal information from frightened customers.
The most important tip
Consumers are urged to plan ahead of a bank outage.
It is best to call and double check the opening hours of your local branch.
You will be able to access online banking normally, but processing payments may be delayed.
Any emergency payment is recommended within the days before the closure.
ATMs and cash machines will still be open to withdraw cash, and you can also get cash from some retail stores like CVS and Whole Foods.
AARP recommends that digital banking stay open, “no matter what the U.S. celebrates that day, whatever it is.
“You can make routine transactions through the website or app of the bank or credit union.
“If you have an online account, you can: check the account balance; pay the bill; move money between accounts; deposit checks.”