What Is a 'Bank Holiday'?

A bank holiday is a business day, during which commercial banks and savings and loan institutions are closed to the public. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | Words to Know Bank Holiday A bank holiday is a business day during which financial institutions are closed. Bank holidays are most relevant for physical branch locations because many online banking services continue to operate. The dates are major federal holidays when most financial institutions—stock exchanges, brokerage firms, and traders—also take the day off. Although rare, bank holidays can also be declared to prevent bank runs. Read More » Related to "Bank Holiday" What Days Are U.S. Stock Exchanges Closed? Like most companies, the major stock markets in the U.S. are open for trading on normal business days only. Read More » How Much Does It Cost to Become President? A lot, and it keeps growing with each election. If you're planning to make a run for the White House, start saving money now. Read More » 5 Presidents Who Couldn't Secure a Second Term These U.S. presidents couldn't get re-elected because of bad policies, stiff competition, or lackluster performances in their first terms. Read More » SPONSORED BY FIDELITY INVESTMENTS Putting Your People Skills to Work Do you thrive on helping people? Financial services has an array of roles that could be a great fit. Here's why being a people person is perfect for a job in finance. Learn More » Related Definitions New York Stock Exchange The New York Stock Exchange, located in New York City, is the world's largest equities-based exchange in terms of total market capitalization. Read More » Nasdaq Nasdaq is a global electronic marketplace for buying and selling securities. Read More » Bond Market The bond market is the collective name given to all trades and issues of debt securities. Read More » Chicago Board Options Exchange Chicago Board Options Exchange (CBOE), now Cboe Global Markets, is the world's largest options market. Read More » CONNECT WITH INVESTOPEDIA Email sent to: geezers.mail@gmail.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy