Are banks open on Labor Day 2016?

Laura Woods
Labor Day trips and tips: Find vacation deals in popular cities
Labor Day trips and tips: Find vacation deals in popular cities

Labor Day 2016 falls on Sept. 5 and, if you're lucky, you're one of the millions of Americans who gets a day off work. Deemed the unofficial end of summer, Labor Day always falls on the first Monday of September.

A legal holiday across the U.S. since 1894, Labor Day was created to honor the social and economic achievements of American workers. The very first Labor Day holiday was celebrated in New York City back in 1882, more than 130 years ago. Since then, it has been embraced as a relaxing day to soak up the last bits of summer.

There are a million different ways to enjoy the Labor Day holiday, so maximize your day away from work by making a game plan. Whether you head out of town for a weekend trip or plan a fun barbecue for your friends, now is the time to start preparing.

Are Banks Open on Labor Day 2016?

Financial institutions generally follow the Federal Reserve schedule, and since Labor Day is a holiday observed by the central bank, expect most branch locations to be closed. The NYSE, Nasdaq and SIMFA will also be closed on Labor Day, allowing employees to enjoy the day with family and friends. Of course, in today's tech-savvy world, you're never more than a few clicks away from your accounts, so if you need to access your funds, simply use your bank's website, mobile app or ATM.

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Of course, in some cases, some banks are open, so if you absolutely must do some banking in-person on Labor Day, you might be able to find an open branch. Generally speaking, branches located inside a store — such as a supermarket — have a better chance of being open, but be sure to inquire in advance.

Banks Open on Labor Day 2016

You'll be happy to know select branches of these banks might be open for at least part of the day on Labor Day.

  • Wells Fargo: Labor Day hours and closings vary by location, so check with your local branch for specific holiday information.

  • U.S. Bank: Most in-store branches will be open on Labor Day 2016, but might have limited hours. Check with your specific location for details.

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Banks Closed on Labor Day

These banks will not be open on Labor Day 2016, so be sure to plan accordingly prior to the holiday.

  • Bank of America

  • Bank of the West

  • BBVA Compass Bank

  • BB&T

  • BMO Harris Bank

  • Capital One Bank

  • Chase Bank

  • Citibank

  • Citizens Bank

  • Comerica Bank

  • Fifth Third Bank

  • First Niagara Bank

  • HSBC Bank

  • Huntington Bank

  • Huntington State Bank

  • KeyBank

  • M&T Bank

  • People's United Bank

  • PNC Bank

  • Regions Bank

  • Santander Bank

  • SunTrust Bank

  • TD Bank

  • Union Bank

The Origins of Labor Day

Enjoy this history lesson detailing the beginnings of Labor Day to truly appreciate having this day off of work and relaxing with your family.

RELATED: Helpful tips to save money on a holiday weekend:

This article originally appeared on GOBankingRates.com: Are Banks Open on Labor Day 2016?

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