Most banks are closed on July 5th if it falls on a Friday after Independence Day

July 5th is not a federal holiday on its own, but banks often close on it anyway. The reason: when July 4th (Independence Day) falls on a Thursday, the federal government observes the holiday on Friday, July 5th instead. Banks follow the federal holiday calendar, so they close on the observed date.

If July 4th falls on a different day of the week, July 5th is a normal business day and banks operate on their regular schedule. The year matters. Check the specific year you're asking about, because the day of the week shifts each year.

Even on days when banks are officially open, branch hours vary. Some branches open at 9 a.m., others at 10 a.m. Some close at 5 p.m., others at 6 p.m. or later. ATMs and online banking work around the clock regardless of branch closures.

Key Takeaways

  • Banks close on July 5th only when July 4th falls on Thursday and the holiday is observed on Friday — this happens in 2024, 2030, 2035, and 2041.
  • On years when July 5th is not an observed holiday, banks operate on their regular schedule, though individual branch hours still vary by location.
  • ATMs and online banking services work on July 5th even if your branch is closed.
  • Deposits made at an ATM on a bank holiday may not post to your account until the next business day.
  • If you need to reach your bank on or around July 5th, call ahead or check your bank's website for that specific year's holiday schedule.

When July 5th is a federal holiday

The federal government observes Independence Day on July 4th. When July 4th falls on a Thursday, Friday becomes the observed holiday. When July 4th falls on a Saturday, Friday becomes the observed holiday instead. When July 4th falls on a Sunday, Monday becomes the observed holiday.

Banks must close on observed federal holidays. This is a requirement under the Uniform Monday Holiday Act and federal banking regulations. So if your bank is part of a national or regional chain, it will be closed on July 5th in years when that date is the observed holiday.

Credit unions follow the same federal holiday calendar. Some smaller local banks may have different policies, though most align with federal holidays to match their customers' expectations.

When July 5th is a regular business day

In years when July 4th falls on Monday, Tuesday, or Wednesday, July 5th is not an observed holiday. Banks open on their normal schedule. This means most branches open between 9 a.m. and 10 a.m. and close between 4 p.m. and 6 p.m., depending on the branch and the bank.

Saturday and Sunday hours are shorter or nonexistent at most branches. If July 5th falls on a Saturday or Sunday, the branch will be closed regardless of the holiday status — it's straightforward the weekend.

How to check your specific bank's July 5th hours

The fastest way is to visit your bank's website and search for "holiday hours" or look at the branch locator tool. Most banks publish their holiday schedule in June or early July. You can also call your branch directly or use the bank's mobile app, which often shows branch hours and holiday closures.

If you bank with a national chain like Bank of America, Chase, Wells Fargo, or Citibank, their websites have a dedicated holiday schedule page. Regional banks and credit unions post their schedules on their homepages or in the FAQ section.

What you can do if your bank is closed on July 5th

ATMs work 24/7, even on bank holidays. You can withdraw cash, deposit checks (though they won't post until the next business day), and check your balance. Mobile deposits through your bank's app also work on holidays and post the next business day.

Online banking and bill pay work on holidays too. You can transfer money between your own accounts, pay bills, and send money to other people. Transfers between your bank and another bank may take longer if the receiving bank is also closed, but the transaction will process once both banks reopen.

If you need to speak to someone at the bank, most large banks offer phone support on holidays, though wait times are often longer. Some banks also offer chat support through their website or app.

Timing for deposits and transfers on July 5th

Deposits made at an ATM or through mobile deposit on July 5th will not post to your account until the next business day — July 8th if July 5th is a Friday and the bank is closed. The bank processes all holiday deposits in a batch once it reopens.

Transfers you initiate online on July 5th may also be delayed. Internal transfers (moving money between your own accounts at the same bank) usually post the next business day. Transfers to other banks can take one to three business days depending on the receiving bank and the type of transfer.

If you need money on July 5th and the bank is closed, use the ATM. If you need to move money to another bank and it's urgent, initiate the transfer as early as possible on July 5th so it processes first thing when the bank reopens.

Frequently Asked Questions

Is July 5th a bank holiday in 2024?

Yes. July 4th, 2024 falls on Thursday, so the federal government observes Independence Day on Friday, July 5th. Banks are closed on July 5th, 2024.

Can I use my debit card on July 5th if the bank is closed?

Yes. Your debit card works at any ATM and at any merchant, regardless of whether your bank's branch is open. You can also use it to pay bills online or make purchases online.

Will a check I deposit on July 5th clear the same day?

No. Checks deposited on a bank holiday — whether at an ATM or through mobile deposit — post to your account on the next business day. If July 5th is a Friday, the check posts on Monday, July 8th.

Do credit unions have the same July 5th hours as banks?

Most credit unions follow the federal holiday calendar and close on July 5th when it is an observed holiday. Some smaller credit unions may have different policies, so check with your credit union directly.

What if I need to wire money on July 5th?

If the bank is closed, you cannot initiate a wire transfer through a branch. You may be able to wire through online banking, but the wire will not process until the next business day. For urgent transfers, call your bank's phone line to see if they offer holiday wire services.