Do banks operate on Inauguration Day?

SAN FRANCISCO — Monday is a federal holiday in the U.S. known as Inauguration Day. 

It’s when the president-elect and vice president-elect are sworn in and take office to officially start their terms. 

Both Inauguration Day and Martin Luther King Jr. Day will occur on Monday, January 20th this year. These two holidays are observed as federal holidays, so even though they coincide on the same day, federal workers will only have 11 paid days off.

Because there are two federal holidays Monday, you might want to check what’s open before running your errands. 

Several important offices will be closed Monday, Jan. 20, 2025 in observance of the two federal holidays. Here’s a look at what you can expect.

Since January 20th is a Federal Reserve bank holiday, the majority of banks, including US Bank, Bank of America, Chase, Citibank, Capital One, PNC Bank, Santander Bank, TD Bank, Truist, and Wells Fargo branches, will be closed.

You can still utilize online banking and ATM services. As always, be sure to check with local branches for hours on specific locations. 

All United States Post Offices will be closed and mail will not be delivered Monday.

UPS will be closed Monday but FedEx locations will be open. Some services may experience a delay due to the holiday.

All federal offices will be closed, including federal courts.

Regardless of the specific day your state celebrates, January 20th is also recognized as a state holiday. Consequently, state offices, such as DMVs, will be closed on this date.

Some local municipalities may remain open, or may have some offices open in a limited capacity. Check with your local government offices first to make sure they’re open, or head over on Tuesday instead. 

The New York Stock Exchange observes U.S. holidays, so the stock market will be closed Monday.

Major retailers, including national stores such as Traget and Walmart, will be open Monday as the president-elect is officially starts his term. 

Grocery stores and pharmacies, like Costco, Safeway or CVS, will also be open. 

Be sure to check with your local stores, as they may have adjusted hours.

With the addition of Juneteenth in 2021, there are now 11 annual paid federal holidays.

• New Year’s Day
• Dr. Martin Luther King Jr’s birthday
• George Washington’s birthday (Often called Presidents’ Day)
• Memorial Day
• Independence Day
• Labor Day
• Columbus Day (Also known in some jurisdictions as Indigenous Peoples’ Day, but the federal designation remains Columbus Day)
• Veterans Day
• Thanksgiving
• Christmas

There is also a 12th holiday for federal workers in the United States — the once-every-four-years Inauguration Day.