The Columbus Day 2016 is going to be observed on Monday, October 10. Many are wondering if the celebration means an off-day for banks in the United States. Here is everything you need to know.
Most restaurants will be open; so will be malls. There won't be any mail delivery. All courts and federal offices will be closed.
In terms of US banks, there will only be a handful open on Monday. Here are the banks that will be open: ValueBank Texas, Whitney Bank, Webster Bank, Intrust Bank, Union First Market Bank, Valley National Bank, U.S. Bank, Northfield Bank, Metro Bank, Hancock Bank, First Merchants Bank, American Savings Bank, Fulton Bank, American National Bank and American Chartered Bank.
Other US banks that will also be open are Sun Bank, Huntington National Bank, PNC, Wells Fargo, TD Bank, Chase and SunTrust in-store locations.
The following banks will be closed on the Columbus Day 2016: HSBC, Citibank, Bank of America, Union Bank, Santander Bank, City National Bank, BB&T and Capital One.
The Columbus Day 2016 won't be observed in Hawaii, Oregon, Nevada, California and South Dakota. Nevertheless, it is always safe to make a call to your local branch and find out if it is open.
In case you deposit a check in an ATM on Monday, it may not get process until the next business day.
USPS & Stock Exchange
According to the United States Postal Services, Monday will be an off day. That's the only public holiday in October for USPS. There will be two public holidays in November: on 11th for the Veterans Day and on 24th for the Thanksgiving Day.
The Nasdaq-NYSE Amex, as well as the New York Stock Exchange, will, however, be open on Monday.
The Columbus Day is celebrated to remember Christopher Columbus' arrival in the Americas on October 12, 1492.