Are banks open on Memorial Day 2021?

Memorial Day is a federal holiday in the United States which pays tribute to military personnel who have died in the performance of their military duties while serving in the US Armed Forces.

Are banks open on Memorial Day 2021?
Robert Galbraith REUTERS

With coronavirus cases plummeting and 1.8 million U.S. residents getting vaccinated each day, more Americans plan this upcoming Memorial Day weekend to get back to old pleasures like friends over, evenings out, travel and afternoons at a ball game.

They will also encounter something new and less pleasant: rising prices. Prices are expected to keep rising for much of the summer, pushed up by, among other things, bottlenecks crimping supply of both materials and labour, and surging consumer demand.

Sin tituloA boy scout places American flags at graves ahead of Memorial Day in the Los Angeles National Cemetery in Los Angeles, California on May 29, 2021. - The "Flags In" tradition takes place ahead of Memorial Day which honors service members who died while serving in the military. (Photo by Agustin PAULLIER / AFP)

Memorial day sales

Memorial Day sales are an enduring feature of summertime's opening three-day weekend, with deals on big-ticket items like washing machines and mattresses. But with demand up, parts scarce, and inventories low, prices for durables are up 7.5% from February 2020.

Airfares have also increased for those looking to get away for the weekend with a sharp rise recently, including a 10% increase from March to April, airfares are still 18% below pre-pandemic levels, meaning that an air ticket today is going for around what it might have done about 15 years ago. Lodging

Banking on Memorial Day 2021

Those hoping to pop into their local banks on 31 May will be out of luck with all major banking institutions and credit unions closed on Memorial Day 2021. Online banking services and ATM machines will still be active and customers should remember that although you can make a deposit on Memorial Day bear in mind that it isn’t considered a business day and that the transaction won’t be posted until June 1st.