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Will the post office and banks be open on Monday 16 January on Martin Luther King Jr Day?

Martin Luther King Day is a federal holidaymeaning most banks will be closed, but you can still manage certain transactions.

Will the post office and banks be open on Monday 16 January on Martin Luther King Jr Day?
Gary CameronREUTERS

Monday, January 16, 2023, or Martin Luther King Jr. Day is a federal holiday, meaning that the central bank, the Federal Reserve won’t be open, therefore national banks won’t be either. But most ATM’s will still be working.

It’s important to remember that regardless of whether or not your bank is open, banking transactions will not be processed on this day.

National banks closed on Martin Luther King Day

  • Bank of America: Closed
  • Chase: Closed
  • Wells Fargo: Closed
  • Citibank: Closed
  • US Bank: Closed
  • Capital One: Closed
  • PNC Bank: Closed
  • TD Bank: Closed
  • BB&T: Closed
  • SunTrust: Closed (excluding in-store locations)

What banking transactions can I make on MLK Day?

Even if your bank branch is closed on Monday 17 January, there are a variety of transactions that you can still take care of. Many ATMs accept deposits, and you can always withdrawal cash or check balances at ATMs. As long as your preferred ATM isn’t locked inside the building, you may still be able to handle those tasks.

Also online banking services will remain accessible. For instance you can deposit a check through your bank’s mobile app and schedule bill-paying services, transfers and more. However, most of these services may not fully process until the business day or two after the holiday.

Making a deposit and recurring payments on MLK Day

If you made a deposit in-branch last week, due to MLK day it could take up to six days including the holiday and weekends, for your deposit to become available.If your bank is open, you can still make the deposit on MLK Day, but the transaction will not be processed until the day after.

In general, recurring payments that occur on a weekend or federal holiday should have been scheduled for the last business day prior to the weekend or federal holiday.The cut-off times for processing deposits and payments before a federal holiday vary between banks and even among the different branches, so it’s best to contact yours directly if you’re unsure.

What about post offices?

The US Postal Service will observe the federal holiday. All brick-and-mortar post offices will be closed and there will be no mail delivery or retail service today, but packages will be delivered.

However, some post office services remain available online 24/7, including on holidays. With a account, you can order stamps, print shipping labels, order boxes and other mail supplies, and request package pickups.