Americans planning to handle in-person banking on September 1, 2025, should make arrangements ahead of time. Bank of America will temporarily close all 3,800 of its branches for a full 24 hours in observance of Labor Day, a federally recognized holiday. Other financial institutions, including Chase, Wells Fargo, and more, will also close their doors.
This mass closure is expected to impact millions of customers who rely on in-person services to manage their accounts, loans, and financial transactions.
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Why Are Banks Closing on September 1?
Labor Day Observance and Federal Reserve Holiday Schedule
Labor Day, celebrated on the first Monday of September, honors the hard work and achievements of the American workforce. It’s one of the key holidays on the Federal Reserve’s official calendar, which dictates the operating schedules of nearly all major financial institutions.
Because of this, customers won’t be able to:
- Visit physical bank branches
- Access in-person services like opening accounts, applying for loans, or handling investment matters
- Interact with bank staff for account inquiries or safe deposit box access
What Banking Services Will Still Be Available?
While brick-and-mortar locations will be closed, digital services will remain operational. Here’s what you can still do:
Use of ATMs
All ATM services will remain accessible, allowing consumers to withdraw or deposit cash and check balances.
Mobile and Online Banking
Bank of America’s mobile app and online banking platform will still function, meaning customers can:
- Transfer funds between accounts
- Make mobile check deposits
- Schedule bill payments
- Monitor balances and transactions
However, any transactions processed on Labor Day—such as deposits or transfers—will remain pending and will not post until September 2, 2025, the following business day.
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Important Tip: Plan Ahead for First-of-the-Month Payments
Mortgage, Rent, and Credit Card Due Dates
Because September 1 is also the first of the month, the timing may complicate things for Americans with automated or scheduled payments due that day. That includes:
- Mortgage payments
- Rent
- Credit card bills
- Loan installments
If possible, submit payments before September 1 to avoid any confusion or risk of late penalties.
Will Late Fees Apply?
Generally, as long as the transaction is initiated on Labor Day, it should still count as being paid on time. But it’s always wise to confirm with your individual lender or service provider in advance.
Other Federal Bank Holidays to Know in 2025
Labor Day isn’t the only day banks will close this year. Here are the remaining Federal Reserve-recognized holidays when you can expect banks like Bank of America, Chase, and Wells Fargo to suspend in-person operations:
- Columbus Day / Indigenous Peoples Day – October 13
- Veterans Day – November 11
- Thanksgiving Day – November 27
- Christmas Day – December 25
If any of these dates fall on a Saturday, banks will remain open the preceding Friday. If they land on a Sunday, banks will be closed the following Monday instead.
Still Available: Bank of America Offers Cash Bonus for New Accounts
While the summer bonus of $300 for new checking accounts ended on July 31, there’s still time to claim a $325 bonus if you open an Everyday Checking account with Bank of America.
How to Qualify
- Open the Everyday Checking account online
- Set up $1,000 or more in direct deposits within 90 days
- Meet other eligibility terms as outlined by Bank of America
This offer provides a great opportunity for new customers to boost their balance ahead of the holiday closures.
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Final Thoughts: Don’t Let the Holiday Catch You Off Guard
Whether you bank with Bank of America, Chase, or any other major institution, take the time to prepare for the Labor Day banking shutdown. Delayed transactions and limited access to in-person services can create unnecessary stress—especially if you wait until the last minute.
Plan your transactions now, confirm due dates for payments, and take full advantage of mobile banking tools to stay on top of your finances during the closure.