Bank Holidays 2027
The two calendars that matter for money movement in 2027: the 11 OPM federal holidays (when federal workers are off) and the 9 Federal Reserve settlement holidays (when banks actually close). They are not the same list — three Fridays differ.
| Holiday | Falls on | Federal employees off (OPM) | Banks closed? (Fed K.8) |
|---|---|---|---|
| New Year's Day | Friday 1/1/2027 | Friday 1/1/2027 | Yes — 1/1/2027 |
| Birthday of Martin Luther King, Jr. | Monday 1/18/2027 | Monday 1/18/2027 | Yes — 1/18/2027 |
| Washington's Birthday | Monday 2/15/2027 | Monday 2/15/2027 | Yes — 2/15/2027 |
| Memorial Day | Monday 5/31/2027 | Monday 5/31/2027 | Yes — 5/31/2027 |
| Juneteenth National Independence Day | Saturday 6/19/2027 | Friday 6/18/2027 | No — banks open 6/18/2027 |
| Independence Day | Sunday 7/4/2027 | Monday 7/5/2027 | Yes — 7/5/2027 |
| Labor Day | Monday 9/6/2027 | Monday 9/6/2027 | Yes — 9/6/2027 |
| Columbus Day | Monday 10/11/2027 | Monday 10/11/2027 | Yes — 10/11/2027 |
| Veterans Day | Thursday 11/11/2027 | Thursday 11/11/2027 | Yes — 11/11/2027 |
| Thanksgiving Day | Thursday 11/25/2027 | Thursday 11/25/2027 | Yes — 11/25/2027 |
| Christmas Day | Saturday 12/25/2027 | Friday 12/24/2027 | No — banks open 12/24/2027 |
Sources: Federal Reserve K.8 — Holidays Observed 2026–2030 · OPM 2027 Holiday Schedule · checked 2026-11-08.
Saturday Juneteenth / Christmas: banks open Friday, federal employees off Friday
The trap in 2027 is the three Saturday holidays. Juneteenth (June 19), Christmas (December 25), and New Year's Day 2028 (January 1) all fall on Saturdays. OPM gives federal employees the preceding Friday off — June 18, December 24, and December 31. The Federal Reserve's K.8 schedule does the opposite for banks: Fed banks are open those Fridays, because for Saturday holidays they remain open the preceding business day. Result: 11 federal holidays but only 9 settlement closures in 2027.
For payroll that means direct deposits dated June 18, December 24, or December 31 settle normally — no early submission needed. The real settlement closures are January 1 (Friday), January 18, February 15, May 31, July 5 (Monday, observed Independence Day), September 6, October 11, November 11, and November 25. If a payday lands on one of those, money moves the previous business day under the pay-early rule — our payday calendar tool applies exactly this Fed calendar.
Frequently asked questions
How many bank holidays are there in 2027?
Federal Reserve banks close for 9 settlement days in 2027: Jan 1, Jan 18, Feb 15, May 31, Jul 5, Sep 6, Oct 11, Nov 11, and Nov 25. ACH transfers and wire settlement do not process those days.
Are banks open on Friday December 24, 2027?
Yes. Christmas Day falls on Saturday, December 25, and per the Federal Reserve K.8 schedule banks remain open the preceding Friday. Federal employees get Friday off (in-lieu holiday), but settlement runs — the same applies to Friday June 18 (Juneteenth) and Friday December 31 (New Year's Day 2028).
Do direct deposits arrive early when Monday is a bank holiday?
Usually yes — payroll files submitted for a holiday Monday typically settle the prior business day. Employers and payroll providers plan submit dates 1–2 business days earlier; ask your payroll provider how they handle the July 5 observed Independence Day.