Bank Holiday

Bank Holiday
Any business day during which commercial banks and savings & loans institutions are closed for business to the public, specifically at physical locations. These holidays usually coincide with federal holidays in the United States, but each country defines is own bank holidays.

Infrequently, a bank holiday can also refer to a day where there is an emergency bank closure to avert a bank run. This type of bank holiday occurred as a result of the Emergency Banking Act of 1933 during the Great Depression in the United States.

In the United States, scheduled bank holidays do not necessarily coincide with stock market or capital market holidays, although they do tend to be federal holidays. There will never be two consecutive business days that are scheduled bank holidays (during which banks are closed to the public.)

Most online banking systems will still allow access by customers even on bank holidays.


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  • bank holiday — Holidays under the Banking and Financial Dealings Act 1971. In England, Wales and Northern Ireland the bank holidays are: Easter Monday; the last Mondays in May and August; Boxing Day (if not a Sunday); December 27 (if either Christmas Day or… …   Law dictionary

  • bank holiday — ➔ holiday * * * bank holiday UK US noun [C] UK ► an official public holiday when banks, schools, and many businesses are closed for the day: »Is Good Friday a bank holiday? »Our offices will be closed for the bank holiday. »All our stores will be …   Financial and business terms

  • bank holiday — n BrE an official holiday when banks and most businesses are closed American Equivalent: public holiday ▪ Next Monday is a bank holiday. bank holiday weekend (=a weekend on which there is a bank holiday on Friday or Monday) …   Dictionary of contemporary English

  • bank holiday — bank holidays N COUNT A bank holiday is a public holiday. [BRIT] (in AM, usually use national holiday) …   English dictionary

  • bank holiday — noun count BRITISH a NATIONAL HOLIDAY …   Usage of the words and phrases in modern English

  • bank holiday — ► NOUN Brit. ▪ a public holiday, when banks are officially closed …   English terms dictionary

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  • Bank holiday — This article is about the public holiday in the United Kingdom and the Republic of Ireland. For the bank holiday declared in the USA during the Great Depression, see Emergency Banking Act. For the film, see Bank Holiday (film). A bank holiday is… …   Wikipedia

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  • bank holiday — noun (C) 1 BrE an official holiday when banks and most businesses are closed: Next Monday is a bank holiday. | stuck in the bank holiday traffic | bank holiday weekend (=a weekend on which there is a bank holiday on Friday or Monday): Are you… …   Longman dictionary of contemporary English

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