Are Banks Open on New Year’s Day?

No. Banks are closed on New Year’s Day. January 1 is a Federal Reserve holiday, so ACH payments, direct deposits and wires do not settle that day. Post offices and the stock market are closed too. 71 days until .

  • Banks: closed; most follow the Federal Reserve schedule. ATMs, online and mobile banking still work, but most transactions post on the next business day.
  • Federal Reserve, FedACH and Fedwire: No. is not a business day for United States (Federal Reserve and banks): New Year's Day.
  • USPS: closed. Post offices are closed and there is no regular mail delivery; Priority Mail Express is delivered in some locations for an extra fee.
  • UPS and FedEx: they set their own holiday schedules, separate from banks and USPS; check with the carrier before you ship.
  • NYSE and Nasdaq: No. is not a business day for NYSE and Nasdaq (stock market): New Year's Day.
  • Bond market: closed; SIFMA recommends a full close on Friday, January 1, 2027.
  • Federal offices (OPM): No. is not a business day for United States (federal): New Year's Day.
  • Is it a business day? No. Business days are Monday to Friday minus holidays, and New Year’s Day is a holiday on every US calendar we track.

Next year is different: New Year’s Day 2028 is a Saturday. Federal offices take Friday, December 31, 2027 off instead, but the Federal Reserve, most banks and the NYSE stay open that Friday. See the table below.

What’s open and closed on New Year’s Day 2027, 2028 and 2029

Each line is worked out from the official holiday calendar of the institution named: OPM for federal offices, the Federal Reserve for banks and the NYSE for stocks.

New Year’s Day 2027 (Friday)

  • Banks and the Fed: No. is not a business day for United States (Federal Reserve and banks): New Year's Day.
  • Stock market: No. is not a business day for NYSE and Nasdaq (stock market): New Year's Day.
  • Federal offices: No. is not a business day for United States (federal): New Year's Day.

New Year’s Day 2028 (Saturday)

  • The Friday before, banks and the Fed: Yes. is a business day for United States (Federal Reserve and banks).
  • The Friday before, stock market: Yes. is a business day for NYSE and Nasdaq (stock market).
  • The Friday before, federal offices: No. is not a business day for United States (federal): New Year's Day (observed), for the holiday on .
  • Saturday, January 1, 2028 itself: banks with Saturday hours may close; check your branch. USPS has not published its 2028 schedule yet.

New Year’s Day 2029 (Monday)

No. is not a business day for United States (Federal Reserve and banks): New Year's Day. Banks, federal offices and the stock market are all closed, as in 2027.

The New Year’s Day that the markets skip

Most years New Year’s Day is simple: everything closes. 2028 is one of the exceptions, and it catches people out because each institution handles a Saturday holiday its own way.

  • Federal offices move a Saturday holiday to the Friday before. OPM lists New Year’s Day 2028 as Friday, December 31, 2027.
  • The Federal Reserve keeps its Reserve Banks open. Its schedule says that for a Saturday holiday “Federal Reserve Banks and Branches will be open the preceding Friday; however, the Board of Governors will be closed”, and it lists December 31, 2027.
  • The NYSE would normally close the Friday before, but not when that Friday ends a monthly or yearly accounting period, as December 31 does. Its calendar shows no New Year’s Day holiday at all for 2028.

So the next New Year’s weekday off for banks after January 1, 2027 is Monday, January 1, 2029. If you run payroll or schedule payments, treat December 31, 2027 as a normal bank business day.

When does money arrive around New Year’s Day?

Nothing settles through the Fed on a weekday New Year’s Day. Payments and deposits sent on January 1 are processed on the next business day, and a payday that falls on January 1 is usually moved to the business day before. For example, a Friday payroll due on January 1, 2027 is normally paid on Thursday, December 31, 2026. Your employer sets the exact date.

  • Last bank business day before New Year’s Day: 1 business day before is , excluding United States (Federal Reserve and banks) holidays.
  • Next bank business day after New Year’s Day: 1 business day after is , excluding United States (Federal Reserve and banks) holidays.

A check or mobile deposit you make on New Year’s Day is treated as received on the next business day. To count a deadline in business days past the holiday, use the business days calculator or find the date a number of business days from today.

Is there mail on New Year’s Day?

No. New Year’s Day is a postal holiday: post offices are closed, regular mail is not delivered and collection boxes are not picked up. USPS delivers Priority Mail Express in some areas for an extra fee. Mail resumes on the next delivery day. Check usps.com for local hours. UPS and FedEx set their own holiday schedules; check the UPS and FedEx sites.

Is the stock market open on New Year’s Day?

No. The NYSE and Nasdaq are closed on Friday, January 1, 2027, and SIFMA recommends a full bond market close. The day before, Thursday, December 31, 2026, stocks trade a full day while SIFMA recommends a 2:00 pm ET bond market close. In 2028 the stock market has no New Year’s holiday, because January 1 is a Saturday. The full list is on our stock market holidays page.

New Year’s Day FAQ

Is New Year’s Day a bank holiday?

Yes. January 1 is on the Federal Reserve holiday schedule, so banks are closed. When it falls on a Saturday, as in 2028, the Reserve Banks stay open on the Friday before (only the Board of Governors closes).

Is New Year’s Day a business day?

No. is not a business day for United States (Federal Reserve and banks): New Year's Day. The same is true for federal offices and the stock market when January 1 is a weekday.

Is there mail on New Year’s Day?

No regular mail. Post offices are closed; only Priority Mail Express is delivered in some areas.

Is the stock market open on New Year’s Day 2027?

No. No. is not a business day for NYSE and Nasdaq (stock market): New Year's Day. Trading resumes the next business day: 1 business day after is , excluding NYSE and Nasdaq (stock market) holidays.

More holiday answers

Sources, last checked October 21, 2026: Federal Reserve holiday schedules (frbservices.org) and federalreserve.gov; OPM federal holidays; NYSE holidays and trading hours; SIFMA holiday schedule; about.usps.com; ups.com; fedex.com.

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