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SavingAdvice.com Blog There are less than one dozen holidays throughout the year for which banks close. They’re called federal holidays but are, understandably, also known as bank holidays. Memorial Day is one of those holidays. Therefore, if you’re wondering if banks are open on Memorial Day 2021, the short answer is no. What Are Federal Holidays? Federal holidays are holidays recognized by the American federal government. They’re the holidays which the government deems official. On these days, almost all government offices shut down. Many government services shut down as well. For example, banks don’t open on federal holidays. Post offices, courthouses, and libraries also close for federal holidays. Moreover, services such as garbage collection may shut down or later their scheduled. ....