Bank of America issues statement over ‘affected transactions’ and warns it may take longer for customers to get money

This is fairly common, as most banks follow the schedule set by the Federal Reserve, which observes the same 11 holidays every year.

LIMITED ACCESS

It’s also important to note that Bank of America’s ATM and online banking operations are still accessible on New Year’s Day, but any in-person needs at branches cannot be met.

MAIL MADNESS

Americans should remember that other government services, like the United States Postal Service (USPS), are closed on New Year’s Day.

The financial institution is closing its over 3,700 branches nationwide for 24 hours.

Bank of America customers who typically deposit or receive funds on the day a federal holiday falls, like New Year’s Day, should expect not to have the transaction go through until January 2, 2025.

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Ulta and Amazon have offered a similar window until January 31.

To avoid any issues or stress with banking and mail, it’s best to plan in advance next year before any federal holidays.

Its ATMs and online banking offerings are also still available.

Customers should be aware that the next federal holiday, Martin Luther King Jr. Day, is coming soon on January 15, and should plan ahead to avoid any issues.

They include New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Indigenous Peoples’ Day, Veterans Day, Thanksgiving Day, and Christmas Day.

Only the 24/7 self-service kiosks from USPS are open on New Year’s Day, and USPS Priority Mail Express is delivered in select locations.

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Dates only change if the holiday happens to fall on a weekend.

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