Banks in the United States are closed on Veterans Day. It is recognized as a federal holiday by the U.S. government, including the Federal Reserve Bank. Veterans Day is celebrated on Nov. 11.
Banking transactions do not process on Veterans Day because the Federal Reserve system does not operate on that day. Although it is a banking holiday, some individual branches of some banks elect to open to cater to the needs of their customers. Although these banks and branches take deposits and provide cash withdrawals to their customers, these transactions do not process until the next regular banking day.