Good Friday, observed on April 18, 2025, is a significant day for many Christians, commemorating the crucifixion of Jesus Christ. However, in the United States, it is not recognized as a federal holiday. This distinction affects the operations of various institutions, including banks.
Are Banks Open on Good Friday?
Yes, most banks across the United States will be open on Good Friday, April 18, 2025. Since Good Friday is not a federal holiday, banks regulated by the federal government do not close for this day.
However, it's important to note that some states observe Good Friday as a state holiday. These states include Connecticut, Delaware, Florida, Hawaii, Indiana, Kentucky (half-day), Louisiana, New Jersey, North Carolina, North Dakota, Tennessee, and Texas. In these states, certain banks and government offices may be closed.
Financial Markets on Good Friday
While banks remain mostly open, financial markets observe Good Friday differently:
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Stock Markets: Both the New York Stock Exchange (NYSE) and the Nasdaq Stock Market will be closed on Good Friday.
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Bond Markets: The bond market will close early at 2:00 PM Eastern Time on Thursday, April 17, 2025, in observance of Maundy Thursday.
Postal Services and Retail Stores
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Postal Services: The United States Postal Service (USPS) will operate on its regular schedule on Good Friday.
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Retail Stores: Most major retailers, including Walmart, Costco, and Target, are expected to be open on Good Friday. However, it's advisable to check with local stores for specific hours, as they may vary by location.
Conclusion
In summary, while Good Friday is a day of religious significance, it is not a federal holiday in the United States. Therefore, most banks will be open on April 18, 2025. However, in states where Good Friday is recognized as a state holiday, some banks and government offices may be closed. Financial markets will observe the day by closing stock markets and adjusting bond market hours. Postal services and most retail stores will operate as usual.
For the most accurate information, it's recommended to check with your local bank or institution regarding their specific hours on Good Friday.