Why you won’t get any payments on July 4 – and when you can expect it to land in your account


Consumers can expect most financial institutions across the US to be closed on Monday, July 4.

Fourth of July, also known as Independence Day, is one of the most important holidays of the year for Americans.


Americans can still withdraw money from ATMs, but most financial services won’t be available on July 4thcredit: Getty – Contributor

The Federal Reserve also recognizes the Fourth as a bank holiday, which means the US financial system will virtually shut down.

Banks and financial institutions are not forced to close for bank holidays, but most do.

Major banks such as Capital One, Chase, Wells Fargo and Bank of America will close along with the New York Stock Exchange.

If you are unsure of your 4th of July hours but expect closure, you should check with your local bank branch.

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The Fed recognizes 11 bank holidays throughout the year, including New Year’s Day, Memorial Day, Columbus Day and Thanksgiving.

When a bank is closed on a holiday, it will not process any transactions until it reopens.

So it is on Tuesday 5th July.

If the 4th of July falls on a Saturday, the bank holiday is observed on Friday, 3rd July.

And should the Fourth ever fall on a Sunday, the Fed will recognize July 5th as a bank holiday.

You can still withdraw money from ATMs, use credit cards, and use online banking tools during the holidays.

How vacation affects your payments

Financial leave will also affect any direct payments you receive from a state or federal organization.

For example, New Hampshire Department of Employment Security Closed on the 4th of July, and as a result will not send any direct deposit or checks on the 4th.

If you are concerned about how benefit payments may be affected by a bank holiday, you should contact the organization that distributes the funds for more information.

The financial system shouldn’t be a problem on a holiday, but keep in mind that you shouldn’t expect to receive payments or process transactions on Mondays.

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the sun has one Detailed List of Child Tax Credit Programs in Each StateWhich other families are eligible, including the benefit amount.

And for more information about direct payments, check out The Sun’s Motivational Live Blog,


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