Why you won’t get any payments on Juneteenth 2022 – and when you can expect it to land in your account


Consumers can expect most financial institutions across the United States to remain closed on Monday, June 20.

Juneteenth – which is celebrated on June 19th or the following Monday if the 19th is a weekend – celebrates the end of slavery in America.


Americans can still withdraw money from ATMs, but most financial services won’t be available June 20credit: Getty – Contributor

The Federal Reserve also recognizes Juneteenth 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.

You should check with your local bank branch if you are unsure of its June hours but expect closure.

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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.

In such a situation, it will be on Tuesday 21 June.

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

When did Juneteenth become a federal holiday?

Juneteenth, also known as Emancipation Day, is the latest US federal holiday since it was officially recognized in 2021.

The holiday has been celebrated since 1866, however, when free people in Texas celebrated “Jubilee Day” on the one-year anniversary of their liberation.

On June 19, 1865, two months after the Union surrendered in the Civil War, Union General Gordon Granger rode to Galveston, Texas to enforce Union laws in the state.

Many in Texas still considered the state separate from America after the war, and some slaves fled to Texas when the war shifted, believing they could cling to slavery in the vast lands.

At Galveston, Granger read General Orders Numbers 3, 4, and 5, which outlined American law and formally re-union Texas.

Order 3 abolished slavery in Texas and Granger’s words survive today:

“The people of Texas are informed that, in accordance with a declaration of the Executive of the United States of America, all slaves are free.”

The first Juneteenth celebrations were held the following year, and the tradition has been around for 160 years.

In 1979, Texas became the first state to recognize Juneteenth as a holiday, and nearly every state honored it the day before the federal declaration in 2021.

How vacation affects your payments

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

For example, all Michigan State employees have a holiday on Monday, June 20, according to daily reporter,

As a result, no unemployment payments will be processed on June 21.

However, some states have opted to observe Friday, June 17 as a holiday, such as new jerseywhere the governor announced off.

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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