Traditionally, banks were known for their limited operating hours, often opening later and closing by mid-afternoon, which was seen as a pejorative. However, many customer-facing banks have significantly shifted their practices, now remaining open later, on weekends, and even on federal holidays. While the Federal Reserve does not process ACH payments on certain holidays, customer-facing banks have the flexibility to choose their holiday operations, leading to a diverse schedule reflecting customer needs in the banking sector.
Unlike the Fed, customer-facing banks have broad discretion over which holidays they observe, with many choosing to remain open on federal holidays to serve customers.
Historically, banking hours were considered limited, with banks opening later in the day and closing in the early afternoon; this has changed significantly in recent years.
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