Banking calendars by year
Bank holidays for payments: Fed, TARGET2 and UK.
The days US ACH and Fedwire, euro TARGET and SEPA, and UK Bacs and CHAPS don’t settle, for 2025 to 2028. Each year’s page lists the closures with their weekdays, the banking days around them and the business days per month.
Federal Reserve bank holidays
The Federal Reserve Banks observe eleven federal holidays (a year has fewer closed days when one falls on a Saturday). FedACH and Fedwire don’t settle on them, and the Nacha Operating Rules count banking days on this calendar, so it sets every ACH settlement date and return deadline.
| Date | Holiday |
|---|---|
| Thursday, January 1, 2026 | New Year's Day |
| Monday, January 19, 2026 | Birthday of Martin Luther King, Jr. |
| Monday, February 16, 2026 | Washington's Birthday |
| Monday, May 25, 2026 | Memorial Day |
| Friday, June 19, 2026 | Juneteenth National Independence Day |
| Monday, September 7, 2026 | Labor Day |
| Monday, October 12, 2026 | Columbus Day |
| Wednesday, November 11, 2026 | Veterans Day |
| Thursday, November 26, 2026 | Thanksgiving Day |
| Friday, December 25, 2026 | Christmas Day |
TARGET2 closing days
TARGET, the Eurosystem’s settlement system for euro payments (T2 since March 2023, still widely called TARGET2), has six closing days a year besides weekends. Banks and payment schemes across the euro area treat them as non-business days for interbank settlement.
| Date | Holiday |
|---|---|
| Thursday, January 1, 2026 | New Year's Day |
| Friday, April 3, 2026 | Good Friday |
| Monday, April 6, 2026 | Easter Monday |
| Friday, May 1, 2026 | Labour Day |
| Friday, December 25, 2026 | Christmas Day |
UK bank holidays
Bank holidays in England and Wales come from the Banking and Financial Dealings Act 1971 and royal proclamations. UK payment systems such as Bacs and CHAPS don’t process on them.
| Date | Holiday |
|---|---|
| Thursday, January 1, 2026 | New Year's Day |
| Friday, April 3, 2026 | Good Friday |
| Monday, April 6, 2026 | Easter Monday |
| Monday, May 4, 2026 | Early May bank holiday |
| Monday, May 25, 2026 | Spring bank holiday |
| Monday, August 31, 2026 | Summer bank holiday |
| Friday, December 25, 2026 | Christmas Day |
| Monday, December 28, 2026 | Boxing Day (substitute day) |
Why the calendars disagree
A date can be a holiday on one calendar and a normal settlement day on another: Good Friday closes TARGET and UK payments but not the Federal Reserve; Thanksgiving closes FedACH but not SEPA. Cross-border payments need both ends open, so check each currency’s calendar.
Weekends are where they differ most. The Federal Reserve observes a Sunday holiday on the Monday after but stays open the Friday before a Saturday one; the UK moves weekend Christmas, Boxing Day and New Year’s Day to the next weekdays; TARGET never substitutes.
Sources: the Federal Reserve’s holiday schedule, the ECB’s TARGET closing days and gov.uk’s bank holidays for England and Wales, computed by rule. Unscheduled closures and future one-off UK bank holidays can’t be known in advance. Informational only.