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Bank of America, Wells Fargo and Chase have planned a massive closure of all their branches for 72 consecutive hours. During that time, customers will not be able to carry out major banking transactions that require in-person, personalized assistance.
The decision responds to a federal measure that affects all Americans. During that period, millions of people will have to reorganize payments, deposits, and financial procedures in the face of the temporary suspension of banking activities in much of the country.
Why Bank of America, Wells Fargo and Chase will close across the United States
The financial institutions confirmed that their branches will remain closed next Monday, May 25, due to the federal Memorial Day holiday, one of the most important dates on the official U.S. calendar.
The closure will affect Bank of America, Wells Fargo, Chase and other financial institutions that suspend activities during national holidays. Since Monday falls next to the weekend, many customers will have up to 72 consecutive hours without in-person service at branches.
Although the banks will remain closed, ATMs and mobile apps will remain available for basic transactions such as cash withdrawals, payments, and balance inquiries.
What transactions could be affected during the bank closure?
The financial institutions warned that some economic movements could experience delays until the banking system reopens on the Tuesday after the holiday.
Among the transactions that could be delayed are the following:
- ACH transfers.
- Check processing.
- Direct deposits.
- Automatic payments.
- In-branch service.
The banks recommend making transfers, important payments, and deposits before the start of the long weekend to avoid delays linked to the temporary suspension of activities nationwide.