Martin Luther King Jr. Day is a federal holiday that is celebrated every year on the third Monday of January. This year it will take place on Monday, January 16, as it always falls close to King’s January 15 birthday. King was a famous civil rights activist, who was tragically assassinated on April 4, 1968 in Memphis, Tennesee at just 39-years-old.
To celebrate’s King’s life and all of the good he did for people everywhere, MLK Day was signed into law by President Ronald Reagan in 1983. It was observed for the first time in 1986, but it wasn’t until 2000 when all 50 states recognized it as a paid holiday for all state employees.
So you can plan out all of your errands, here is everything you need to know about banks and stores on Monday, January 16, 2017.
Are Banks Open On Martin Luther King Jr. Day?
Because MLK Day is a federal holiday, virtually all banks will be closed. You can always call your local branch to make sure, but it’s doubtful they will be open. Bank of America, BB&T, Capital One Bank, Chase Bank, and many others have announced that all of their branches will be closed. If you have to do some banking, your best bet is just to take care of your business online.
What Stores Are Open On Martin Luther King Jr. Day?
All stores will be open for regular hours on MLK Day, so you’ll have no problem doing your shopping. In fact, a bunch of stores even offer special MLK Day sales. Here are links from GOBankingRates, RetailMeNot, and Offers for all of the best deals out there.