Recent Examples of bank holiday from the Web
In Britain, markets will also be closed on Monday for the spring bank holiday.
William and Kate’s wedding was also declared a bank holiday in the United Kingdom, giving many citizens the day off work to partake in the festivities, while Harry and Meghan’s was not.
Soak up the bank holiday rays from one of our hot-tubs in the Spa this weekend.
Monday’s moves in metals were muted with the London market closed for a bank holiday.
The first weekday after Christmas in the United Kingdom, Canada and several other Commonwealth countries is an official bank holiday.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'bank holiday.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of BANK HOLIDAY
What It Is
A bank holiday is a day on which a bank or banking system is closed.
How It Works
In the United States, banks and financial markets generally cannot be closed for more than four calendar days in a row, which puts some limits on the timing and quantity of bank holidays.
In the United States, here are some typical bank holidays (exact dates vary):
In the United Kingdom, typical bank holidays include (exact dates vary):
In Hong Kong, typical bank holidays include (exact dates vary):
Why It Matters
Every country has its own bank holidays, and on those days, banks do not process transactions. Deposits and withdrawals do not post until the next banking day at the earliest. Sometimes, bank holidays occur in response to emergencies.
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