Is Veterans Day Bank Holiday?
Your question – is Veterans day a bank holiday or not?
My answer is Yes. Veterans day is an important federal holiday in the United States of America that falls on the 11th of November each year.
In this case, most financial institutions including banks remain closed for the day. Even, if this day falls on Sunday in a year, then typically, workers get a holiday on the following Monday.
However, it is not bound to private banks; if they want, they can choose to work on this day. But yes, most government banks, including the federal reserve remain closed.
But What Is Veterans Day That Even Banks Get Holiday On It?
Veterans Day is a federal holiday in the USA, dedicated to the veterans of the United States armed forces. The day is primarily observed to remember and honor them.
Earlier, the day was dedicated to the veterans who fought during the battles of World War I, World War II, the Korean War, and the Vietnam War.
However, present day, it honors all the veterans of the US forces.
What Is The History of Veterans Day?
In 1917, the United States of America entered World War I, where many hundred thousand American veterans participated and sacrificed their lives for the nation.
In 1918, on November 11th, Germany surrendered the war and signed an armistice with the allies (Mainly Great Britain, France, and the USA).
A year after, on November 11th, 1919 along with the other allies, the United States celebrated the first Armistice Day.
On May 13th, 1938, the US Congress approved a bill to make the Armistice Day of November 11th a legal annual holiday.
In 1945, after World War 2, a veteran named Raymond Weeks from Birmingham, Alabama suggested US authorities observe Armistice Day for all the veterans in the US armed forces, not only for the veterans who died in World War 1.
Although took some time, the US authority finally took his idea seriously.
During Dwight D. Eisenhower’s tenure, on June 1st, 1954 via an amendment of a bill, they decided to replace the name “Armistice Day” with “Veterans Day”.
Since then, Americans have been celebrating it on the 11th of November each year.