IN BRIEF
The Bank Holiday Schedule lists Federal Reserve Bank holidays that may affect settlements and transfers for customers in the United States using iClassPro Payment Services. Since Federal Reserve Banks and Branches close on bank holidays, settlements that fall on those dates will settle the following business day before resuming the normal schedule.
Overview
The Bank Holiday Schedule helps businesses understand when Federal Reserve Bank holidays may delay settlements or transfers processed through iClassPro Payment Services.
When a scheduled settlement falls on a bank holiday, the System does not complete the settlement on that date. Instead, the settlement processes on the following business day. After that, settlements resume the normal schedule.
Important Note: This document only applies to customers in the United States who are using iClassPro Payment Services.
General Bank Holiday Information
The Bank Holiday Schedule is informational and does not require setup in iClassPro. Use this schedule when reviewing expected settlement dates for payments processed through iClassPro Payment Services.
Settlement behavior
- Federal Reserve Banks and Branches are closed on bank holidays.
- Settlements and transfers do not process on bank holidays.
- A settlement scheduled for a bank holiday will settle on the following business day.
- After the delayed settlement processes, settlements resume the normal schedule.
2026 Federal Reserve Bank Holidays
- New Year's Day: January 1, 2026
- Martin Luther King Jr. Day: January 19, 2026
- President's Day: February 16, 2026
- Memorial Day: May 25, 2026
- Juneteenth National Independence Day: June 19, 2026
- Independence Day: July 4, 2026
- NOTE: July 4, 2026, falls on a Saturday and therefore is not recognized as a bank holiday.
- Labor Day: September 7, 2026
- Columbus Day: October 12, 2026
- Veterans Day: November 11, 2026
- Thanksgiving Day: November 26, 2026
- Christmas Day: December 25, 2026
2027 Federal Reserve Bank Holidays
- New Year's Day: January 1, 2027
- Martin Luther King Jr. Day: January 18, 2027
Troubleshooting & FAQs
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Why did a settlement not process on the expected date?
- The settlement date may have fallen on a Federal Reserve Bank holiday. Settlements and transfers do not process when Federal Reserve Banks and Branches are closed.
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When will a settlement process if the scheduled date falls on a bank holiday?
- The settlement will process on the following business day. After that, the normal schedule resumes.
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Does this schedule apply to all iClassPro customers?
- No. This schedule only applies to customers in the United States who use iClassPro Payment Services.
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Is July 4th recognized as a bank holiday?
- Yes, if it falls on a weekday. However, July 4, 2026, falls on a Saturday and therefore is not recognized as a bank holiday in 2026.
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