What it is:
A bank holiday is a day on which a bank or banking system is closed.
How it works (Example):
In the United States, banks and financial markets generally cannot be closed for more than four calendar days in a row, which 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.and withdrawals do not post until the next banking day at the earliest. Sometimes, bank holidays occur in response to emergencies.