Know when Banks Close on Federal Holidays

Do you know the dates of federal holidays when banks are closed?

Storage auctions are “Cash Only” and with careful planning, you could have the upper hand as a buyer if you keep a stash of cash at home during federal holidays.

Think about this past holiday which was Memorial Day on Monday, May 27th. Did you withdraw cash out of your bank account before the weekend?

Storage auctions wait for no one.
You have cash, you’re in.
You don’t, you’re out.

A veteran auction hunter I know had the forethought to keep cash at home before Memorial Day Weekend. Guess what? He was ready for the 23 lockers up for auction held in his area on Monday, Memorial Day itself.

A trip to the ATM may get you up to $400 on any given day, depending on your bank’s policy. Maybe that’s enough to buy a cheap locker. But then there’s additional charges for cleaning deposit and sales tax.

Do you see how a last minute run to an ATM is not enough?

Here’s a list of federal holidays when banks are closed during the year:

• January – New Year’s Day (on the 1^st), Martin Luther King, Jr. (3^rd Monday of month)
• February – President’s Day (3^rd Monday of month)
• March
• April
• May – Memorial Day (last Monday of month)
• June
• July – Independence Day (on the 4^th)
• August
• September – Labor Day (1^st Monday of month)
• October – Columbus Day (2^nd Monday of month)
• November – Veteran’s Day (on the 11^th), Thanksgiving (4^th Thursday of month)
• December – Christmas (25^th of month)

If there’s not an auction on that specific holiday, there may be the day after. You do not want to miss the early morning storage auctions because you’re at your bank.

Plan ahead. Save up. Withdraw money from your bank account the day before or weekend before the federal holiday.

BOOM!

You may be one of the few smart auction hunters to have lots of cash on hand prepared to out bid competitors because you planned ahead.

Remember,

Storage auctions waits for no one.
You have cash, you’re in.
You don’t, you’re out.

Be sure to mark the federal holidays when banks are closed on your calendar.

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