Banks will be shutting down on January 20, Inauguration Day, because of the Martin Luther King Jr. Day holiday.

Will banks, post offices and shipping services be open on MLK Day? Here's what you need to know for Monday, Jan. 20.

Monday is Martin Luther King Jr. Day, and many workers will have the day off. Check what's open and closed for the federal holiday.

This Monday, January 20, is a federal holiday, commemorating the birthday of Martin Luther King Jr. The day will result in a number of closures. This year, the holiday falls on the same day as President-elect Donald Trump’s inauguration.

Martin Luther King Jr. Day is on Monday, Jan. 20, 2025. Since it's a federal holiday, some businesses and services may be closed. Here's what to know.

As the nation pauses to remember Dr. Martin Luther King, Jr. and his legacy to the United States, the stock markets in the country will close for the day. The New York Stock Exchange will close for a long weekend after normal trading hours on Friday,

The convergence of Martin Luther King Jr. Day and Trump's inauguration on January 20, 2025, will see closures of banks and stock markets and more. Joe Raedle/Getty Images/AFP (Photo by JOE RAEDLE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)

Bank of America, Capital One, Chase, Citibank and Wells Fargo will also be closed for MLK Day. Most local and Kansas City-based banks will also be closed on Monday, as well as other federal holidays.

Here are a list of events that honor civil rights icon Dr. Martin Luther King Jr., and his legacy, in and around Baltimore.

On the third Monday of the month, federal, state and local governments, institutions and various industries recognize Martin Luther King Jr. Day.

Martin Luther King Jr. Day on January 20 coincides with Trump’s inauguration. Government offices, postal services, and financial institutions will be closed, but retailers like Costco, Walmart, and Target will remain open.

Martin Luther King Jr. Day is a federally recognised holiday in the US, ensuring the closure of most government offices and nonessential services.