Are banks Open During the Government shutdown? Here’s What Youโ Need to Know
WASHINGTON โ- As of today, October โ1,โ 2025, banks across the United States remain open despite the government shutdown โthat began at 12:01 a.m. ET. While โa lapse in federal funding impacts numerous government services, financial institutions are generallyโ considered essential and continue to operate. Though,customers seeking loans backed by government agencies may experience processing delays.
The government shutdown stems from a failure by lawmakers to reach a funding agreementโ before the October 1st deadline, with President Donald Trump and congressional Democrats โคtrading blame over health-care policy changes. despite the political impasse, the financial sector’s continued operation is crucial for maintaining economic stability.
How the Shutdown Could Affect Banking Services
While banks themselves are open, certain services reliant on government backing could beโ affected. The Department โof Veterans Affairs โค(VA) for VA loans, and the Small Business Management (SBA) forโข business loans may experience processing delays.
Essential services like ATMs, online banking platforms, โฃand mobile banking apps remain fully functional. โMail delivery, Social โคSecurity payments,โ and court operations are also โคcontinuing during the โคshutdown.
However, โคbroader โeconomic disruptions stemming from the shutdown could indirectly impact banking. For example, widespread โtravel delays and potential staffing shortages at airports – where air traffic controllers and TSA agents are deemed essential but might potentially be working without pay or choosingโ not to report due โto financial hardship – could affect โconsumer spending and economic activity. Similar disruptions occurred during the 2019 government shutdown,โข with TSA agentsโฃ absent for financial reasons.