Understanding the Bank Closures on Christmas Day
On December 25, or Christmas Day, most bank branches in Mexico will be closed. However, several banking services will still be operational, according to the Mexican Banking Association (ABM).
Which Banking Services Will Be Available?
Despite the closures, you can still access various banking services. These include:
- ATMs: Over 65,000 ATMs will be available for cash withdrawals and other transactions.
- Bank Correspondents: There are approximately 58,000 bank correspondents across the country that will remain open.
- Digital and Online Banking: These services will be fully operational 24/7, allowing you to manage your finances without interruption.
What If You Have a Payment Due on December 25?
The Transparency and Order Law for Financial Services stipulates that if a payment’s due date falls on a non-working day (like December 25), the payment can be made on the next working day without penalty.
Why Are Banks Closed on December 25?
According to the Mexican National Banking and Securities Commission (CNBV), December 25 is designated as a non-working day for the banking sector. This decision was published in the Federal Register on December 27, 2024, and it mandates that banks will not operate for the public on this day.
Alternative Options for Banking Needs
If you need to conduct a face-to-face transaction, some banks operating within commercial stores and supermarkets will maintain their regular business hours. These branches will remain open, allowing customers to carry out essential banking activities.
Key Questions and Answers
- Q: Will bank branches be open on December 25? A: No, most bank branches will be closed on December 25.
- Q: What banking services will still be available? A: ATMs, bank correspondents, and digital/online banking services will remain operational.
- Q: What happens if I have a payment due on December 25? A: According to the Transparency and Order Law for Financial Services, you can make the payment on the next working day.
- Q: Why are banks closed on December 25? A: The Mexican National Banking and Securities Commission (CNBV) has designated December 25 as a non-working day for the banking sector.
