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When Are Banks Open in Canada?

Banks of the same institution may be open at different hours around the world. In most cases, however, banks operate during traditional working hours regardless of where in the world they are located.

Whether you are looking to send money to Canada from outside of Canada, or simply want to know when banks are open here, we have the answer.

When do Banks typically Open in Canada?

Typical banking hours are similar to that of the average workday. Most banks open around 9:00 or 10:00 a.m. and close around 4:00 or 5:00 PM.

The actual time will differ depending on the institution and its location. Some banks open earlier and stay open later, while others open later and close earlier.

Some banks will also stay open longer on Fridays, usually until 6:00 pm. Most banks are closed on Saturdays and Sundays, though some will open for limited hours on Saturdays.

It’s best to check with your individual banking institution to find out their hours, as they may have their own hours in place. 

Are Banks Open on Holidays?

The majority of banks are closed on all National Holidays in Canada. This includes:

  • New Years Day (January 1)
  • Family Day (Feb 15)
  • Good Friday (April 2) 
  • Victoria Day (May 24)
  • Canada Day (July 1)
  • Civic Holiday (August 2)
  • Labour Day (Sept 6) 
  • Thanksgiving Day (October 11)
  • Remembrance Day (November 11)
  • Christmas Day (December 25)
  • Boxing Day (December 26)

Of course, this will again vary depending on your branch. Be sure to check with your individual institution to learn their holiday hours. 

Here are some links to popular banks in Canada for you to check their hours:

RBC Bank: www.rbc.com

CIBC Bank: www.cibc.com

TD Canada Trust: www.td.com

Bank of Montreal: www.BMO.com

How Can I do Banking on Days When Banks are Closed?

If you need to do banking during hours when Canadian banks are not open, all hope is not lost. Most banks have options that are available 24/7 including:

  1. Online Banking

If you have access to a laptop or cell phone, you can do the majority of your banking online. Just set up your account and you will have access to dozens of different online options.

Online banking allows you to check your balance, pay your bills, view your statements, set up or cancel direct deposits, and even deposit cheques.

You can get started with the beginners guide to online banking if you are a beginner.

  1. ATM machines

Almost all banking institutions in Canada allow for 24-hour access to ATM machines at their branch. Most also offer drive-thru ATMs. ATM machines allow you to check your account balance, print account statements, and deposit or draw out cash. 

Many banking institutions also have ATMs that they place within convenience stores throughout Canada. However, these ATMs are limited to cash withdrawals. 

Again, always be sure to check with your individual financial institution regarding their hours and their options for after-hours banking. Some banking hours may also be affected by Covid-19 pandemic safety measures.

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