What is a bank holiday?

Question

What is a bank holiday?

Answer 1

its when the banks have a day off

Answer 2

It means it is a holiday when the banks are closed, so traders can't do any business. This was how it was years ago when the term "Bank" holiday came about, and it has stuck ever since.

Answer 3

a break from jobs and schools

Answer 4

"Bank holiday" is the term used in the UK and Ireland for what an American would call a "statutory holiday".

The bank holiday was originally a day when the Bank of England was closed. Other banks followed suit. Businesses who couldn't remain open when the banks were closed also shut down, as did businesses which depended on those businesses, and so on and so on.

Answer 5

A break from many jobs and generally from schools.