October Bank Holiday – October 28, 2024

History
Timeline
FAQs
Importance
Celebrate

The October Bank Holiday, which is usually observed on the last Monday of October, is celebrated on October 28 this year. People enjoy bank holidays since it is a public holiday that provides them with a long weekend to unwind or take part in one of the many ongoing events. It has been observed since 1977 and is a great time for individuals to spend with their families. It is usually commemorated closely around Halloween. With only a few businesses open and the banks closed, people look forward to events like the Dublin Marathon and Halloween celebrations, and it’s a terrific time to celebrate as a worker.

History of October Bank Holiday

Following Ireland’s admission to the European Economic Community in 1973, the country’s number of public holidays was lower than the number specified for workers by the European Economic Community. Mr. Michael O’Leary, the Minister of Labor was responding to a request to bring Ireland more in line with the number of annual public holidays provided to workers in the European Economic Community (E.E.C., later known as the E.U.), which Ireland joined in 1973.

The first celebration of the holiday took place in 1977. There were no specific reasons for choosing the last Monday in October as the date for its celebration. However, because schools in Ireland typically have their half-term school vacation towards the end of October and the beginning of November, the government felt that the time would be excellent for the holiday to be included in the week-long break.

Another reason was that there were no holidays between the summer and winter seasons in Ireland, so establishing one in October would help to bridge the large gap between the two. With the introduction of the October Bank Holiday, Ireland gained the first and only holiday in the autumn season. Since then, the Irish have honored the October Bank Holiday, as well as the associated customs and traditions.

October Bank Holiday timeline

1871

Introduction Of the Bank Holiday Act

Because of the act, banks in the United Kingdom and Ireland are required to remain closed on the first Monday of August.

1933

First Bank Holiday

Franklin D. Roosevelt declares a bank holiday on March 6, effectively shutting down the banking system.

1973

Ireland Joins The European Economic Community

Ireland gains admission into the European Economic Community.

1977

First October Bank Holiday

The celebration of the first October Bank Holiday is held.

October Bank Holiday FAQs

Why is it called a bank holiday?

Bank holidays refer to all public holidays in the United Kingdom, but as a general rule, banking institutions are closed during these periods.

How many banks are in Ireland?

There are a total of 64 banks in Ireland.

How many bank holidays are there in Ireland?

There are 10 bank holidays in Ireland, which include New Year’s Day, St. Patrick’s Day, Day of Remembrance and Recognition, Easter Monday, Early May Bank Holiday, June Bank Holiday, August Bank Holiday, October Bank Holiday, Christmas Day, and St. Stephen’s Day.

October Bank Holiday Activities

Attend the Dublin Marathon
The marathon, which is usually held the day before the October Bank Holiday, attracts international runners. Purchase your ticket as soon as possible because the marathon can sell out months in advance.
Take part in Halloween activities
It is not uncommon for people to take part in Halloween-related events, especially if they coincide with the celebration. As a result, if the October Bank Holiday falls on October 31, Halloween-themed events will be featured. Adults and children alike can be seen dressed up for the occasion, besides trick-or-treating.
Make time for travel
Many Irish people take advantage of the opportunity to travel throughout the country or overseas. If you do decide to go, make all necessary arrangements ahead of time because other people will want to travel as well.

5 Facts About Banking In Ireland

The Ireland banking system
There are several similarities between the Irish and United Kingdom banking systems.
The Central Bank of Ireland
Traditional central banking responsibilities, such as financial regulation, fall within the purview of the Central Bank of Ireland.
The New Central Bank of Ireland
The Central Bank, the Financial Services Authority of Ireland, and the Financial Regulator were merged into a new Central Bank of Ireland structure in 2010.
Retail banks
A wide range of banking services, including current accounts and mortgages, are offered by retail banks.
The oldest bank
The oldest bank is the Bank of Ireland, which was established by the Bank of Ireland Act, passed by the Parliament of Ireland in 1871.

Why We Love October Bank Holiday

It is linked to other holidays
The October long weekend has been unofficially tied to the themes of various events. The secular Halloween event, which takes place every year on October 31 and sometimes coincides with the bank holiday, combines parts of Samhain, All Saints’ Day, and All Souls Day as well.
It is a time to rest
Most businesses and banks are closed during this time. It is a time when most workers may relax and enjoy the events that follow the October bank holiday.
There is a bridge between summer and winter holidays
The October Bank Holiday bridges the gap between summer and winter vacations for people. We may spend time with our families, laughing with them and making new memories.