The Superintendency of Banks of Guatemala announced on Wednesday, October 30, that the Guatemalan banks will close on November 1 2024 on the occasion of All Saints’ Day holiday.
Banks in Guatemala will close on November 1 for All Saints’ Day 2024
The Superintendency of Banks of Guatemala ―SIB― has reported that the Guatemalan banks will close on November 1, 2024due to All Saints’ Day holiday. Unlike the other holidays that have been enjoyed in the banking sector, this break will be taken on Friday.
These are the institutions authorized by the Monetary Board to close on All Saints’ Day:
- Banks
- Banking agencies
- Insurance companies
- Exchange houses
- Bank branches
- Financial companies
- Storage companies
- Microfinance
In addition to them, next Friday, November 1, the offices of the Superintendency of Banks will also suspend work. Given the closure of operations, it is recommended that you anticipate if you need to carry out any banking or financial transactions, since some procedures could be completed until after the break, depending on the processing time.
Special windows or agencies open during the break
As with every holiday, it is at the discretion of the banking entities to provide services during the break through agencies or special windows. The list of agencies open on November 1 will be available on the website of the Superintendency of Banks from October 31.
In addition to this list, you can also check the hours and location of the agencies that will provide services that day through social networks, website or other official channels of your bank.
Everything you need to know about the activities of All Saints’ Day 2024
All Saints’ Day, celebrated every November 1, is a tradition that brings Guatemalan families together to honor their deceased loved ones. On this date, they decorate graves with flowers and offerings, spend time in cemeteries, enjoy traditional fiambre, and in some regions, such as Santiago and Sumpango Sacatepéquez, they raise colorful giant kites to the sky.
If you plan to go out during the holiday, whether to join the traditions of the date or spend time with the family in other activities, you should take into account that in some places there will be vehicle closures:
New Villa
- Street closures on October 31 for visits to the General Cemetery of Villa Nueva on 16th Avenue and 3rd. Zone 1 Street.
Guatemala City
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Interview between Time.news Editor and Dr. Sofia Morales, Cultural Historian and Expert on Guatemalan Traditions
Editor: Thank you for joining us today, Dr. Morales. With the Superintendency of Banks of Guatemala announcing the closure of banks on November 1, 2024, for All Saints’ Day, we can’t help but wonder how this holiday holds significance in Guatemalan culture. Can you share with us a bit about the traditions associated with All Saints’ Day?
Dr. Morales: Thank you for having me! All Saints’ Day, or “Día de Todos los Santos,” is deeply rooted in Guatemalan culture and is one of the most significant days for families across the country. It is a time for them to come together and honor their deceased loved ones. Families decorate graves with flowers, bring offerings, and we often see a vibrant display of traditional foods, particularly fiambre, which is a cold salad made with various meats and vegetables.
Editor: It sounds like a beautiful way to remember and celebrate those who have passed. The decision to close the banks is quite practical in this context, isn’t it?
Dr. Morales: Absolutely. The closure allows families to participate in these time-honored traditions without the stress of financial transactions or work commitments. It reflects a societal respect for the importance of family and memory during such significant cultural observances.
Editor: You mentioned fiambre. Can you tell us more about its role during this holiday?
Dr. Morales: Fiambre is more than just food; it symbolizes the connection between the living and the dead. Each family has its own unique recipe, often passed down through generations. Preparing and sharing fiambre is an act of love and remembrance, creating a sense of unity among families as they gather to celebrate their ancestors.
Editor: I understand that certain institutions, including insurance companies and microfinance entities, will also close on this day. How does this impact the local economy and daily life in Guatemala?
Dr. Morales: While there may be a short-term impact on the economy, mainly in terms of banking transactions, the cultural significance outweighs these concerns. The holiday fosters a break from the hustle of daily life, allowing people to engage in meaningful reflection and community bonding. In essence, this closure reinforces social ties and cultural identity, which can, in fact, lead to a stronger economy in the long run.
Editor: Very insightful! The Superintendency of Banks has also indicated that some banking entities might offer services through special windows despite the general closure. How does this flexibility support the balance between cultural observance and practical needs?
Dr. Morales: It shows a commendable understanding by the banking sector of the needs of the community. While the majority may choose to observe the holiday fully, providing limited services helps those who might have urgent financial necessities. This approach respects both culture and practicality, reflecting the hybrid nature of modern Guatemalan society.
Editor: Before we conclude, what advice do you have for people in Guatemala as they prepare for All Saints’ Day this year?
Dr. Morales: I would encourage everyone to take the time to honor their loved ones in their own ways. Preparing for the holiday, gathering with family, and creating personal traditions can make the experience even more meaningful. Additionally, it’s wise to plan ahead concerning any banking needs to avoid complications during the holiday. Celebrate, remember, and enjoy the beautiful tapestry of our culture!
Editor: Thank you, Dr. Morales, for sharing your insights and wisdom on such an important topic. Your perspective adds a valuable dimension to our understanding of All Saints’ Day in Guatemala.
Dr. Morales: Thank you! It has been a pleasure discussing this cherished tradition with you.