Are banks open on Veterans Day? Will the mail be delivered today? Here's what's open and closed.

Veterans Day, which commemorates Americans who have served in the military, is observed each year on November 11, with the holiday falling on a Monday this year. This could raise questions about which businesses and services, from banks to USPS mail delivery, may be open or closed today.

Veterans Day was first declared by President Woodrow Wilson in 1919 to mark the end of World War I. According to the U.S. Department of Veterans Affairs, Congress officially recognized it as a federal holiday in 1926.

Since this day celebrates military service, many stores and retailers offer discounts to veterans, such as the Bob Evans restaurant chain offering a free dinner to veterans and active military personnel and Starbucks offering veterans and military personnel a free coffee on November 11th to offer members and military spouses.

Here's what to expect for Veterans Day this year.

Is Veterans Day a federal holiday?

Yes, Veterans Day is one of the country's 11 federal holidays celebrated every year from New Year's Day on January 1st to Christmas Day on December 25th.

Are banks open on Veterans Day?

Generally, banks are closed on Veterans Day because November 11th is a federal holiday that the Federal Reserve also observes.

Bank of America, Citi, JPMorgan Chase, Wells Fargo and other major banks will be closed Monday for Veterans Day, but ATMs will remain open.

Will mail be delivered by USPS on Veterans Day?

No. In honor of Veterans Day, U.S. Postal Service retail locations will be closed and no residential or business mail will be delivered. According to the USPS, the post office box service will also be closed on Monday.

Is the stock market open on Veterans Day?

Yes, the stock market will be open on Veterans Day, as this holiday is not celebrated on the New York Stock Exchange or Nasdaq. The next holiday on which the stock market will be closed is Thanksgiving Day, which falls on November 28th this year.

However, according to the Securities Industry and Financial Markets Association, the bond industry's trade group, the bond market will be closed Nov. 11 for Veterans Day.

Is Costco open on Veterans Day?

Yes, Costco will be open on November 11th because Veterans Day is not one of the seven holidays when all warehouses close each year. The retailer's next holiday closure falls on Thanksgiving.

Are stores open on Veterans Day?

Yes, retailers are generally open on Veterans Day, with most stores open during regular business hours. However, it is always a good idea to check your local retailer's opening times in advance.

Veterans Day deals at retailers, grocery stores and restaurants

As mentioned above, many stores and restaurants offer discounts and specials for veterans and active military on Veterans Day. Companies typically require military members to show their military ID to receive the discount.

Here are some discounts and freebies that will be available on Monday.

• Bob Evans: A free dinner for US veterans and active military
• Food Lion: 10% discount on groceries for active military and veterans
• Publix: 10% discount on groceries for veterans and active military personnel
• Sizzler: Free lunch for all active military or veterans until 4 p.m. at all locations except Utah, Idaho and Puerto Rico
• Starbucks: One free coffee on November 11th for veterans, military members and military spouses
• Target: 10% discount for military members, veterans and their families