Veterans Day is an official United States holiday observed on November 11th every year. While Memorial Day remembers those who have died while serving in any of the branches of the U.S. Armed Forces -- Army, Navy, Marines, and Coast Guard, Veterans Day honors all members of the armed forces, especially the living. As a U.S. federal holiday, government offices and schools are closed, and most people have the day off from work. Banks are also closed. If November 11th falls on a Sunday, then the holiday is observed on the following Monday.