Withdrawl Limitations Today???

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Over the past few months I've seen Sept 15th mentioned several times as "the" date banks were going to start limiting cash withdrawls. Well, today is the 15th and I'm curious to hear of peoples experiences today. If you have any info, please post here....

-TECH32-

-- TECH32 (TECH32@NOMAIL.COM), September 15, 1999

Answers

I cashed a $75 check today at US Bank and he gave me a fifty, a twenty and a five. I gave it all back and told him I wanted five tens and twenty five in ones. He really gave me a lot of static. I could not believe it! We'll see if it happens again. I have a business and charge $75 for my service and usually they give me 3 twenties and a ten and a five. But not today!

-- freddie (freddie@thefreeloader.com), September 15, 1999.

I'm a bank Compliance Officer - this date has never come up in my bank as significant for anything. As for the bills, I'm sorry you received static, you should have been asked how you would like the cash back. At least, that's how we do it at my bank. Thanks.

-- Diana (dstubblefield@ldd.net), September 15, 1999.

TECH 32.....WHERE did you see Sept 15th mentioned as the date for banks limiting withdrawals?? I've never seen it anywhere and I follow this group regularly.........

I don't even remember Andy coming up with something like that!!

The only September date of significance I remember is that we are all going to die from asteroid shrapnel that will rip us into little pieces on September 23rd.

-- Craig (craig@ccinet.ab.ca), September 15, 1999.


Diana: Do you like to mudwrestle?

-- King of Spain (madrid@aol.com), September 15, 1999.

Diana: Since you are a bank officer, I would like your comments on my banker's response to my question about incorrect data (due to y2k problems) in the banking system after January 1, 2000. Specifically, my banker said he felt his bank was essentially ready to be fully compliant in January. I then asked how his computer system would respond to non-compliant data being transmitter from other banks that are not compliant, to which he replied that incorrectly formatted dats could be blocked from entering his systems. I then asked what about data that is correctly date-formatted but is otherwise incorrect due to a software or hardware problem in an apparently compliant system that has hidden y2k problems. How can this data be blocked?

He said his bank could simply shut off all contact with questionable outside systems. I then pointed out that this policy if widely followed would destroy the banking system. At this point he looked very bleak and said that he did not have a good answer for me.

What do you think about these questions?

Cody

-- cody varian (cody@y2ksurvive.com), September 15, 1999.



Craig,

I don't have the links handy but I've seen the date mentioned up here more than a few times in banking threads.

-TECH32-

-- TECH32 (TECH32@NOMAIL.COM), September 15, 1999.


"The only September date of significance I remember is that we are all going to die from asteroid shrapnel that will rip us into little pieces on September 23rd."

Say what?

-- Mumsie (Shezdremn@aol.com), September 15, 1999.


Cody said:

>I then asked what about data that is correctly date-formatted but is otherwise incorrect due to a software or hardware problem in an apparently compliant system that has hidden y2k problems. How can this data be blocked?

Answering such questions is a fool's errand. He was trying to soothe a customer - when he found that this was a customer who would never be satisfied, he opted out - probably hoping you would close your accounts on the spot and never come back.

JZ

-- Jeff Zurschmeide (zursch@cyberhighway.net), September 15, 1999.


JZ: Considering how much money this bank makes from me each year, I seriously doubt the manager would like me to close my accounts. And I'm perfectly willing to be satisfied with an answer to my questions, which are completely calm and rational given the unprecedented circumstances of Y2K. All I want to know is whether the banks are likely to remain functional in 2000. Isn't this a practical question?

-- cody (cody@y2ksurvive.com), September 15, 1999.

Cody -- while they make make a goodly amount off of you, look at it from their point of view:
"This Cody is a 'troublemaker' -- asking too many questions -- not satisfied with our bolierplate line of crap -- it's good enough for 99% of our sheeple depositors -- if we tell him the truth, he might blow the whistle -- so let's just ignore him and maybe he'll shut up -- even if he does close his account, that's the price we'll have to pay to keep the apple cart upright."

Cash -- withdraw early and withdraw often.

-- A (A@AisA.com), September 15, 1999.



A,

Isn't that "structuring"?

You can be reported to the Feds for that.

-- Gypsy (GypsiGold@aol.com), September 15, 1999.


Mumsie,

Go to these sites for great info on September 23rd.

http://www.sightings.com/ufo4/quat.htm

http://www.millenngroup.com/repository.html

P.S. did you get my e-mail?

-- maggie (aaa@aaa.com), September 15, 1999.


Cody said >I then asked what about data that is correctly date-formatted but is otherwise incorrect due to a software or hardware problem in an apparently compliant system that has hidden y2k problems. How can this data be blocked? ...And I'm perfectly willing to be satisfied with an answer to my questions, which are completely calm and rational given the unprecedented circumstances of Y2K. All I want to know is whether the banks are likely to remain functional in 2000. Isn't this a practical question?

Whether the banks are likely to stay up is a reasonable question - however, the one you posed up there is a "have you stopped beating your wife?" question. If the errors are indeed hidden and unknown, they can't be blocked, by definition.

If you demand that level of preparedness, where an institution can spot and block unknown problems from otherwise compliant systems, well, I guess you should get your money out now, since no bank will ever be able to satisfy that demand. If the alternative to blocking is collapse, then they'll just have to find the errors when people complain and fix them as they happen until the faults in the otherwise compliant systems are found and fixed.

That's the true answer. Does it make you happy?

JZ

-- Jeff Zurschmeide (zursch@cyberhighway.net), September 16, 1999.


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