When you can't electronically transfer funds to payroll ...

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

An ob/gyn doctor just had this experience at a large bank here in Alaska: he tried to transfer funds to pay his employees, first by Internet, and then by telephone; called the bank, was told he could not, and that it was "because of Y2K". He asked, "why are you sending me all these brochures on how compliant you are?" [no answer]. For the employees to be paid, the funds must be transferred face-to-face, by hand, writing a check from one account to the other, in front of a teller.

I offered my solar-powered calculator for assistance, but now we are running out of light... ;)

-- Nelson Isada (isada@alaska.net), December 06, 1999


Thanks for the post, Dr. Isada.

So, the banks, #1 industry, KEEP YOUR MONEY THERE !!!!! , are having Y2K problems, eh? A little early even. Oh this augurs well ...

-- Ashton & Leska in Cascadia (allaha@earthlink.net), December 06, 1999.

IME, bank staff are always the last to know, and they'd be committing professional suicide to admit it, even if they were being told internally.

-- Colin MacDonald (roborogerborg@yahoo.com), December 07, 1999.

Any tips for us majority out here who live hand-to-mouth? Should I get an account at the same bank as our company payroll? I told them 6 months ago to set up w/3 banks enough of a nest-egg to do payroll, but "NoooooOOOOO!" (Back then I'd read 2 in 3 banks would fail). And no way would they have cash, no security and our job is to treat crazy people, some of whom are staff apparently.

-- Hokie (nn@va.com), December 07, 1999.

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