Went to get cash todaygreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I tried to withdraw cash from my credit union today. They didn't want to give me the money. Said they were low on cash. I could basically order my withdrawal and pick it up in three days. Or get a cashier's check.
Went to another branch to withdraw from a different account. Same story.
So I went to Walmart and purchased supplies using their credit card.
-- 007 (firstname.lastname@example.org), December 21, 1999
You are lying. Do you really believe you can start a bank run by posting that crap?
-- for real (email@example.com), December 21, 1999.
Thank you for your response. I am so glad we have an eye witness account to clear this up! Were you next in line? Did you hear the whole conversation?
You were not there? You are making an assumption? You have no evidence?
Let me get this straight. If 007 makes a statement without documented proof, we know he is lying? If you make your statement without proof, is it not character assassination?
The only way there would be any evidence in addition to the first hand testimony that we have received of this event would be if the bank gave him a document stating that they would not complete the transaction. Do you honestly think that they would give one if the facts are as 007 has stated?
Is he telling the truth? I honestly have no idea. But to simply scream liar is rather infantile at best.
-- tree (firstname.lastname@example.org), December 21, 1999.
Credit Unions don't have as much cash. I had the same problem over a year and one half ago. They will give it to you if you order it, they have to get it from somewhere else. (bank?)
-- Gregg (email@example.com), December 21, 1999.
ALL CREDIC UNIONS AT THIS TIME OF YEAR RUN LOW ON CASH ... CHRISTMAS... BUT MINE DIDN'T!
-- RAYMOND KRATOFIL (RKRATO2862@PHONL.COM), December 21, 1999.
Only an utter fool would think that 007 is trying to start a bank run by posting a message on this forum. In the first place, why would anyone want to start a bank run and in the second place, what possible effect on the banking industry would a post on this forum have?
-- cody (firstname.lastname@example.org), December 21, 1999.
I call my bank on Monday 12/20 and ordered $220K in cash and they said no problem, come Thursday and pick it up.
-- I'am done (Iam@here.com), December 21, 1999.
-- Clyde (email@example.com), December 21, 1999.
For large amounts, you have to order your money ahead of time, and you may have to wait for as long as a week before the next delivery comes. I think most people aren't aware of this. I also believe that the government and the financial industry were counting on this fact to prevent massive bank runs during the last half of December.
If you place an order now, you may still have enough time to get your money out. For many people who try to make their withdrawals during the last week of the year, I think it will be too late - they'll just have to cross their fingers and hope for the best come Jan. 3rd.
-- Clyde (firstname.lastname@example.org), December 21, 1999.
Cash? Look again at your "dollars". Plain printing for all to see...."FEDRERAL RESERVE NOTE". Not DOLLARS. NOTE... Funny money.
-- Willie (Wonka@thechocolatefactory.com), December 21, 1999.
Slow, daily ATM withdrawals of your maximum is a better plan for withdrawal than large, attention-getting withdrawals. Added benefit is the amounts are in 20's, rather than $100 bills. Time is running short, however, and most daily limits are only about $800.
During the holiday season, it isn't all that unusual for people to withdraw more money, but bankers will get a little suspicious for large, cash withdrawals; they've been alerted to keep their eyes open for trends concerning Y2K withdrawals.
-- Sara Nealy (email@example.com), December 21, 1999.
I have no reason to lie. I just stated what happened to me. It seems that my lowly credit union, with 5 branches, is limiting the cash that we are allowed to withdraw each day. I will deal with it.
For heavens sake, I'm not trying to start a run on anything. Just a note that maybe I have waited too late to get my cash out.
BTW, I understand all that Federal Bank note stuff too. I trust the barter system more at this point. If the banks fail, the "cash" will make great tp.
-- 007 (firstname.lastname@example.org), December 21, 1999.
Trying to start a bank run by posting on this forum? LOL, I don't think so! That would be preaching to the choir. Withdraw early and withdraw often...
-- (RUOK@yesiam.com), December 21, 1999.
One of my clients is a small credit union. Their IT manager was in several months ago as we were going over a list of printers for a new branch office they were opening. He and I are on friendly terms, and started talking about Y2K, and I joked about the shortage of armed trucks to deliver cash that was being run on several news media at the time.
He said the problem for them wasn't getting enough cash delivered, it was where the heck to put it once they got it. They had calculated from surveys they had taken of their customers that they would need an extra $2.5 Million in cash to meet the withdrawals. His comment was "our vault isn't big enough for that kind of extra cash". Said they were still scratching their heads and hadn't come up with a plan other than for some of the senior bank officials to store some at their homes, which naturally they figured as a bit too risky...
If your Credit Union or Bank is small, or a small branch, they may have storage problems as well... if you waited this long to pull large sums out of the bank, you may have to wait a few days.
-- C (email@example.com), December 21, 1999.