Regulatory agencies such as the Federal Reserve and FDIC have given every bank in the country three separate on-site examinations. Independent experts consistently rank banks as No.1in Y2K preparedness. Recently, some banks have delayed technology purchases for internal systems.
Banks routinely back up all of their files and have tremendous expertise in contingency planning.
Federal regulation demands banks have detailed contingency plans. Data processing centers have back up power sources and back-up locations. For customers, banks provide many options for accessing information and cash - ATMs, branches, telephone banking, computer banking, checks, credit cards, debit carts, etc. If there should be a problem with one, resources will be increased for another until the problem is resolved. Many banks have large international offices and have demanded the same strict Y2K standards as here in the U.S. Global wire transfer services have all been tested.