For the past two years, DBF has been examining state banks and credit unions to make sure they are Y2K compliant. Federal officials have been doing the same exams of national financial institutions. Money kept in banks will be safer than the cash that some people are planning to hold at their homes. Taking money out of the bank presents unnecessary risk of theft, fire or accidental loss. We have tested Florida banks for Y2K compliance, and we know that customers will have ready access to cash when needed.
Bank accounts are safe.
We do not foresee a banking crisis in Florida on New Year's Day. DBF and the Attorney General's Office have also created a new website to help educate the public about financial fraud.