Coast bankers say consumers should decline any offers to buy Y2K investment or cash-related protection. I don't know of any better protection of your money than the U.S. government. Lindsey said some BancorpSouth customers in Tupelo have received calls from people who claim to be selling a Y2K sticker for their MasterCard. We want people to know that there isn't a need for anything like that. Another con that has been reported along the Coast starts with a friendly telephone caller who wants people to provide their social security number and bank account information, Swetman said.
Banks have plenty of employees they can use to do test runs.
You wouldn't ask your customers to take any chances with their money. The Federal Reserve strongly urges people to leave their cash in their banks. First, you could lose any interest due on your account for that period. Second, you lose your FDIC insurance coverage. Third, because criminals know some people will be keeping cash at home, you could put yourself and family at risk.