There is some wacky stuff going on with banking right now. My employer notified us that we had to resubmit all direct deposit info because they are changing systems. That was supposed to happen by the end of this month, but has now been delayed. I don’t know what’s going on, but I’m going to make sure I withdraw enough money to have cash on hand the next few months.
I would too. I have a local joint savings account, a checking account, a personal credit union savings and checking account/s, my P&G stock account, and Social Security. I’m retired. I worry about all of it, but everybody knows the government doesn’t pay its bills early so the early SS deposit worries me. LOL
I won’t use any of it until the 21st. That’s the day it was supposed to go in. My husband’s will be deposited next Wednesday so I’m anxious to see if his comes early too.
Wacky is being kind. Banks are itching to go paperless and everything they do now is related to that. One of my local banks has nailed shut the drive in window. done, gone. My other bank seems to have turned into a training facility. the people who work there only stay about 3 months then new, young people come in. Some of my customers want to pay online by email deposit but I tell them “just mail the check.” I don’t allow my banks to make my accounts available on line and I tell them that I have more bulldozers than they do. The number of commercial banks has dropped from about 12,000 or so in the 1970’s (Rukeyser used to talk about it) to something like 4,000 now. They won’t be happy until they get to 3.
Keeping cash handy has always been a good idea. Certainly don’t depend only on a card to buy groceries, etc.