BUSINESS

Bank Of America Warns Customers To Keep 'Cash On Hand' For Winter Storm Nemo

Traffic moved slowly as the road surface of South Michigan near Vermont was snow-covered in Saginaw Friday morning, Feb. 8, 2
Traffic moved slowly as the road surface of South Michigan near Vermont was snow-covered in Saginaw Friday morning, Feb. 8, 2013 in Saginaw, Mich. All area schools were closed after a winter storm dumped more than six inches of powdery snow on Saginaw overnight. Areas north of the city received closer to a foot of new powder. (AP Photo/The Saginaw News, Jeff Schrier)

Bank of America advised customers on Twitter Thursday night to go to the ATM and get cash to prepare for winter storm Nemo.

Not everyone was convinced.

Bank of America confirmed that no, they were not joking:

If winter storm Nemo causes power outages, cash theoretically could come in handy, since many retailers' credit card machines rely on electricity to function. Hurricane Sandy, which hit the Northeast in October, caused widespread power outages in New York and New Jersey.

Forecasters estimate that winter storm Nemo will last until Saturday and dump up to 3 feet of snow in Boston and 1 foot of snow in New York City, according to the Associated Press.

HuffPost

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