Cryptocurrency

A deeper look at all major banks on a bank run… Will You Get Your Money In A CRISIS? : CryptoCurrency

A deeper look at all major banks on a bank run… Will You Get Your Money In A CRISIS? : CryptoCurrency

native buddy get a r

Worked at a most sensible three world bank in a couple of retail branches, can ascertain.

They simplest ship the BARE minimal sum of money to each and every retail banking location. Even the busiest places within the busiest areas, they are very strict and supervisor have to reserve money/coin each and every week.

So if a bunch of folks got here and wiped them out of money, they would need to emergency order extra and that is the reason now not a just right look to the department’s metrics. Probably prices an additional fee from Brinks or one thing.

So imo 2 folks can run-on a bank. Fdic my ass.

Now, greater than ever, is the perfect time for folks to run on banks. Honestly, a few hundred folks may almost definitely wipe out towns of a couple of banks at a time if they’d the money and coordinated correctly.

Oh, and FDIC doesn’t suggest you can get the money from your account, it protects your deposits for those who get hacked or defrauded greater than the rest.

You’ll finally end up getting hit by way of the department withdrawal coverage and it would possibly not also be thought to be a topic from the bank’s viewpoint. “That’s not a normal amount of money for our customers to withdrawal.” would almost definitely be the executive’s reaction.

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