How is it possible to say there is no money in the bank

[Yukyzu]

Yes banks do not hold any money they take customer money and lend it to other customers. the bank only gives us a pure number of rupees. Bank runs on customer money if customers start withdrawing their money from the bank together then no matter how strong the bank is, the bank is bound to go bankrupt. so it must be said that the bank has no money. But we live in such a society where we all trust the bank so much that we are happy with the digits given by the bank so the bank can run their own business with our money.

It is true that banks do not keep the cash that customers keep with them and the bank uses the money to lend to those who need loans and I agree with what you say if the bank only gives the numbers recorded in the savings book that we have but if the customer save their money at a bank, want to withdraw all the savings they have, of course the bank will provide conditions that we have to fulfill in order to be able to withdraw it and if you want to withdraw a large amount, of course it requires a long process, for some people who still trust the bank, of course They will continue to save their money in the bank and will not get any profit and the bank is more profitable. If we want to run a business with the capital we already have, of course that is very good, but we have to really understand the business well.

[dezoel]

It seems like you don't understand the banking system so you say things like this without thinking that the bank always turns its money into other things through the customer money they have and when there are customers who withdraw large amounts of cash. The bank will definitely have difficulty in serving it for a full day because they have to take money from other places to cover it so everyone should think a little logically that the bank could go bankrupt if all their customers withdraw all the money they have saved in the same time The same.

If you don't believe what I'm saying, you can do your own research into what banks do with their customers' money. And I'm sure you will find the answer quite surprising because the bank also really wants to make a profit from the customer's money that they hold so I'm not surprised that when there are customers who withdraw large amounts of cash, the bank has a little difficulty in fulfilling it. Even though this can be handled, in that one day, it will definitely be a bit of a hassle to prepare the cash.

If he comes back to read this, he will now know it. Let's also hope that others will read this or do their research first about the banks so that they will know what to expect.

By there, it will now be up to them to take risks and consider the hassle in exchange for the safety of their money and earning some interest out of it or they will just keep it and invest on their own instead. Safety can still be attained if they will be very careful, vigilant and always does their research. I also prefer this because it gives me more freedom and profit, much more if I will convert my money into Bitcoin because it is decentralized and has a very limited supply.