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

[AprilioMP]

If you think about it, the system for saving money in the bank is too complicated even though the money we save in the bank is guaranteed. But because the process when I want to make a withdrawal is too complicated, I dare to conclude that there is no freedom to save money in the bank. Our money but not ours. We must completely prove all the data when we want to retrieve it.

Bank are too bad when it comes to privacy - so if you care about financial privacy, then you shouldn't consider banks as the best place to store your money. It's a good idea to invest in gold or anything that you can cash out at any time with your own rules - so you won't completely rely on the bank providing you with money whenever you want.

Thank You. Useful message for me.
Financial privacy is a necessity for me to care about.
I wouldn't say banks are too bad in terms of privacy because there are still many out there who think that saving money in banks is safe and comfortable.
I also care about an uncomplicated system of financial freedom without having a lot of rules

For others, we leave it up to them to care about financial privacy, although secretly I want them to care about it too.
Choosing to invest in gold instead of making deposits is an alternative for free space that we can exchange without having to wait and complete many administrative requirements.

Bank will always be involved in most cases - even cryptocurrency users will still have to use bank services to withdraw their fiat from trading platforms. Banks have strict rules and even you have to tell them the reason why you are withdrawing large amounts of money and where you got it from. This is of course never good - I don't want it to be like that.

That's right. In my area, some users who are active in crypto trading have to attach proof of transactions for the last three months which is requested by the local trading platform to be able to make withdrawals to fiat even though the trading platform user has completed KYC.
In short, the trading platform implemented it because in my opinion they had to comply with government regulations although I can't confirm that's their reason.

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[oktana]

Basically, banks only manage money deposited by customers with a written agreement. Automatically, when a customer needs it for a purpose, it must be provided and you cannot say no, even if the customer wants their money withdrawn in large amounts and requires a series of requirements to be completed.

If you think about it, the system for saving money in the bank is too complicated even though the money we save in the bank is guaranteed. But because the process when I want to make a withdrawal is too complicated, I dare to conclude that there is no freedom to save money in the bank. Our money but not ours. We must completely prove all the data when we want to retrieve it.

I really agree with what you say, banks only manage money saved by customers and when there are other customers who want to apply for a loan at the bank they will give them money that other customers have saved at that bank and if customers who save money they want to make a withdrawal must prepare files that comply with the requirements provided by the bank.

For some people who understand this, of course they will not save large amounts of their money in the bank, but they will use the money they have for various businesses or real assets and this will also be more profitable for them.

For someone like me, I can’t save large amount of money in the bank (if I had large amount ). Because I already know how the bank operates and it’s impossible to unlearn it for me. So if I were to deposit a large amount, I’ll feel like I’m just giving out my money for nothing. Because the interest is almost nothing. So, maybe I’d rather hold it in crypto, and deposit a smaller amount in the bank. Or even use the money to open a business because it will give better returns than the bank.

[Cookdata]

Banks are run through deposit and withdraw, when net withdraws is greater than deposit, they have to restrict customers because the banks doesn't have money on their own, most of the liquidity is from customers deposit which they lend out to companies to make more interests. You can't ask for more than what they have and they can't go to the central bank to ask for what they are using as insurance as some countries does in their policy, if the bank don't do this, they might close down one day.

Another reason why banks do this is because of Government, the government can play the books of restrictions to conserve the people, the market and economy. They might do this more various reasons but that's major reasons I think they do. The idea of banks not having money on their reserve is impossible, the bank can never go broke except for the ones that have trespassed and go beyond principles of banking.

[JariKriting]

The reason why depositors' funds in the bank are lent again to borrowers is that the bank's statement of employees does not include such funds. For example, if you have a lot of money in your bank and want to withdraw it all, the bank will require some time before it can be withdrawn. This is because the funds are not immediately available at the branch where you deposit your money.

[yohananaomi]

The reason why depositors' funds in the bank are lent again to borrowers is that the bank's statement of employees does not include such funds. For example, if you have a lot of money in your bank and want to withdraw it all, the bank will require some time before it can be withdrawn. This is because the funds are not immediately available at the branch where you deposit your money.

However, banks must have income to be able to carry out their activities; if there is no income, then the bank will not be able to pay employees and interest for each of its customers. So indeed, the bank must circulate the finances collected from each customer in order to obtain funds so that everything the bank will do can be carried out well. So there is no problem using funds stored by customers to make a profit.There are many banks whose activities are in remote areas where the possibility of storage space is limited, so it is natural that they cannot provide sudden withdrawals of large funds. They must be prepared in advance for this service.Currently, it's not a problem because you can move to a large branch to be able to make the withdrawal. You also have to remember that now all banks are usually connected, so there won't be any more difficulties.

[AprilioMP]

✂️

I really agree with what you say, banks only manage money saved by customers and when there are other customers who want to apply for a loan at the bank they will give them money that other customers have saved at that bank and if customers who save money they want to make a withdrawal must prepare files that comply with the requirements provided by the bank.

For some people who understand this, of course they will not save large amounts of their money in the bank, but they will use the money they have for various businesses or real assets and this will also be more profitable for them.

Of course, I don't really know how banks manage customer money. But because we like to read and are often in social environments, information about banks in managing customer money is too complicated, even though it is not their money but the customer's.

From many cases that have been experienced by people who have deposits in banks, banks are not a cooperative place to store large amounts of money.
It seems that there is some truth in saving money in the bank, it doesn't need to be in large amounts or only for necessities that can be withdrawn via an ATM machine.

For large amounts, invest in a more real type so that one day you need it you can disburse it without having to go through a complicated process.

[SmartCharpa]

In this recent economy we have witnessed some hardships financially and many other aspects now coming to say there is no money in the bank how possible is that can you imagine saying the river has no water? We are in the new year now huge sum of money have been signed by the government for projects but in a very short time they suddenly come out to say the country is running out of funds the country needs to borrow money from other countries the money signed in your own country where are they what is the duty of the bank in your country imagine a bank giving you the maximum amount you as a the account owner can withdraw from your own account sometimes I just feel like the bank isn't a safe place any more.
Come to think of it what if someone has a very serious score to settle for example someone who has health issue and needs money urgently then you go to the bank and they tell you there is no money in the bank for now so where does the bank want people to save their money if the bank at some times can be this disappointing should we go back to the system as at the old days where you bury your money or put them in your ceiling for safety please it's no joke anymore banks should try to be reliable as to gain trust from customers because many people are not comfortable with this system

Every situation that arises, we have to deal with it. In my country, last year at this time, everything had become very difficult for everyone; there was no cash in the bank. However, at this time, but presently we are not facing the problem again. I was wondering how it could be that there was no cash in the bank when people kept coming in and depositing their money, what did they do with all that cash? So we should not be putting all of our money in the bank because of these cashless challenges.

When someone has a medical emergency and needs money immediately to be treated or prescribed, that shouldn't be a big deal and should be handled very easily. I'm not sure about your country, but since we have experienced cashless challenges, in my country, even small business owners are accepting transfers because they have to sell their products. In my opinion, even when someone have health emergency and doesn't have the cash on hand to pay for their bills, the hospitals also accepting transfers. You can use transfers to pay for anything you need at that moment, because of this, a lot of people are used to transferring even when the issue does not arise again. 

[Unbunplease]

In fact, the bank's capital consists mainly of borrowed funds provided by depositors. If the bank is unsuccessful in managing the funds, it becomes unable to pay out real cash. This is when the collapse and failure of the bank occurs

[Mame89]

The reason why depositors' funds in the bank are lent again to borrowers is that the bank's statement of employees does not include such funds. For example, if you have a lot of money in your bank and want to withdraw it all, the bank will require some time before it can be withdrawn. This is because the funds are not immediately available at the branch where you deposit your money.

Yes, exactly. If we save large amounts of money in the bank when withdrawing it will definitely take time and it is often postponed if we withdraw it at a bank branch because they don't have enough money for a large withdrawal. but when we save money with large funds the process is very fast. It's true, as said, the money saved in the bank will be used again by the borrower so the money in our ATM is just numbers, but when making a withdrawal of a large amount the money is not immediately available.

Recently I have also been thinking about which bank can be trusted 100% to store our money which has a large value. If you keep it privately, especially if the amount is that large, there is also a feeling of insecurity, but if you keep it in a bank your credibility is not guaranteed. Cases like this happen very often. So I came to the conclusion that investing in bitcoin is a wise choice rather than saving money in the bank.

[darkangel11]

If people start putting their money in their houses as well, robbery will increase and you’d be scared that someone could come one day and take it all considering you don’t have the security these banks have.

Basic security systems can work wonders here, but most people don't even have a single camera, or a safe at home. You can protect your money better than a bank, but you have to invest some of it in security. If people weren't so greedy they wouldn't fall victim to thefts and robberies so much.

Basic security? Will you keep millions of dollars in your house and use Basic security to guard it? It’s not easy to secure your money like the bank secures the money. The bank secures it so much that people have to rob the bank when it’s working hours because access is impossible after that, and even if it was, they won’t even be able to access the main vault. Also, another advantage of using the bank in this case is that if anything were to happen to the money, they will take responsibility. Once you successfully deposit your money, it’s in their hands. Adding to that, if you deposit your money in the bank, you wouldn’t need to spend some of the money in security.

Yes, of course I will. We're talking about millions in bitcoin here, which is really easy to hide and protect. If I had to hold millions in cash at home, it would be very hard, especially since paper is prone to damage. Bitcoin is not. For instance, I have a large property in a place where it's impossible for it to get flooded and we don't get earthquakes here. The only 2 things I could be worried about are fire and robbery. Fire can be stopped with ease. You just need an empty room with no furniture and put it in there. Maybe get a fireproof safe and you're all set. I've held my money at home for decades and never faced any problems. I trust myself more than I trust a bank.

[oktana]

If people start putting their money in their houses as well, robbery will increase and you’d be scared that someone could come one day and take it all considering you don’t have the security these banks have.

Basic security systems can work wonders here, but most people don't even have a single camera, or a safe at home. You can protect your money better than a bank, but you have to invest some of it in security. If people weren't so greedy they wouldn't fall victim to thefts and robberies so much.

Basic security? Will you keep millions of dollars in your house and use Basic security to guard it? It’s not easy to secure your money like the bank secures the money. The bank secures it so much that people have to rob the bank when it’s working hours because access is impossible after that, and even if it was, they won’t even be able to access the main vault. Also, another advantage of using the bank in this case is that if anything were to happen to the money, they will take responsibility. Once you successfully deposit your money, it’s in their hands. Adding to that, if you deposit your money in the bank, you wouldn’t need to spend some of the money in security.

Yes, of course I will. We're talking about millions in bitcoin here, which is really easy to hide and protect. If I had to hold millions in cash at home, it would be very hard, especially since paper is prone to damage. Bitcoin is not. For instance, I have a large property in a place where it's impossible for it to get flooded and we don't get earthquakes here. The only 2 things I could be worried about are fire and robbery. Fire can be stopped with ease. You just need an empty room with no furniture and put it in there. Maybe get a fireproof safe and you're all set. I've held my money at home for decades and never faced any problems. I trust myself more than I trust a bank.

I’m not asking you to trust the bank but I’m letting you understand that the procedures that the bank takes to protect your money aren’t easy to achieve. You may use that minimum security but what if a group of smart thieves get the information that you have a huge amount of money at home? You even spoke about the fact that money is paper. You also already know it can have issues like other papers. You think it’s easy to put off fire burning on paper? There are other things to consider too, but notice how you will have to be aware and cautious of each and all of these whereas with the bank, one you deposit, you’re okay to go.

[JeffBrad12]

In fact, the bank's capital consists mainly of borrowed funds provided by depositors. If the bank is unsuccessful in managing the funds, it becomes unable to pay out real cash. This is when the collapse and failure of the bank occurs

I think the risk management in some banks are awesome enough that it could contain any risk of failure, even more so with their rather large interest for borrower that might keep their cash flow healthy, also they always keep some portion in case there's bank rush.
but then again there has been many cases where many banks are collapsing so its not truly a rare occurrence that bank didn't collapse but rather it also depends on how the bank system is implemented.
but as long as there's guarantee from the government that if a bank collapse we will get reimbursement I think its still safe enough to deposit money in bank either for saving or for investment.

[Baki202]

The reason why depositors' funds in the bank are lent again to borrowers is that the bank's statement of employees does not include such funds. For example, if you have a lot of money in your bank and want to withdraw it all, the bank will require some time before it can be withdrawn. This is because the funds are not immediately available at the branch where you deposit your money.

And banks are really making money from the way they are running their system and the bank will always do what will favour them because every loan given out their is interest coming with it. Because they even more money to sustain their system. Their is always procedures before you can withdraw your money and i think does that operates fixed accounts are the once that are always used to give out loan for people i doubt if they will give out loans from normal peoples accounts since they will always need their money. And did not even know that a different branch are in charge of the deposit and the withdraw of funds.

However, banks must have income to be able to carry out their activities; if there is no income, then the bank will not be able to pay employees and interest for each of its customers. So indeed, the bank must circulate the finances collected from each customer in order to obtain funds so that everything the bank will do can be carried out well. So there is no problem using funds stored by customers to make a profit.There are many banks whose activities are in remote areas where the possibility of storage space is limited, so it is natural that they cannot provide sudden withdrawals of large funds. They must be prepared in advance for this service.Currently, it's not a problem because you can move to a large branch to be able to make the withdrawal. You also have to remember that now all banks are usually connected, so there won't be any more difficulties.

That will even be their focus they have to draft out a plan on how to make income and for both the servicing of the bank and also for their employees and also how to manage attacks because banks faces a lot of challenges. They will need money for covering up for does challenges. And nothing is bad because it is the responsibility of the bank to keep people's money safe and provide the best service they can offer so that they don't put their self in trouble. And I think there are withdrawals that will take days for them to process. If you not in that system you will find it difficult to understand how the whole thing is working.  And banks get support from the central bank no matter what the situation might be.

[Volimack]

Lack of trust is the main reason why people reduce their deposit in banks. There are many reasons for this distrust. Every bank has some rules. Depositors keep their money in a fixed amount for the future. The bank uses that money for various loans so it takes some time to withdraw the money from the bank. The business of a bank is to accept deposits and give loans stagnation here indicates a crisis.

[someone703]

Loans from wealthy nations are often the oil that greases the gears of development, especially for developing countries. Those grand infrastructure projects, healthcare systems, and social programs? Many wouldn't be possible without a helping hand from the international financial community.

But this dependence isn't without its shadow. It creates a delicate web of obligations and vulnerabilities. For borrowing countries, there's the constant pressure to manage debt, ensure economic growth, and avoid becoming beholden to the whims of lenders. For lending nations, it's a balancing act between supporting progress and protecting their own financial interests.

And let's not forget the ever-present risk of "bank runs," those financial earthquakes that can shake even the sturdiest institutions. When panic sets in and everyone scrambles to withdraw their cash, even the most cautious banks can stumble. It's a stark reminder that trust is the bedrock of any financial system, and when that trust cracks, the whole house can come tumbling down.

[CageMabok]

Lack of trust is the main reason why people reduce their deposit in banks. There are many reasons for this distrust. Every bank has some rules. Depositors keep their money in a fixed amount for the future. The bank uses that money for various loans so it takes some time to withdraw the money from the bank. The business of a bank is to accept deposits and give loans stagnation here indicates a crisis.

I also felt surprised by the rules made by the bank, so that's when I started to have less trust in the bank system, even though I also use the bank when I want to take my money to other places. Because sometimes we are hindered by business people who still rely heavily on banks, which makes me have to follow them even though I actually don't like keeping more money in the bank for a long time. And for now I only keep as much money as I need in the bank to manage my business, because I think that if our money stays with the bank for too long, it will definitely make the bank too happy because they can reap profits from it in the long term.

[darkangel11]

I’m not asking you to trust the bank but I’m letting you understand that the procedures that the bank takes to protect your money aren’t easy to achieve. You may use that minimum security but what if a group of smart thieves get the information that you have a huge amount of money at home? You even spoke about the fact that money is paper. You also already know it can have issues like other papers. You think it’s easy to put off fire burning on paper? There are other things to consider too, but notice how you will have to be aware and cautious of each and all of these whereas with the bank, one you deposit, you’re okay to go.

What are we even talking about here? Are you trying to discourage me from holding money at home, which is something I've been doing for decades?
How is the fire going to get to my money? Is it going to magically appear in an empty room with no electric appliances and furniture, jump into a fireproof safe and burn the money?
How are thieves going to get that information? I don't share it with anyone. Are they going to read my mind? I'm pretty sure I have the means and the brains to hold my own money without the bank snooping around, telling me what I can or cannot spend it on.

[yohananaomi]

However, banks must have income to be able to carry out their activities; if there is no income, then the bank will not be able to pay employees and interest for each of its customers. So indeed, the bank must circulate the finances collected from each customer in order to obtain funds so that everything the bank will do can be carried out well. So there is no problem using funds stored by customers to make a profit.There are many banks whose activities are in remote areas where the possibility of storage space is limited, so it is natural that they cannot provide sudden withdrawals of large funds. They must be prepared in advance for this service.Currently, it's not a problem because you can move to a large branch to be able to make the withdrawal. You also have to remember that now all banks are usually connected, so there won't be any more difficulties.

That will even be their focus they have to draft out a plan on how to make income and for both the servicing of the bank and also for their employees and also how to manage attacks because banks faces a lot of challenges. They will need money for covering up for does challenges. And nothing is bad because it is the responsibility of the bank to keep people's money safe and provide the best service they can offer so that they don't put their self in trouble. And I think there are withdrawals that will take days for them to process. If you not in that system you will find it difficult to understand how the whole thing is working.  And banks get support from the central bank no matter what the situation might be.

Banks will not be able to avoid covering every activity they carry out, which requires funds, and what you say is true. In the end, the bank makes it more of a main focus to do that so that whatever it does, it can gain profits from turning over customer funds so that they can be used for operations that are really needed by banks.The bank does a lot to be able to carry out its activities well and not make things difficult for its customers, both creditors and debtors, especially in facing challenges that may arise from the activities carried out so that they can run well.Protection of customers is highly prioritized; therefore, it is very necessary for the central bank to be able to provide backup if there are problems, ensure that customers are not harmed, and ensure that the bank's reputation can be well maintained so that it can always carry out its activities.

[Jerrycrypto2024]

In this recent economy we have witnessed some hardships financially and many other aspects now coming to say there is no money in the bank how possible is that can you imagine saying the river has no water? We are in the new year now huge sum of money have been signed by the government for projects but in a very short time they suddenly come out to say the country is running out of funds the country needs to borrow money from other countries the money signed in your own country where are they what is the duty of the bank in your country imagine a bank giving you the maximum amount you as a the account owner can withdraw from your own account sometimes I just feel like the bank isn't a safe place any more.
Come to think of it what if someone has a very serious score to settle for example someone who has health issue and needs money urgently then you go to the bank and they tell you there is no money in the bank for now so where does the bank want people to save their money if the bank at some times can be this disappointing should we go back to the system as at the old days where you bury your money or put them in your ceiling for safety please it's no joke anymore banks should try to be reliable as to gain trust from customers because many people are not comfortable with this system

To some extent bank is one of the best place to save money as people have lost there money while using the old system , banks do run out of cash if that is the case you can make use of mobile transfer or withdraw through pos agents .

[harapan]

The banks is another factor the government uses to carry out thier mischievous manipulations.Money in the banks is not safe anymore as they are been controlled by the government and storing all of your money in the bank can hurt or jeopardize your financial journey and goals.

 It is possible for banks to say there's no money in the bank by hoarding the cash.its actually possible for banks to run out of money,yes,because they are not allowed to lend cash they don't have and they don't because they can't.