Correction it was your bank account but it wasn't your money in there.

In legal terms and also in practical ways, the money in the bank is not your money. It's the banks money , or more precisely it's the banks debt.


In accounting the bank defines the money it holds for it's customers as his debt, and the loans he gave out to businesses or individuals as his assets.

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You know that in bankruptcy cases the corporations have all their debts forgiven (bail-in happens) above which they cannot fund (unfunded liabilities) via their assets.

So when a bank goes bankrupt it's debts are erased (all customers funds are erased, bail-in), and the assets probably used to pay shareholders.

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So the bank checking account & saving account using customers  are fucked in the ass very hard.

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Of course there is a 100,000€ insurance on every bank account, but I see how they fucked you up with that. The insurer will obviously dont want to pay the entire sum at once because then he might go bankrupt too.

(insurers operate on small cash flows and big risk margins, they are not well capitalized to insure a systematic collapse the magnitude of Cyprus 2013)

So you will get your 100,000€ insured (-) inflation (-) further transaction fees (and if the insurer goes bankrupt too, then you wont get it).


Sadly this is the fiat world we live in now!