Quote from: icalical on Today at 07:55:25 AM

Quote from: Bright0515 on January 03, 2024, 09:34:59 PM

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

In my lifetime, I haven't experience this kind of phenomena where I can't withdraw my money from the bank because they don't have enough money. It might be only happened to a country that experience hyperinflation and the economy is collapsing so people are withdrawing huge sum amount of money at once. It is not a secret that Bank loan our money, so other reason outside the hyperinflation is might be that our money is being loaned to their loaner.

I haven't experience this too, But I do have this kind of experience wherein all my deposited money in my debit account has been gone due to their system issue or i dont know the real reason is because they didn't explained it to me clearly, it also took a few days before they returned the lost money to my account. I reported the incident right after I checked my online bank account, so it would also a big help if we have a weekly checking of our accounts set up, especially if you have online bank applications for easy access. due to trauma and panic, I withdrew all my money from that bank and transferred it to other banks that has a good system security.