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.
Banks only have money or leave a few percent of all customer savings as deposits to anticipate when customers make withdrawals during working hours or for other purposes.
I cannot clearly understand the meaning of no money in the bank that I have heard because it is impossible for the bank to leave no money, even though at a glance I understand that customer deposits in the bank are turned over to be lent to people who need various types of credit.
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a customer needs it for a purpose, it must be provided and you cannot say no, even if the customer wants their money withdrawn in large amounts and requires a series of requirements to be completed.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.