Pulling Money Out of Banks
Financial Management

Pulling Money Out of Banks

Even here there just seems to be like non stop news pouring about the economy crisis in the US. One thing that caught my attention was how apparently some banks went under and people are literally taking all of their money and placing it in their homes somewhere. In one case I think I read a person pulled out $200,000 or so.

That’s something that I never thought of personally in terms of a bank going under and then you having the risk of literally losing all of your money that is in it. Although, most banks should have insurance for a certain amount of funds and so I think people are overreacting a little.

Can’t imagine how safe it would be to stash like six figures worth of cash in your house.

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