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I always have cash because the bank, at any point, can decide to freeze my account until I show up in person with some arbitrary ID/documents and beg on my knee
by bserge 5y ago
I always have cash because the bank, at any point, can decide to freeze my account until I show up in person with some arbitrary ID/documents and beg on my knees.
That's the reality for most people and they don't even realize it.
I guess once you have enough money it's different, but for an average non-millionaire chump, it's best not to trust anyone too much.
- sofixa 5y agoThat's why i personally have a few bank accounts in different banks, with cards on different networks. The risk of a banking/network error is significantly lower that way.
- chrononaut 5y ago> The risk of a banking/network error is significantly lower that way. The risk of a banking/network error is significantly higher that way, although the risk that it affects all deposited funds is significantly lower.