2 ms·

The bank doesn’t do that for you. The bank does that because regulators require them to as a condition of being in the banking business.

• jtbayly 5y ago
  Banks would have ceased to exist centuries ago if they couldn't be trusted to do this in general. Regulations have very little to do with it.
  • Shared404 5y ago
    To be fair, until comparatively recently, bank runs were a real and problematic thing.
  • bserge 5y ago
• deleted 5y ago
  [deleted]