I am arguing that it is futile to see it as a loan to the bank. * There is no "lending" risk by depositing your money, only the currency risk (government insur

I am arguing that it is futile to see it as a loan to the bank. * There is no "lending" risk by depositing your money, only the currency risk (government insured deposits) * Banks provide critical infrastructure to transfer funds mandated to be used by the government. * It is even called deposits when you add money to you account, not a loan. * In Denmark we, still, have negative interests on deposits (at -0.6%, also for consumers) -- lending out is mandated to cost interests as in the tax authorities will force me to add interests at ~2.5% when I give a loan to somebody. All in all, depositing money in a modern bank should not be seen as providing a loan.