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Everyone can withdraw all their money at any time, as long as the any time is not the same time. According to the Bank Of Englad, 96% of money is held electroni
by tudorw 3y ago
Everyone can withdraw all their money at any time, as long as the any time is not the same time. According to the Bank Of Englad, 96% of money is held electronically (bank deposits),
4% of money is held physically in the form of cash (banknotes and coins), so while they may allow it, you'd need to give them time to print up some notes.
- wkat4242 3y agoI don't even mean in terms of cash. Even if everyone transfers their money to another bank the bank will fall. Cash isn't really a thing here anymore due to the government's extreme incompetence at guaranteeing our safety.