What happens if everyone withdraws their money from the bank?

We have seen in the past what happened in Cyprus and Greece and should learn from it.

When the sovereign debt crisis was known, it was possible to withdraw a maximum of 60 euros a day and had to wait for hours in long lines. How far can you get by with 60 euros a day and how long could you wait for your money?

As soon as you want to pick up a higher amount from your bank you have to announce this a few days earlier to your bank so that it has enough money to pay you.

Because the business model of a bank looks like this: It takes money from its clients to lend to other customers. Therefore, not all deposits are in the bank at any time. This is not a problem, as long as only a part of the customers reclaim money, because the bank always keeps a safety reserve in stock. But if too many customers want their money at the same time, the bank quickly gets into liquidity problems.

The business model of banks is built on the foundation of trust. If this breaks away, it is only a short way to the bank's fall.

If everyone goes to the bank to withdraw his money, the problem is that not enough money will be there to take care of everyone.

The last ones will be bite by the dogs!