What Happens If Your Bank Runs OUT OF MONEY?

You deposit your money in the bank thinking that your money is safe and that you can withdraw it at anytime - but that's not entirely true...
Subscribe To Our Channel:


🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101:


Watch - 5 Ways To Start Investing With $500:


What Happens If Your Bank Runs OUT OF MONEY?
0:10 - I went to the bank to deposit a check and was told I can withdraw my money whenever I want
1:00 - How the banking system works when you deposit money
2:28 - What happens when you deposit your money (but can’t get your cash back)
3:08 - Now the bank runs out of money - how this affects your deposit
3:51 - What the bank does when you want to withdraw money as the bank is losing money
4:40 - Your bank becomes insolvent - how a bank run works
5:10 - How often banks fails
5:38 - How the FDIC protects your money if your bank shuts down
6:04 - How the FDIC works
6:35 - Why financial education is so important


What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.

Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #Banks


Twitter: @M2JaspreetSingh
Personal Instagram: @M2JaspreetSingh
Instagram:
Facebook:


See more & read our blog!


This Video:
Channel:

Video host: Jaspreet Singh

minoritymindset,minority mindset,minority123,thinkminority,jaspreet singh,bank run out of money,what happens if your bank runs out of money,bank run,bank failure,how banks work,how bank insolvency works,banks fdic,how fdic works,how often banks fail,depositing money,banking system,banking system explained,financial education,