Why you shouldn't keep all your money in the bank. Back a few years when bank of America was having troubles before they quietly sold off pretty much everything west of I-27. They had pissed me off for the last time, charging me BS fees for no reason while I was in Afghanistan. I had been saving my haz fire pay, family sep and additional pay for being tax free for about 8 months to get my roof fixed when I got back. So my bank account was abnormally swell. So I walk into a bank with my debit card and military ID, not a gun. And told them I would like to close my account. I was wearing my worst looking unwashed work clothing, almost looked like a homeless person, didn't want to look like some one who had any money when I walked out of there that day. They tried to give me a check... I know they are having financial troubles and they want to cut me a check because of the amount. I didn't want to wait how ever many days for the check to clear. So I wasn't going to take a check. Turns out that they didn't have enough cash to pay out all of my account on hand. The average bank robber only gets something like $8,600 I didn't do a lot better. I had to come back the next day for the rest which wasn't very much. What if there is a run on the banks? Surely there are plenty of people who have close to the same amount as I did and old people who just have a ton of money in the bank. The banks obviously dont keep as much cash on hand as I thought they did.