Have you ever withdrawn everything from the bank and to what reason?
- Thread starter Stardom22
- Start date
I haven't withdrawn all funds from my bank in a long while. Used to do it when I was younger. When the balance gets to $3, I don't withdraw again.
I had to clear my account before because I was looking for funds to help my brother with fees. The amount in my account no was not even enough.
I have not withdrawn everything from my account before. My bank doesn't allow you to withdraw the last $1 unless you want to close the account.
That is a good idea to have emergency funds. It is applicable to small-scale or large-scale businesses.
I have done this once because I wanted to change bank. I withdrew all money in a bank and then deposited the money into another bank which offers better interest rate.
I only take money out of my bank account to cover bills and groceries. I keep a separate account just for my savings, and I never touch that money.
I think that there are many clients who tend to withdraw all if their money at once for many reasons. In many cases, they do that because the staff may not be treating them well.
That's right, it's an avoidable for emergency purpose like sudden business to start or investment to start.
