system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What would happen to a bank if everyone who had an account there decided to withdraw their money all at the same day ?
gpt
Its called a run on the bank and depending on where the bank is different things can happen. In america all deposits are insured by the FDIC so they wouldn't have your money that day but you would within a few days. This is due to the fact that the bank does not carry that much cash on any given day.