As a big savings country, my country has a good tradition of savings since ancient times. For the common people Only those with deposits have a sense of security, and banks are also commercial institutions born because of seeing this business opportunity. The main business of a bank is to store customers’ cash, open accounts for customers, and then loan money out of the bank to customers in need to earn profits. In our perception, banks are just needed by the industry, and basically there will be no failures, but in reality, there are indeed bank failures.
Just last yearBaoshang Bank Announced its bankruptcy. Baoshang Bank, as a medium-sized bank, had its most prosperous period, with more than a dozen branches in various provinces, with more than 500 billion assets, and ranking tenth among the top 500 Asian banks. Such data is sufficient Prove the operational capabilities of this bank. According to common sense, Baoshang Bank has achieved this scale. It is not so simple to want to go bankrupt, but it was in August last year that Baoshang Bank declared bankruptcy.
Baoshang Bank was established in 1998 and declared bankruptcy after 22 years of operation. It is the fourth bankruptcy bank in China’s history and the largest One of them, due to illegal lending during the operation of Baoshang Bank, eventually declared bankruptcy due to accumulation of bad debts. After Baoshang Bank filed for bankruptcy, relevant departments immediately confirmed the bankruptcy of Baoshang Bank through judicial procedures.
The bankruptcy of Baoshang Bank once again strikes everyone As a wake-up call, although the bank seems unbreakable, it is always a corporate organization. No matter how stable the bank’s business model is, it is also at risk of bankruptcy. Then the question arises at this time. If the bank where I deposit the money goes bankrupt, can I get the money back?
In fact, don’t worry too much about this. The”Deposit Insurance Regulations” Article 5 clearly stipulates that deposit insurance implements a limit payment, and the maximum payment limit is RMB 500,000. That is to say, as long as the bank we choose to deposit has joined the deposit insurance regulations, and our deposit amount is less than 500,000, the money will be repaid in full by the deposit insurance institution after the bank fails. As ordinary people, we must remember that we must properly choose the bank for depositing, especially when the deposit amount exceeds the threshold of 500,000, because once it exceeds 500,000, if the bank goes bankrupt, we need to wait for the bank to proceed.After bankruptcy liquidation, it will pay you proportionally based on the remaining assets. Of course, as a bankrupt bank, it went bankrupt due to lack of funds. After liquidation, it is difficult to provide money to compensate customers. It is worth pointing out here that the larger the bank, the lower the risk of bank failure, and the better the security of property.
In addition, we should also note that banks are originally corporate institutions, in order to earn Profit The bank will sell various funds to customers, insurance Products. When purchasing these products, we must understand that banks are merely acting as intermediaries to promote products to customers. When the bank goes bankrupt, we can’t get any claims for trust products from the bank, but don’t In a hurry, the bank will issue relevant vouchers when handling this type of business. We can find the relevant financial company when handling this kind of business. , and then decide whether to continue the contract. Therefore, for this type of bank’s agent sales products, customers will not be compensated after the bank goes bankrupt, customers can only Find relevant companies to carry out the compensation process.
In general, although banks are stable, they also have the risk of bankruptcy, and the deposit insurance regulations pay only 500,000 for deposits, so We must not hang on a tree, card the maximum deposit value of 500,000, open accounts in multiple banks, so that we can get full compensation even if the bank fails. Of course, this approach has both advantages and disadvantages. The bank also understands that many customers will not store more than half a million in cash, so for this type of customer deposits Interest will be the same as low deposits, but as long as you store more than half a million, the interest will rise sharply. You can also get various convenient services provided by banks. Credit cards are one of them. Banks gather funds. As users, we must distinguish among them and choose the most suitable deposit method.