It is often reported in the news that some people have tens of millions or even hundreds of millions of dollars in cash in their homes, and some MLM organizers and criminal groups often hold large amounts of cash. For these people, putting money in the bank is equivalent to a trap, which is easy to be found and has serious consequences. In the case of unlimited funds for buying a house, real estate has also become an important channel for money laundering, which has played a positive role in rising house prices. If you can only pay by bank card, the number of buyers with problems in the source of funds will obviously be greatly reduced.
We need to use cash, a tool that won't leave traces, to achieve some improper purposes.
I opened this mountain and planted this tree. If you want to live from now on, stay and buy the passage. Money is not everything, but there are really not many things that money can't do. Tens of billions of projects and enterprises are listed, from children to school, and money for buying roads can be seen everywhere. Enterprises use cash to pay wages and bonuses to evade taxes, and also use a lot of cash for public relations.
Cash transactions do not leave traceable vouchers, especially these transactions often have no receipts and are very hidden, which is impossible for bank transfer and mobile payment.
3. Older people don't trust banks, or don't know how to save money. It is safer to hold cash.
Older people are slower to accept new things and are more likely to listen to negative news. Smart phones have many functions, but a considerable proportion of the elderly can't use them and dare not operate deposits on them. When you hear the news that some bank deposits have been stolen, misappropriated by bank employees and turned into insurance, you will be scared to find a mouse hole to hide in.
Cash at home will not generate any interest, it will rot if it is not kept properly, and some will be bitten by rats. It's easy to forget after a long time, or the person who hid the money died unexpectedly and can't be found again. From the perspective of inflation, this is good for society, but it is really a pity for families who have worked so hard to save this money.
1, no benefits. At present, the bank's time deposits are mainly one-year, two-year, three-year and five-year periods. The interest rates are 1.75%, 2.25%, 2.75% and 2.75%. All banks have risen to some extent. Even after a 55% increase, their interest rates are 2.7 125%, 3.4875% and 4.2625% respectively. And the cpi was as high as 4.8% last month. In other words, the interest rate income of deposit banks did not even outperform inflation, so there is not much difference between deposits and non-deposits. For the rich, it is too lazy to get some interest.
It is easy for banks to deposit money, but it is not so convenient and fast to withdraw money. A large amount of funds enter the banking system, and the amount exceeds a certain limit. This is to be reported to the central bank, and the central bank and the deposit bank should monitor this money at any time. In other words, this fund is not accessed casually like ordinary citizens. For example, we all know a rule that major banks need to make an appointment to withdraw more than 50 thousand yuan. What kind of reason is this? I enjoy my own money and have to inform the bank in advance. Trouble?
For some things that are not under the sun, cash can solve the problem better, and people who accept cash are more at ease. This is the tacit understanding of everyone. Especially n years ago, it was embarrassing for you to find the relevant departments with public power. If the bank transfers money, it will be exposed to the sun!
4. Some money can't be deposited in the bank, because it is probably unreasonable income, some are not illegal, but they are also illegal, and some even come from illegal sources.
To sum up, the above reasons have led many rich people to keep their money at home instead of in the bank.
First, the interest rate is low and the currency depreciates year after year.
Second, it is not safe. If it's not good, it becomes insurance. I don't know. I didn't know until the money was due. The money was long gone. Bank employees are confused with fraud gangs. They all work in a window of the bank, and their clothes are the same. They don't hang the brand of that insurance company, so they can't identify it. You're not a COP. You can't investigate the identity of employees.
Third, if something happens, the money in the bank will not be withdrawn. Anyone who saves money is confidential and will not make a will as expected. Who will inherit the money after my death? Saving more money in the bank, password number, is like taking care of your offspring. What a tragedy! Only middle-aged and elderly people save money for their old age, but they know that all their hard-earned money is probably gone.
Fourth, money from unknown sources, money from corruption and bribery, and various illegal huge sums will never be deposited in the bank.
These people are afraid to save money, and young people don't have many big bosses with successful careers. There is no money to save, only loans to buy a house and a car, even if you make money, you will spend it in less than two years.
There are only two kinds of people who keep their money at home and don't keep it in the bank:
One is the elderly.
Most elderly people lack the concept of financial management. Lack of financial management concepts such as saving money in the bank to get interest and buying financial products to get higher returns. In order to save trouble, they are likely to hide their money at home.