Why Your Money Isn't Safe In Your Bank Account

Less than $250K. No Prob
Runs on banks. Hacks into your accounts . . . Hardly anyone uses cash any more
If we look at the history of banking, you could say the first banks we had were merchants belonging to the old world who would give grain loans to farmers or traders. Fast forward to ancient Greece and later during the Roman empire and you had money lenders and money changers. These people would often do their business in temples, and if you know your Christianity, you’ll know that Jesus Christ wasn’t too keen on these people. But it wasn’t until the 14th century that we saw more modern types of banks, with the Italians first, and then the Dutch and later the British leading the way regarding banking. The oldest bank in the world is the Banca Monte dei Paschi di Siena in Italy, opened in 1472- but no institution is foolproof, and your money may not always be there when you need it. Welcome to this episode of the Infographics Show, Why Your Money Is Not Totally Safe in Your Bank Account.
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