Banks & Your Cash: What You NEED to Know | 5-in-5 Ep. 10

Sara joins the 5-in-5 set to share her expertise and knowledge about banks and your cash. We've gotten some questions recently regarding the banking system and how safe (or not) your cash is. Tune in below and learn everything you need to know about banks and your cash.

With the Federal Reserve getting ready to release FedNow, talks of a Central Bank Digital Currency (CBDC), and an eventual shift to cashless society, the future of the banking industry has never been more undetermined.

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5-in-5 is a new series from Angel Investment Research that focuses on answering questions that investors have about various markets and industries. Each episode will feature a different expert providing insight and answers to the market's leading questions. This week, Sara answers your questions about the banks and your cash.

Episode Highlights:
00:00 Introduction
00:15 Do you think it's safer to keep your cash in a bank or at your house?
01:16 How much cash do banks typically have on site (or in the safe)?
01:55 What is a CTR (Currency Transaction Report)?
02:43 Will a cashless society render regional bank locations obsolete?
03:22 How hard (or easy) is it to rob a bank?
04:13 Have any questions of your own? Let us know in the comments!

#banks #cashlesssociety #cash #5in5

Disclaimer: We do not provide personal investment advice. Forward-looking statements and projections are subject to change and may be inaccurate. All investing carries risk. Be smart out there. And good luck.