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by lisper 3666 days ago
> Banks are for storing money

Actually, banks are for aggregating capital. There is no institution in the Western financial system where you can just store money. The best you can do is put physical cash in a safe deposit box.

1 comments

Putting physical US cash in a safe deposit box is actually illegal in the US.
AFAICT, it actually isn't in the general case (it may be when done with certain intent or effect), but most US banks now have a blanket prohibition on foreign or US currency in the agreement they require when you rent a safe deposit box.