What does it mean for banks to absorb and store large areas?

In the bank of our town, at the end of each year, ETM has no money and can't withdraw money by itself!

Because the end of each year is the peak of capital use, the boss needs money to pay his employees, and the employees need to take their wages home. Go home with money. Do you want to go to the market to buy new year's goods?

At this time, a lot of money is needed to meet the needs of users. So banks will absorb and store large areas!

Reason 2: The competition in the capital market is fierce.

In the past, only banks had money funds, wealth management products, national loans and other income products, with low returns and weak liquidity. However, because there is no other choice, many users don't need money urgently, and they will still keep it in the bank.

Now, there are countless such platforms. In order to absorb deposits, they set interest rates much higher than those of the four major banks, and they are highly liquid and easy to operate, unlike banks. Cheating? What kind of insurance contract do you sign?

In today's increasingly mature financial platform, banks will absorb reserves on a large scale and see the crisis!

Reason three: no money to borrow.

This year, many banks have introduced preferential policies, such as free activities, free installation of ETC, giving gifts to new accounts, raising interest rates, etc., all in order to absorb deposits.

Banks need to take some users' money to borrow money, so as to charge a certain interest!

If banks do not absorb deposits, there will be no capital flow and investment, which will affect the normal operation of banks. We should know that many local private banks can only declare bankruptcy because they don't have enough funds to operate.

In terms of deposits, no platform is safer than banks. But if it is in financial management, are banks really not as humanized as these emerging platforms?

Especially in recent years, many people don't like to invest their money in banks, and the current interest rate of banks is not enough to deduct the SMS reminder fee.