Why do some old people go to the bank to withdraw their pensions once they are paid out?

Because in many places it is inconvenient for the elderly to withdraw their money and online banking is not enabled. The second point is that the elderly are short of money and need more money to survive the rest of their lives. The third point is that they do not trust banks. , I still think it’s best to take the money and put it in your pocket.

The first reason is that the elderly are more accustomed to using cash. Nowadays, young people are more accustomed to mobile payment methods. After the money arrives at the bank, they can transfer the money to WeChat or Alipay through online banking at any time, and then use it to pay quickly, eliminating the trouble of finding change and not worrying about being stolen. Because of their age, the lives of the elderly are becoming simpler and simpler. They are basically unwilling to try concepts such as online shopping and e-commerce. Most of them do not know how to use mobile payment or even smartphones. So they usually take out cash, put it in their underwear pockets, and choose cash settlement when shopping.

The second reason is that the elderly are accustomed to fixed deposits. Different from the way young people manage money, many older people are more accustomed to fixed deposits. Although pension accounts also have a certain amount of interest, the interest rate is lower than that of time deposits, and it is not conducive for the elderly to control their assets. Therefore, the elderly choose to withdraw their pension funds every month, and then deposit the excess money into an account regularly or irregularly. First, they can get higher interest, and second, they can better control their own assets.

The third reason is life reasons. If they don’t take it out, what will they eat? Since it is called a pension, as the name suggests, it is used to support the elderly, and they have no other income, so they have to withdraw it every month to buy daily necessities. The physical condition of the elderly is getting worse and worse, and sometimes they have to take medicine frequently, and the few pensions they have may also be stretched thin.

The fourth reason is to often give pocket money to your grandchildren. As the saying goes, "We are close to each other every generation." Many elderly people are particularly close to their grandchildren. The family happiness between grandparents and grandchildren cannot be replaced by any material enjoyment. Many elderly people like to prepare a certain amount of cash to buy snacks for their grandchildren. They also give their grandchildren some small amounts of cash from time to time for them to use on their own.

So based on the current situation, the idea of ??the elderly receiving their pensions directly is completely understandable.