Every month, we are faced with the problem of what to do with the money. Some people choose to keep the money in their payroll card, while others choose to transfer it to other accounts or payment platforms. Maybe you think that this choice doesn't matter, as long as the money is still in your control, it doesn't matter what you do. However, did you know that this choice may affect your credit, loans, financial management, etc., and even affect the operation and development of the bank? Don't believe me?Listen to what bank employees have to say, and they will tell you why it is not advisable to "move away" as soon as you are paid, and why.
As a financial institution, the main business of a bank is to take deposits and issue loans, and obtain income through interest rate differentials. Therefore, for banks, deposits are their lifeline, their capital, and the embodiment of their competitiveness. When the amount of bank deposits increases, it has more funds to invest, lend, wealth management and other businesses, thereby increasing revenue and profits, increasing market share and brand influence. Conversely, if the amount of bank deposits decreases, it will face problems such as tight funds, limited business, declining revenues, increased risks, and may even lead to bankruptcy and bankruptcy. So, what does the money in the payroll card have to do with the money in the bank?In fact, the money in the salary card is the bank deposit, but it is a special kind of deposit, which is called a demand deposit. A demand deposit is a deposit that can be accessed at any time, with no fixed term, no interest rate, and no early withdrawal penalty. Demand deposits are a convenient and flexible deposit method for us to use our own money at any time without worrying about being locked up or losing interest. However, for banks, demand deposits are a high-cost, low-yield, and high-risk deposit method. Banks need to provide sufficient cash liquidity for demand deposits to ensure that we can withdraw money at any time, while also paying a certain amount of interest. However, demand deposits cannot be used for long-term investments and loans, but can only be used for short-term turnover and adjustment. Therefore, banks prefer customers to keep their money as fixed deposits, such as one-year, three-year, five-year, etc. Fixed deposits are a high-yield, secure way for us to earn higher interest than demand deposits without worrying about money depreciation or loss. However, for banks, fixed deposits are a low-cost, high-yield, and low-risk way to deposit. What would be the impact on the banks if we "transferred" the money as soon as we paid our salaries?This is equivalent to us going from a demand deposit to a zero deposit, which means that our money is not deposited in the bank at all, but is transferred to other places, such as other banks or third-party payment platforms. In this way, the bank will lose our deposits and also lose our funds**. For banks, this is a huge loss and could even trigger a crisis. Because the bank's deposit is not only the capital**, but also its credit guarantee.
What are the benefits and advantages for us if we leave the money in the payroll card and not "turn it away"?
First of all, bank deposits can reflect our income level and financial situation, and it can also affect our credit history and credit score, which in turn can affect our credit limit and line of credit. If we keep our money in our payroll card, the bank will be able to see our income stability and financial health, which can improve our credit rating and credit limit, and allow us to enjoy more credit services and benefits.
Secondly, bank deposits allow us to enjoy some of the benefits and services provided by banks, such as interest, red envelopes, gifts and insurance. The money that remains in the payroll card can continue to increase in value, not depreciate, so that our money can continue to make money instead of becoming dead money. Through the benefits and services of the bank, we can increase our income and wealth.
Finally, bank deposits can protect our wealth and life security, preventing money from theft, loss, damage, etc. If we keep the money in the payroll card, we can be protected and supervised by the bank to avoid theft, misappropriation, fraudulent claims, etc.
For society, bank deposits are an important factor in maintaining and promoting economic and financial stability and development. Bank deposits serve as the bank's funds** and credit guarantee, if we keep the money in the salary card, we can increase the size and quality of the bank's deposits, thereby supporting the bank's performance and rating, so that the bank has more funds and credibility in financial business, such as investment, loans, wealth management, etc.
It can be seen that the money in the salary card is not only related to our own wealth and life, but also related to the credit and strength of the bank, as well as the economic and financial stability of the society. There are several benefits and advantages that can come with leaving the money in the payroll card instead of "moving it away". Of course, this is not to say that money cannot be "transferred", just to be moderate, balanced and rational. We can't just pursue convenience and speed, and ignore safety and profit, nor can we only pursue freedom and flexibility, and ignore credit and responsibility. Nor can we only pursue personal and short-term interests while ignoring social and long-term interests. According to your actual situation and needs, it is crucial to arrange and use the funds in your salary card reasonably.