Virtually Empty Vaults Is Why Banks Are Closing Coin Shops Accounts.
Published on Sat, Sep 2nd 2023 News & Politics Rectangular HD
#preciousmetals #silverstacking #coinstore #bank
There have been several reports recently of local coin shops' bank accounts in the U.S. being closed.
Usually, the banks give no reason for the decision and a lot of theses coin shops have been in business for decades for some reason these account closures are becoming more prevalent.
During the regional bank crisis in March 2023, I did a video about how much cash US banks keep on average it's very little so seeing that coin shops are a cash-intensive business I think that is one of the major reasons why their accounts are being closed.
My full video from March 2023 - How Much Cash Do Banks Keep In Their Vaults?: https://youtu.be/S_hRCA1y5sM
My Coin Shop Bank Accounts Were Closed! Silver & Gold stackers WATCH OUT!: https://www.youtube.com/watch?v=5yW8IVqaqdM
Bank Closes Coin Shop Account - Sherrie NAMES THE BANK and Doesn't Mince Words in Her Frustration!: https://www.youtube.com/watch?v=UZbaD8KVSlo
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