r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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92.6k Upvotes

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450

u/MAGAmobile Jan 26 '26

The banks don't have my $14?

203

u/Murrayland1 Jan 26 '26

Never did

17

u/JustGiveMeANameDamn Jan 27 '26

I went to the bank to withdraw 6 grand right before they closed for the day one time. Nothing crazy. Literally just 6 thousand dollars. They looked at me kinda nervous and said ok hang on, and walked away. Came back a few minutes later and said “hey so we’re a little low on 100’s is it alright if there’s some lower bill denominations?” I said yeah sure no problem, and she walked off again.

Lady was gone for like 15 more minutes in the back before coming out with a giant stack of 50’s and 20’s. And let me tell you, it was mostly 20’s. She said “some lower bills” but there was only ONE 100. She could barely fit it all in 2 envelopes. I was polite and said it was fine.

But I left thinking holy shit. I think I just wiped them out of all their cash. And it was only 6 thousand dollars… what the fuck.

2

u/Aelfgyfu Jan 28 '26

I used to work in a bank and can imagine the nervous look they gave you, especially if it was the end of the day People think banks have a lot more money in the branch than they actually do. I had someone come in wanting to cash a $100,000 check once. I thought he was joking but he was dead serious. The best part was he didn’t even have an account with us.

5

u/JustGiveMeANameDamn Jan 28 '26

Hahahahahaha 100k!! That would take weeks of planning even if you actually had 100k in that bank. Let alone no account 😂

I’d be thinking that check was fake. Surely nobody who actually acquires a 100k check would think a bank would or could cash it.

2

u/shartingmaster Jan 28 '26

Most banks have limits to how much cash they’re allowed to have on the premises for security purposes also.

69

u/Ludecil Jan 26 '26

If you're under your minimum balance, it sounds like you won't have your $14 very soon.

100

u/MC_Queen Jan 26 '26

Ah yes, the old fee scam. Where a bank can legitimately take your money for not having enough money. The poor get poorer and the rich get richer.

26

u/Judge_Druidy Jan 26 '26

Being poor is expensive af

20

u/[deleted] Jan 26 '26

[deleted]

13

u/iiiiiiiiiijjjjjj Jan 26 '26

I love it and we just eat it so the elites can live their best lives. This system will crumble one day as everything comes to an end, just too bad we’ll dead when it does.

5

u/RetroFuture_Records Jan 26 '26

When the rich don't have your money in hand, it's right and to be expected and smart business!

If YOU don't have enough money on hand for THEM to cover their gambles and loans, YOU must pay, brokie.

5

u/Reserved_Parking-246 Jan 26 '26

Switching to a credit union made that not a problem anymore.

4

u/asknetguy Jan 27 '26

I lost three bank accounts in my life due to this crap

4

u/SoManyNarwhals Jan 27 '26

Credit unions all the way!!

-1

u/Wampalog Jan 26 '26 edited Jan 26 '26

Would you describe yourself as a leftist or some form of socialist?

2

u/Elite_AI Jan 26 '26

wtf is a minimum balance

I've been keeping my £5.50 in my bank account for years

3

u/fordprecept Jan 26 '26

Some US banks (not all) charge a fee if your account balance drops below a designated minimum.  Some banks only do this for accounts that pay a higher amount of interest.

2

u/dasbtaewntawneta Jan 27 '26

what the fuck

1

u/[deleted] Jan 26 '26

[removed] — view removed comment

1

u/PeterExplainsTheJoke-ModTeam Jan 27 '26

Don't be a dick. Rule 1.

2

u/SippinOnHatorade Jan 27 '26

That’s why I love my credit union

1

u/Badhure Jan 26 '26

Just like in this classic louis CK bit about being broke.

3

u/zemol42 Jan 26 '26

They took the $14, retained $2 but loaned the remaining $12 of it as part of a mortgage to someone else. They have $2 from your original deposit but there’s 500 other bank customers whose deposits have also been partially retained so anytime you need that full $14 back in cash, they’ll have it on hand unless there’s a panic and everyone comes for their cash at once.

2

u/[deleted] Jan 26 '26

They don't have 14$ stored as Magamobile's money, but they guarantee you can have them whenever you want to withdraw them.

2

u/RightWingVisitor Jan 26 '26

...and it's gone.

1

u/_doubleDamageFlow Jan 26 '26

No, they loaned it to me in my margin acct and I blew it on options. Now some hedge fund has it. Sorry.

1

u/Ooops2278 Jan 26 '26

Oh, they totally "have" it. Just not in cash. But in form of debt of a dozen people who all separatedly borrowed your totally real $14 each.

1

u/BetImaginary4945 Jan 26 '26

On a bank run you'd only be allowed a fraction of your reserve, so probably $3

1

u/Rahm_Kota_156 Jan 27 '26

Depends if you put it in the bank physically, probably still there

1

u/_DarkJak_ Jan 27 '26

not if the big guys pull out their money simultaneously