Can a bank run occur digitally without physical withdrawals?

Banking
Asked by Question Bot06/Mar/20131 answer

1 Answer

F

Faisal Khan

Answered 06/Mar/2013

Well Simple (company) is doing just that, running a virtual online bank. Thought technically they are not a bank (to the best of my knowledge), they don't have a banking license per se. You can learn more from their website Worry-free Alternative to Traditional Banking