Run On The Banks Age of Credit Cards Is the risk of a general run on the banks greatly reduced now that most transactions are done electronically?
If we talk about a run on one bank, I think it's the other way around. Back then, people need to stand in line and wait for their queue to take their money out of the bank (and deposit it to another bank). Now they can transfer their money from anywhere and anytime. So I think the risk of a run is greatly increased.