👉Yet Another Bank Goes Down in America -- This time it is Fifth Third Bank form Cincinnati Ohio Bank outages ;Bank Failures ;and Bank services down ; the saga continues in America . This time it is Fifth Third Bank (a large bank in the midwest, based in Cincinnati Ohio) has been totally down last Friday. Seemingly every account shows a negative balance, meaning no card payments, no ATM withdrawals, or even branch withdrawals work. If you try to pay with your card, the card is declined for "insufficient funds."
This goes to show how quickly a major system can go down, with no real recourse for the average person. It stresses the importance of not carrying all of your eggs in one basket, and having at least one alternative that does not rely on any outside company or individual (i.e. cash).
This is happening through lunch time on a weekday, meaning many workers who do not carry cash or alternative cards are likely going without a meal.
It's not cause for "alarm," it's a genuine issue that we can prepare for.
Being in a grocery store with a full cart of groceries and not being able to pay because your bank is down is an avoidable situation with some planning.
Prepping isn't just about catastrophe.
Always, always have a backup plan. That is why i have my savings divvied up in two accounts in two separate banks and have a thousand cash stowed away in case of emergency. Might not be gathering interest but at least it's there in case of emergency.
Cash is also important to carry for the little disasters, like a weekend power outage, or the debit/credit connection at your regular grocery store being down just while you're there.
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