Went to a drive through BMO, selected my withdrawl. Machine was silent for a good minute saying "please take your card".
Then it spat out a reciept+card AND NO CASH.
THE RECIEPT SHOWS MONEY WAS WITHDRAWN, NO MONEY DISPENSED AFTER IT JUST SAT FROZEN FOR 1 MINUTE. JUST LOST 500$
RUN THE BANKS NOW, OR ELSE THE SCUMMY FUCKERS WILL STEAL ALL YOUR MONEY!
I think they know the machine ran out of cash and they'll credit your account next business day. What they do the day after that is the question . There's going to be lots of people who lose trust in not only govt but banks and the whole film flam system.
You're right about the loss of trust and what happens when banks run out of money. My 2 sense is that small Canadian banks will actually be fine, it's the larger ones who bet you're cash in the market are where it's gonna hit them hard since more ppl want their money.