Where does money sleep at night? Is it safe there?
Your S$50 — where is it actually right now? Wallet? Bank app? Both?
Who is holding it while you sleep? Where does it physically live?
And the big one: could it ever just… vanish? Family, discuss!
Banks pay you to store it — and MAS stands guard
Cash sleeps in a vault or a wallet. Bank money is just a number in a database — the bank owes you. That's why banks pay you interest: it's rent for borrowing your money while you sleep.
And in Singapore there's a guardian: MAS (the money regulator) licenses banks and insures deposits up to S$100,000 per bank through SDIC. So the real risk isn't vanishing money — it's the slow leak: money sitting idle while inflation quietly shrinks what it buys.