Does my money also liquidate along with the bank?
Earning money here in Singapore is hard especially when you are a beginner here. I have been working for quite a long time. My employer suggested to open a bank for me to be able to save up my money. I have saved up my money in a bank as they told. After years past. The bank went bankruptcy, I am now worried if money is still okay or will it also liquidate with the bank.
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There are some cases when you just opened a bank account and had a savings account, the bank under goes bankruptcy and you cannot access to banks anymore. Do not worry, your money is still safe and will not liquidate like the bank. Your money is insured by the government and by the legal rights you can withdraw your money to them/