It keeps it safe from being stolen. For example, if someone attacks you, the money in the bank won’t be taken?
Using the bank isnt the best thing to do. A better alternative is hiring tutors as it not only hides your cash but invests it in a tutor in which someone may hire later thus giving you more cash. ?
No You won't lose your money when you're being hit like most of these people said.But, keep in mind that you'll only get 80% of the cash back from your deposit. ie, if you deposit 100000, you'll get back 80000. Other ways to do this are by investing in tutors(has its own pros and cons) or by buying PIMDBanks but the latter will only get you 75% of ur money back.