Banks seeing a run on cash withdrawals

Edmonds branch manager says they are as safe as ever

Series: Coronavirus | Story 66

Last updated 3/26/2020 at 9:46am

With stock market gyrations wiping out the 11-year bull market, some Edmonds residents are joining worried customers nationwide running to banks and stockpiling their cash.

Even though the majority of consumer transactions are conducted with plastic, it appears that there is some level of security in having cash in hand.

“I’ve had a few customers wondering if they should pull out extra cash, and my thoughts were that if it will make you feel safer and give you some peace of mind, then please do so,” said Vern Woods, manager of Peoples Bank on Main Street in Edmonds.

Those customers re...

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