Life itself may not go according to plan. Not everybody is a civil servant safely working for an otherwise over-indebted local city council. Other people could get fired from their jobs, the company could have packed their bags and moved to China, or their own business could have gone bust, and so on. Whatever happened, in those circumstances, the fact of having money in the bank does not help, because they will just arraign that money too. More often than not, related to what happened in your life, they will just seize the balance. And now you can no longer pay for the rent nor the food. So, you may end up homeless in the streets, unless somebody helps you. That is why I do not save money in the country that I happen to live in. It is much harder to attack a foreign bank account -- how can anybody know it even exists -- than a local bank account. So, I never trust local bank accounts. Whenever things go wrong, that thing will inevitably go wrong too.