in modern banks money is just a number in a database, right? What stops the bank owners from just adding an amount to a saldo of an account?

Question

in modern banks money is just a number in a database, right? What stops the bank owners from just adding an amount to a saldo of an account?

In: Technology

Answer 1

Saldo on an account is just debt that bank owes their customer. Increasing that doesn’t make the bank owners any richer. You can say you owe yourself a billion dollars, are you rich now?

It would get the owners charged with some sort of tax fraud though, trying to remove money from their company all sneaky like without declaring it as profit.