How to Hide Your Money Where the Bankers Won’t Find it

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Unless you have been on vacation the past few days or out of touch with the never ending news media we live in you have seen or heard about the event in Cyprus. For those who haven’t heard, the short story is that the IMF has pushed for a “wealth tax” in Cyprus which would involve taking money directly out of the bank accounts of the people. That’s right, stealing in broad daylight with no apologies whatsoever. The IMF is saying that the people of Cyprus need to pay back the bankers who stole and lost their money. This is done with the threat of being kicked out of the Euro zone if they refuse. Make no mistake, this is a trial run and they will be coming for money in your accounts very soon.

So, what can you do about it? Can you put your money in stocks? What about investments like property or fancy cars? My opinion is that nothing is safe. If your money is out of your reach and stored in any type of financial institution it can be stolen. Before I go any further let me state what should be obvious to most of you.

Warning #1: Whatever you do with your money, you do at your own risk.

Now, that being said, where would you put your money if you can’t stick it in the bank? Well, first let me address why we put money into the banks in the first place. It used to be that our money was safe in the bank and for the privilege of letting banks hold on to our money and invest it we were paid back in interest. Over time, neither of these two reasons is valid anymore. You will not see any return on a traditional checking or saving account and as recent events like the MF Global scandal prove, your money can be taken and there is nothing you can do about it.

The Prepper’s Guide to Caches: How to Bury, Hide, and Stash Guns and Gear

I recommend you keep only enough money in the bank that you need to operate your daily finances, cover checks and your normal Debit Card purchases. Any savings should be “stored” somewhere else if you don’t want to be like the people of Cyprus who flocked to empty ATM machines and were faced with a bank holiday for 4 days. Just imagine going to your bank and they tell you that you are unable to get any of YOUR money out for 4 days. Where do you put this money? Great question and it will really depend on how much you have, where you live, how liquid you need it to be and your resources. All of this falls under the umbrella of how afraid you are that something like this could happen to you and your tolerance for risk.

Warning #2: Just because you hide money doesn’t mean someone else can’t find it.

There are a ton of options for hiding things and they are only limited to your creativity. If you are going to hide money, I would take extra precautions. Especially, if you plan on seeing this money again someday. For ideas, here are a few:

Secret compartment in everyday items:

There are a myriad of places and containers that can be made to look like normal everyday items. There is a Scribd.com post with plenty of photos and ideas. My personal favorite is the VHS tape hideout. I can see this holding a few hundred dollars if you play it right. There is another article (one of many) that illustrates good hiding places on Urlesque.com. Another idea I have heard of is to hide bills in the contents of old bank statements, junk mail for home refinance, etc. Anything that looks like junk will be overlooked most likely, but remember… You don’t want to throw this away when you are cleaning up one day.

In the walls of your home:

This approach takes a little more carpentry skills and will leave a bigger mark when you go to find your money. Do you hide it all in one spot? No, so there is more work involved in this approach and you want to make sure your handiwork isn’t easy to spot. If you have never dry walled, it may take a little practice.

Read More: Embrace Your Inner Pirate: 5 Important Considerations for your Survival Cache

In the attic:

Hands down the easiest place to store your money. Unfortunately, this is also a logical place to look. If you are going to hide your money up in the attic, spread it out so that if your stash is found, they might not find all of it.

In the basement:

If you have exposed ceiling joists, you can hide money between the insulation and the floor above. For a little extra level of difficulty, you should hide the money above plumbing or HVAC ducting to make it doubly hard to get to.

Buried in the yard:

I like this idea, but the nagging fear is that someone will see me digging a hole and go dig up my money in the middle of the night while I lie in bed. You can combine this with a garden or yard fixture project where you are out digging anyway to avoid suspicion. Or, break out the new pair of night vision goggles you have been dying to try, get up at 4 am and dig your hole in the pitch black night when you have no moon. Imagine you are breaking out of prison for extra motivation.

Hidden in a secret cache in a remote location:

I talked about using the game of Geocaching to teach you how to find hidden caches. You can also use this to find a good hiding spot somewhere near (but not too near) your home. Make the place you are hiding money very well hidden so that nobody will stumble across it accidentally. I would recommend midway up a hill because you never know when a flood will come and buried several feet underground.

Warning #3: Just because you hide your money doesn’t mean you will be able to get to it when you need it.

Again, use your best judgment with these ideas. Having your money safe from bankers does you no good if it gets washed away or found by hikers out exploring. Worse, if your house burns down and all of your cash is in the attic. Take appropriate precautions with everything but consider an alternate place to store your money. You may need it soon and not have the ability to go get it from your bank.

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37 Comments on "How to Hide Your Money Where the Bankers Won’t Find it"

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steveo77
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You must consider fire.
A floor safe is pretty safe, especially with gold coins. May get wet in a fire, doubtful it will melt. triple hide it so even the firemen wont see it.

prepperjournal
Guest

Great idea!

Floor safes require a little more engineering but they make a great hiding location. Its harder to retrofit a floor safe into an existing house, but that would be far better than leaving your money in the bank (in light of recent events) in my opinion.

Pat

big texan
Guest
Remember. Never place cash in your safe at home where it’s visible!! The IRS cannot take Any Monies that are not Cleary visible. Meaning when placing cash in your safe keep it inside Bank envelopes because when the audit comes the IRS agent cannot touch your money he finds that is covered!!!! But he can and will take everything in the dawn safe that is wrapped in bank rolls that he can see! Be smart people don’t purchase a cash counting machine unless you are OK with a audit coming soon after. I learned the hard way after I did… Read more »
Pat
Guest

Thanks for the info Big Texan.

PrepperNet
Guest
I respectfully disagree with the article above on where to hide your money. The suggestions listed therein are risky and don’t take into consideration variables like fire, flood, and if the SHTF, search and confiscation by the government or even marauders, who would think nothing of brute force or torture to get what they want. A better alternative would be to put your cash and liquid investments into foreign Coupon Bearer Bonds in several countries whose economies are doing well or are recovering. Never put all your assets in one place. The money you have sitting in the bank doesn’t… Read more »
prepperjournal
Guest
PrepperNet, Thank you for stopping by and sharing your comments. I always welcome different viewpoints and opinions. Hearing both sides of a discussion helps everyone make a better decision I feel. I would like to quickly address a couple of your comments though. Lets assume for everything going forward that the global economy hasn’t collapsed. Now, assuming your $1 bill still buys you a pack of gum, but we aren’t in a Weimar Republic type of scenario, your bearer bond idea seems to be fraught with the same type of peril that leaving your money in the bank does. If… Read more »
Jack
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As with most things in life, you need to diversify and tier your savings/money. 99% of the time, life is good/normal. So, you need to keep SOME money in the bank, and in traditional retirement/investment accounts and such. But, only keep as much as you are willing to LOSE in these traditional accounts. (e.g. don’t keep ALL of our savings in these accounts.) The reason I say this is NOT because of the possibility of bank failures or whatever. Instead, it’s because cash in the bank is losing buying power by roughly 10 percent per year due to inflation. So,… Read more »
prepperjournal
Guest

Thank you for commenting Jack!

Excellent points and descriptions of your options and personal experience. This is worthy of its own post 🙂

Thanks,
Pat

stan
Guest

One of the best online posts I have ever read!

Jamie Strauss
Guest

This is great

Belinda Pate
Guest

This is one of THE BEST and most informative posts I have ever read!

Najma Sadeque
Guest

This is childish. What good does hiding do if the currency is drastically devalued or is declared no longer legal tender (when a new one fresh from the printing presses is brought in) ? Better to convert to precious metals, or a silo full of least-perishable foods that’ll keep for a couple of years while you’re unemployed.
– Najma Sadeque, Pakistan

prepperjournal
Guest

Thank you for the comment Najma,

Yes, I should have more explicitly stated that having all of your “money” (dollars, Euro’s, etc) does you know good if the currency collapses. I should have stated more about storing your “wealth” which as you mention would be better spent in my opinion on precious metals and physical goods that you can keep. Paper money as an investment is too risky as it is and with the current actions in Cyprus and the ongoing actions by our collective banks and governments, the outlook doesn’t look too good.

Pat

C H
Guest
Very wise reply Najma. Food, clothes, medicine, stuff you can barter with. The key secret is hidden. A safe room – even a cave. We began in caves, perhaps we will end up in caves. I keep telling my husband to remove our retirement cash from the banks but he doesn’t see the train coming. He has only one fault – he is stubborn. So, I am buying and storing. I would also say, if you can buy a gun do so, but soon I feel the penalty for owning one and not turning it in will be death. I… Read more »
C H
Guest
Paper money may have little or no value anyway in the near future. The New World Order will simply declare the US Dollar null and void and come up with “The system” via probably a implanted chip one will be required to take. Very good article. I would say, right now, put your money in tangible goods, ie: food, medicine, practical, warm, working / hiking clothes. Pay off your house and car. The day of everyone owning their own big SUV, eating at Wildfire and owning a 3,000 sq ft house with three-four baths is soon drawing to a end.… Read more »
prepperjournal
Guest

Thank you for your comments CH.

I agree completely with you. Paper money is going away the only question is when and you need to have some form of “wealth” that isn’t in the banks.

Pat

Prince Draxx
Guest

If you put cash in a hiding place you will need to make sure you have killed all the bacteria on the bills or you may recover a batch of mildewed paper that is totally worthless.

rapete15
Guest

when you deposit money in a bank, you are effectively giving THEM a loan at a negative interest rate as even a savings does not pay even the rate of inflation. So you are paying the bank to take your money so they can use it and make even more money. Not smart use of personal assets. The greater the rate of inflation its better split assets into combination of buying gold or silver or other hard assets, guns, ammo, anything of low depreciation or assets that can earn income. IE hard assets you can rent out for use.

David LaChance
Guest

What about a gun safe, no one is going to carry it off and I’m sure it is fire and water proof.

Pat Henry
Guest

A gun safe does make a great option for general security but they aren’t foolproof and a determined person can get in there with the right tools and enough time. Safes are the first place a criminal would look for loot, but depending on how much time they have they could overlook it. I was thinking of places they wouldn’t consider.

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[…] When you deposit your money in a bank, they consider your money theirs and you as an uninsured creditor. You are simply loaning them the money, they get to do whatever they please and if they lose your money due to shady business practices, oh well. Too bad. Don’t believe for a second that if something goes south in the world of finance, that you have any guarantee of access to your money. They may open up in a couple of weeks if they are forced to close and only allow you to get out a small amount each… Read more »
trackback
[…] When you deposit your money in a bank, they consider your money theirs and you as an uninsured creditor. You are simply loaning them the money, they get to do whatever they please and if they lose your money due to shady business practices, oh well. Too bad. Don’t believe for a second that if something goes south in the world of finance, that you have any guarantee of access to your money. They may open up in a couple of weeks if they are forced to close and only allow you to get out a small amount each… Read more »
trackback
[…] When you deposit your money in a bank, they consider your money theirs and you as an uninsured creditor. You are simply loaning them the money, they get to do whatever they please and if they lose your money due to shady business practices, oh well. Too bad. Don’t believe for a second that if something goes south in the world of finance, that you have any guarantee of access to your money. They may open up in a couple of weeks if they are forced to close and only allow you to get out a small amount each… Read more »
trackback
[…] When you deposit your money in a bank, they consider your money theirs and you as an uninsured creditor. You are simply loaning them the money, they get to do whatever they please and if they lose your money due to shady business practices, oh well. Too bad. Don’t believe for a second that if something goes south in the world of finance, that you have any guarantee of access to your money. They may open up in a couple of weeks if they are forced to close and only allow you to get out a small amount each… Read more »
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[…] at The Prepper Journal, there is an article about where to hide your money so others can’t find it. Pat recommends hiding your money in places like buried in your backyard, inside your walls, or in […]

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[…] When you deposit your money in a bank, they consider your money theirs and you as an uninsured creditor. You are simply loaning them the money, they get to do whatever they please and if they lose your money due to shady business practices, oh well. Too bad. Don’t believe for a second that if something goes south in the world of finance, that you have any guarantee of access to your money. They may open up in a couple of weeks if they are forced to close and only allow you to get out a small amount each… Read more »
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[…] to cover my monthly expenses. The rest I have either invested in places I will discuss later or hidden where the bankers can’t find it. If the banks decide to take 30% of my funds, or limit ATM withdrawals, I won’t be up a creek […]

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[…] are steps you can take to reduce your risk of exposure though if the financial markets take do end up taking a dive. You can begin to protect yourself so […]

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[…] …. Don’t believe for a second that if something goes south in the world of finance, that you have any guarantee of access to your money. They may open up in a couple of weeks if they are forced to close and only allow you to get out a small amount each week. Don’t let this happen to you. Make sure you have alternate plans for at least some portion of your finances. […]

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[…] a step that’s missed by a lot of preppers (or, many times, they’re doing it wrong and hiding money in obvious places, like underneath the […]

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[…] situation by having a side income, running your own business, stocking up on food and water or even having a surplus of cash would definitely help you to get back on your feet. Is this not better than conventional insurance? […]

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[…] 2. Keep only a minimum balance in your bank for paying bills […]

Sakura
Guest

Four years later and the cash is still strong. Decent article, with the proper amount of paranoia and cynicism.

Mr. Tuhder
Guest

Getting ready to pull 100k from my savings and stash it now. I will no longer be funding the banking system.

Sakura
Guest

Where do you plan to invest or splurge it on? 🙂

lasvegasbrad
Guest

Wow, me too. I just got a nice mint direct roll of 20 walking liberties 1 ounce of the yellow variety. They are so pretty. 6 of those, and you are talking the same money. So while they are sitting in my wall safe….i had the worry that any bad guy would hold a gun to my wife’s head, and then what? Hiding them is the best, but i dont like any of the suggestions.

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[…] their family) through one month of lost income, much less a full-scale disaster. A person should always try to have some kind of emergency reserve. Not having emergency funds doesn’t leave much room for […]

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