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Why most bank robberies are on Fridays

If you are really worried about being in a bank during a robbery, it would be a good idea to avoid going to the bank on Friday mornings between 9 a.m. and 11 a.m.

According to the FBI, more bank robberies happen on Fridays than any other day, and the most popular time for banks to be robbed is between 9 a.m. and 11 a.m.

"Banks used to have more money on Fridays because, historically, it was payday. It's probably still a perception, but it's not necessarily true today," says FBI agent Ken Neu.

"As for 9 a.m. to 11 a.m., it's the beginning of the banking day, and it's perceived that there's still a lot of money in the bank as opposed to the end of the day in terms of hard cash. Again, probably more a perception than a reality."

You might want to consider using a bank branch that's located in a supermarket.

"There was some concern about putting banks in supermarkets," Neu says. "The thinking was they might be more vulnerable, but they seem less vulnerable. They'd have to take over a supermarket to get control, and it might not be as easy as taking over a bank branch.

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"Also, the supermarkets don't want the liability, so some of the security measures installed are more expensive and higher quality, although that's not universal."

Here are some bank robbery statistics for 2000 compiled by the FBI.

Occurrences by day of week and time of day
Monday
1,423
Tuesday
1,354
Wednesday
1,293
Thursday
1,236
Friday
1,634
Saturday
473
Sunday
88
Not determined
45
6-9 a.m.
244
9-11 a.m.
2,026
11 a.m. - 1 p.m.
1,720
1-3 p.m.
1,638

3-6 p.m.

1,468

6 p.m. - 6 a.m.

418
Not determined
32

 

Type of financial institution office
Main office
410
Branch office
7,003
Remote facility/other
133

 

Location of financial institution office
Commercial district
4,901
Shopping center
1,821
Residential
522
Other location
302

 

Community type
Metropolitan
3,989
Suburban
1,346
Small city/town
2,032
Rural
179

 

Institutional areas involved
Counter
6,845
Vault/safe
454
Safe deposit
27
Office
274
Drive-in/Walk-up
131

 

Modus Operandi
Demand note
3,782
Firearm
2,145
Other weapon
132
Weapon threatened
91
Explosive device used or threatened
302
Oral demand
4,068
Vault or safe theft
94
Depository trap device
9
Till theft
152

-- Posted: June 7, 2002

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See Also
Open on Sunday? Bank on it
Just what are bankers' hours?
More banking stories

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