Technically, when you deposit money in a bank, the money is owned by the bank, not by the depositor. The depositor has a legal claim on the money, but the bank has title to and ownership of the money.
“Technically, when you deposit money in a bank, the money is owned by the bank, not by the depositor. The depositor has a legal claim on the money, but the bank has title to and ownership of the money.”
Essentially, that’s correct because when you “deposit” money in a bank account, what you are really doing is loaning that money to the bank with a zero or more interest rate paid by the bank to you for the loan, and you become just one more creditor of your bank.