Banks have money but they don't cooperate

MissNonFall9

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Quote from: lixer on June 09, 2024, 03:00:22 AM

Quote from: MissNonFall9 on June 05, 2024, 10:10:03 AM

Quote from: Roggeredek on May 25, 2024, 10:19:23 PM

A bank is an institution, even if there is a lot of money in the bank, it is not the bank's own money, all the money belongs to the common people, because of which the bank cannot always use that money for any purpose even if it wants to. Banks only store people's money.

I certainly respect your opinion. It is very easy for common people to understand that banks are the custodians and carriers of money deposited by common people, and banks cannot do whatever they want with that money because there are many rules and regulations. I certainly respect the rules. But in my country, many cases of bank fraud are often seen. Now there may be a question that bank fraud can happen in the context of my country but not in other countries of the world. In answer I will say that since young entrepreneurs in my country face many problems in raising money for business, I have brought up the issue of bank fraud. So if this aspect can be managed honestly then these new young entrepreneurs will get good benefits and the economic infrastructure of the country will be very strong.

Anything invented by humans has two aspects, benefits and harms. There is nothing free from harm. While banks have their advantages, they also have disadvantages and these cannot be ignored it is also true that if you work honestly, any sector and any place is not that risky, but frauds and frauds are there, especially in banks, I don't know which country you are in. but this fraud has become very common in our country nowadays especially fake calls ATM hacking and bank account hacking due to which many people have lost their money.

Another big problem is the tax on the loans taken from banks. To set up a good business, tax-free loans should be applied, and the security system of banks should be strengthened so that the people's trust in the banks is not lost and it is useful for the people and not the cause of loss of the huge amount of people.

Yes mate it is absolutely right that everything in the world exists like a coin. But based on our needs we have to accept those things which have less harmful side and more benefit or need. Such incidents often happen in my country, from ATM hacking to bank account hacking and even theft of bank money through bank officials. Since nowadays we cannot stay away from the activities of banks if the banking sectors can be made more useful by strengthening security, it will definitely be good for the economy of the country.

lixer

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Quote from: MissNonFall9 on June 05, 2024, 10:10:03 AM

Quote from: Roggeredek on May 25, 2024, 10:19:23 PM

A bank is an institution, even if there is a lot of money in the bank, it is not the bank's own money, all the money belongs to the common people, because of which the bank cannot always use that money for any purpose even if it wants to. Banks only store people's money.

I certainly respect your opinion. It is very easy for common people to understand that banks are the custodians and carriers of money deposited by common people, and banks cannot do whatever they want with that money because there are many rules and regulations. I certainly respect the rules. But in my country, many cases of bank fraud are often seen. Now there may be a question that bank fraud can happen in the context of my country but not in other countries of the world. In answer I will say that since young entrepreneurs in my country face many problems in raising money for business, I have brought up the issue of bank fraud. So if this aspect can be managed honestly then these new young entrepreneurs will get good benefits and the economic infrastructure of the country will be very strong.

Anything invented by humans has two aspects, benefits and harms. There is nothing free from harm. While banks have their advantages, they also have disadvantages and these cannot be ignored it is also true that if you work honestly, any sector and any place is not that risky, but frauds and frauds are there, especially in banks, I don't know which country you are in. but this fraud has become very common in our country nowadays especially fake calls ATM hacking and bank account hacking due to which many people have lost their money.

Another big problem is the tax on the loans taken from banks. To set up a good business, tax-free loans should be applied, and the security system of banks should be strengthened so that the people's trust in the banks is not lost and it is useful for the people and not the cause of loss of the huge amount of people.

Zoomic

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I can recall numbers of times people have walked up to me begging for loans for an unrealistic business. "There's this business idea I'm working on, I know something huge is coming ". The interesting part is that the expectations of these borrowers are in most cases not met. Yea banks have money but this statement alone is not just enough for anyone to lend money to a stranger. Anyone whether fraudulent or not can walk into the bank and lay same claims. Banks are business people, no business man would want to risk his money where he will lose it eventually. You should be able to convince the bank with a good business plan and a collateral to back it up or you sell off your properties so you can raise money to invest since you are so sure the business will yield huge returns.

While you are bothered about the banks being stingy, I am concerned about you and many others taking loans to invest in things that gives no 100% guarantee. Banks ain't granting that loan because they do not see good potentials in your investment plan. You too, be sure of your investment plan so you do not get yourself in serious debts.

Kavelj22

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Quote from: CageMabok on June 08, 2024, 11:45:17 AM

Quote from: angrybirdy on June 06, 2024, 04:23:10 AM

On point, sometimes no matter how emergency the situation is, it is still possible that the requests are denied, so you should always have a back up plan. One of the things I noticed, if you are a credit card user and you have a good credit history with them, they quickly approve a bank loan or cash advance loan, especially if you have documents to submit as collateral, but if no, let's not expect to be approved because even if we say it's a bank, they follow processes and there's also a background check that's done for safety purposes.

The bank is a party that is very careful in checking every document from its customers and also from people who want to lend them money. So it is not wrong for them to do this before they give a loan in the form of money to anyone and those who have the most potential to give it are people who have an unproblematic credit history and people who have the best assets as collateral. But if, for example, I myself needed money, I wouldn't immediately approach the bank because that wouldn't make it easier for me to get out of the debt they owed me through a loan. So I will look for other ways to get money to solve the problems I face.

Although borrowing from banks is considered one of the worst options, the entire financial system is designed so that there are not multiple options for obtaining a loan with reasonable interest. Even lending institutions operate on the same mechanism as banks and do not bear any risk with the borrower, especially with regard to investment loans.
Almost all banking institutions in all countries of the world operate according to this system, and therefore it is logical that these institutions support policies that fight any change that might happen to affect their privileges. We know that the major banks control government policies and operate according to systems that make it difficult for any country to bear the collapse of any of them. Therefore, it is not surprising that there are any calls to change this system or at least amend it after it has been proven that it mainly serves the interests of banks and not individuals.

Roggeredek

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Banks work on the basis of fulfilling their needs if the bank does not make a profit they will never benefit the customer. It is not a charitable organization that will help anyone for free banks will give more opportunities to those who will get more profit. Because bank officials also give more importance to shareholders as owners interest of depositors is not their priority.

Mate2237

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Bank is a business institution and not a charity organization so if you want to take cash in the bank, you have to follow the procedures and those procedures will not guaranteed you to collect the money. And your friend has to meet of the criteria of the bank to take the money. Since you are talking about investment with the money then, your friend needs to present a collateral for them to give the money that he requested so that if in case he could not pay back the money then they will seize the asset.

And as I said Bank is not guaranteed place to get loan even though they have the money because they also check the time frame of the loan if it will be favourable for them for the transaction.

CageMabok

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Quote from: angrybirdy on June 06, 2024, 04:23:10 AM

On point, sometimes no matter how emergency the situation is, it is still possible that the requests are denied, so you should always have a back up plan. One of the things I noticed, if you are a credit card user and you have a good credit history with them, they quickly approve a bank loan or cash advance loan, especially if you have documents to submit as collateral, but if no, let's not expect to be approved because even if we say it's a bank, they follow processes and there's also a background check that's done for safety purposes.

The bank is a party that is very careful in checking every document from its customers and also from people who want to lend them money. So it is not wrong for them to do this before they give a loan in the form of money to anyone and those who have the most potential to give it are people who have an unproblematic credit history and people who have the best assets as collateral. But if, for example, I myself needed money, I wouldn't immediately approach the bank because that wouldn't make it easier for me to get out of the debt they owed me through a loan. So I will look for other ways to get money to solve the problems I face.

iBaba

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Quote from: Reatim on May 25, 2024, 06:29:52 PM

Quote from: Casdinyard on May 13, 2024, 08:42:53 AM

First off, the bank has no business letting everyone who asks out a loan from them in.

If they did let everyone borrow money from them, they will be in debt. Not everyone with good ideas gets to be successful with it. The banks need to pick their battles wisely. They need to make profit too after all.

Banks are also into the business to make profit and not lost so whenever you have a transaction to do with them, while they work hard to get you satisfied as a customer, they work towards their journey to profit making. This also means that whenever you as a customer is not favoring them, they adjust their services in a reduced manner to fit into your value in their business. So if they allow everyone to lend money from them without the intention of paying back with interest and if they can't tie those borrowing of money to collaterals, then they cannot make profits and will end up bankrupt.

Quote

They don't cooperate because they don't want to. Quit crying about it and find other ways, besides, why invest money you can't afford to lose in the first place?

Spending money your hand has not touched is probably the most dangerous thing you can do. If you keep thinking you have money without actually having one and spending it, you will soon find yourself broke and in debt.

Any money that is not accessible by you is not truly your money even if you're told it is. So, you should not reinvest money that cannot be spent because that's practically not your asset.

MissNonFall9

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Quote from: kentrolla on June 02, 2024, 03:34:39 AM

Quote from: MissNonFall9 on June 02, 2024, 01:16:12 AM

Quote from: Fara Chan on May 25, 2024, 09:46:13 PM

Quote from: MissNonFall9 on May 22, 2024, 09:13:20 PM

To get a loan from a bank, the presence of any property such as a land fixed deposit or financial collateral is required. Because the bank will give its loan in such a place that it is sure to collect or recover its money. If the transactions in the bank are not good then they investigate everything very carefully and if the guarantor is not able to pay the bank will not give the loan. And to the bank the value of money is more than the knowledge of customers.

Banks make money by providing loans to customers who need money to open a business or to customers who are already running a business in their lives. This means that banks do not carelessly lend money to anyone if that person does not have the conditions desired by the bank. So those who want to borrow money from the bank actually have to be aware of this so that they don't experience complicated problems in the end when the loan payment bill is not covered on time by the customer who lent it.

Every businessman or every person in the world wants to earn money by staying in a safe place. In that sense banks provide money to those who can manage money and lend to businessmen who are running businesses and repaying their loans on time. I have seen people who have no other business and are going to start a new business face various hurdles to collect loans from any bank. This aspect must be kept in mind and all these budding entrepreneurs should be given opportunities by providing loans in a simplified manner.

Banks cannot provide loans to all the budding entrepreneurs without collateral hence there are some schemes launched by banks in coordination with the government to help these start ups and in my country there are some special incubator programs to develop these start up to help them convert their idea to viable business model. I think bank cannot provide loan for everyone since they don't own as the loan loan you get might be saving or FD of some other person.

It is right that banks provide loans to customers from one's savings or FD, not from own money. It is their job to collect deposits from borrowers and pay them back to those who need loans. But the combination of banks with the government to form schemes to support new businessmen or entrepreneurs, the incubator program is definitely commendable.

angrybirdy

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Quote from: rodskee on June 06, 2024, 12:07:11 AM

Quote from: Fullbear2222 on May 13, 2024, 06:47:01 AM

The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ?

Where did you find that banks has obligation for your friends demand? even how good your friends are in that knowledge
in GOld and Bitcoin yet its their rights to deny any single loan that we are asking , like me I have been denied in my emergency
load but nothing that i feld bad because its their discretion to accept nor deny the loan , and besides do your friend provide
valid collateral ? because if not then you and your friend has no right to question or blame the bank for this denial , and besides
your friend should have plan b and plan c for his investing plans not just banks , and another thing is that why do bank need to
trust Him when even you as a friend and his family have not providing funds for his investment why would bank do this?

On point, sometimes no matter how emergency the situation is, it is still possible that the requests are denied, so you should always have a back up plan. One of the things I noticed, if you are a credit card user and you have a good credit history with them, they quickly approve a bank loan or cash advance loan, especially if you have documents to submit as collateral, but if no, let's not expect to be approved because even if we say it's a bank, they follow processes and there's also a background check that's done for safety purposes.

Iranus

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Quote from: Fortify on June 05, 2024, 01:03:44 PM

Quote from: Fullbear2222 on May 13, 2024, 06:47:01 AM

The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ?

You seem to think that banks are there to supply endless amounts of money for whatever frivolous ideas you or your friends dream up. They are not, they are businesses that have often been around hundreds of years and see many terrible ideas fail in that time. Your friend had no idea of the direction of gold or bitcoin, which meant the bank could not properly assess it either, so if you want to take extremely high risk gambles then you need to front your own money and not try to risk someone else's. Banks often rely on collateral as well, so your friend clearly did not have anything of value that the bank could redeem if the high risk gamble went wrong. This is the world of business and you apparently have a lot to learn.

Let's not talk about banks, let's take the OP himself as an example. If some stranger came to him and said that they had a unique business idea and could become rich thanks to it. I bet the OP will be suspicious and refuse immediately, even calling the other guy crazy for his stupid idea.
Meanwhile, banks are business organizations, not charities, so they have no obligation to provide free money to someone just because they have a business idea.
I really don't know what OP is thinking when he can say these things, these words make me think of OP as a child learning about this world rather than an adult.

rodskee

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Quote from: Fullbear2222 on May 13, 2024, 06:47:01 AM

The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ?

Where did you find that banks has obligation for your friends demand? even how good your friends are in that knowledge
in GOld and Bitcoin yet its their rights to deny any single loan that we are asking , like me I have been denied in my emergency
load but nothing that i feld bad because its their discretion to accept nor deny the loan , and besides do your friend provide
valid collateral ? because if not then you and your friend has no right to question or blame the bank for this denial , and besides
your friend should have plan b and plan c for his investing plans not just banks , and another thing is that why do bank need to
trust Him when even you as a friend and his family have not providing funds for his investment why would bank do this?

fauzan Ichsan

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Quote from: Fortify on June 05, 2024, 01:03:44 PM

Quote from: Fullbear2222 on May 13, 2024, 06:47:01 AM

The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ?

You seem to think that banks are there to supply endless amounts of money for whatever frivolous ideas you or your friends dream up. They are not, they are businesses that have often been around hundreds of years and see many terrible ideas fail in that time. Your friend had no idea of the direction of gold or bitcoin, which meant the bank could not properly assess it either, so if you want to take extremely high risk gambles then you need to front your own money and not try to risk someone else's. Banks often rely on collateral as well, so your friend clearly did not have anything of value that the bank could redeem if the high risk gamble went wrong. This is the world of business and you apparently have a lot to learn.

It is true that banks also do business, collecting money from customers, lending it against collateral, and collecting greater interest than we save. It's not easy to borrow from a bank, of course there are criteria that are applied to disbursing funds, they also consider the risks, even the worst risks they have prepared, and all of this is purely business, and inside the bank it's not as beautiful as we imagine, of course they have targets to be achieved

Lantind

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Quote from: 0t3p0t on June 02, 2024, 03:40:12 AM

This is the reason why I don't personally like banks because of these reasons one, you put money on them but you can't take it all out at once especially huge amount. Second is that they don't lend you money without collaterals so it is not friendly for poor people. Third, they will interogate and need to know the reasons of every transactions you have just to approve it, I mean you have the money on them but you don't have full control of it because they do. That is why crypto is the best coz your key your crypto no bs.

I agree with the reasons you mentioned for saving money in the bank, of course this will make it difficult for us if we want to withdraw the money we have in large amounts, there are many requirements given and we have to fulfill them if we really want to withdraw the money we have in large amounts and if we If you can't fulfill it, of course you won't be able to take the money even though the money we are going to withdraw is our own, but the bank has full control over the money we deposit with the bank, in this case they are the ones who get more profit from the money we have, because they They use the money we have to lend to their customers who need loans and they get a lot of profit from that.

If you choose to use crypto as a place to save, of course you have to study it first and after understanding it well, we can use it as a place to save the assets we have, but we also still need a bank for emergency savings so we can use it when we need funds. because with crypto we cannot yet use these assets as a means of payment and must first convert them to money to be able to use them.

Fortify

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Quote from: Fullbear2222 on May 13, 2024, 06:47:01 AM

The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ?

You seem to think that banks are there to supply endless amounts of money for whatever frivolous ideas you or your friends dream up. They are not, they are businesses that have often been around hundreds of years and see many terrible ideas fail in that time. Your friend had no idea of the direction of gold or bitcoin, which meant the bank could not properly assess it either, so if you want to take extremely high risk gambles then you need to front your own money and not try to risk someone else's. Banks often rely on collateral as well, so your friend clearly did not have anything of value that the bank could redeem if the high risk gamble went wrong. This is the world of business and you apparently have a lot to learn.

MissNonFall9

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Quote from: Roggeredek on May 25, 2024, 10:19:23 PM

Quote from: MissNonFall9 on May 22, 2024, 09:13:20 PM

To get a loan from a bank, the presence of any property such as a land fixed deposit or financial collateral is required. Because the bank will give its loan in such a place that it is sure to collect or recover its money. If the transactions in the bank are not good then they investigate everything very carefully and if the guarantor is not able to pay the bank will not give the loan. And to the bank the value of money is more than the knowledge of customers.

A bank is an institution, even if there is a lot of money in the bank, it is not the bank's own money, all the money belongs to the common people, because of which the bank cannot always use that money for any purpose even if it wants to. Banks only store people's money.

I certainly respect your opinion. It is very easy for common people to understand that banks are the custodians and carriers of money deposited by common people, and banks cannot do whatever they want with that money because there are many rules and regulations. I certainly respect the rules. But in my country, many cases of bank fraud are often seen. Now there may be a question that bank fraud can happen in the context of my country but not in other countries of the world. In answer I will say that since young entrepreneurs in my country face many problems in raising money for business, I have brought up the issue of bank fraud. So if this aspect can be managed honestly then these new young entrepreneurs will get good benefits and the economic infrastructure of the country will be very strong.

AnonBitCoiner

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Quote from: Roggeredek on May 25, 2024, 10:19:23 PM

A bank is an institution, even if there is a lot of money in the bank, it is not the bank's own money, all the money belongs to the common people, because of which the bank cannot always use that money for any purpose even if it wants to. Banks only store people's money.

A bank has money but that money is not the money of a bank which can be utilized for the welfare of people but it is the amount which belongs to the individuals of a city in the form of salary or the invested amount.

The bank is a secure place to store your money so if someone wants money then he can take it out anytime according to his needs. It is not possible to take out your money if you don't have to put money into the bank or you are not getting a salary from a regular job.

0t3p0t

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This is the reason why I don't personally like banks because of these reasons one, you put money on them but you can't take it all out at once especially huge amount. Second is that they don't lend you money without collaterals so it is not friendly for poor people. Third, they will interogate and need to know the reasons of every transactions you have just to approve it, I mean you have the money on them but you don't have full control of it because they do. That is why crypto is the best coz your key your crypto no bs.

kentrolla

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Quote from: MissNonFall9 on June 02, 2024, 01:16:12 AM

Quote from: Fara Chan on May 25, 2024, 09:46:13 PM

Quote from: MissNonFall9 on May 22, 2024, 09:13:20 PM

To get a loan from a bank, the presence of any property such as a land fixed deposit or financial collateral is required. Because the bank will give its loan in such a place that it is sure to collect or recover its money. If the transactions in the bank are not good then they investigate everything very carefully and if the guarantor is not able to pay the bank will not give the loan. And to the bank the value of money is more than the knowledge of customers.

Banks make money by providing loans to customers who need money to open a business or to customers who are already running a business in their lives. This means that banks do not carelessly lend money to anyone if that person does not have the conditions desired by the bank. So those who want to borrow money from the bank actually have to be aware of this so that they don't experience complicated problems in the end when the loan payment bill is not covered on time by the customer who lent it.

Every businessman or every person in the world wants to earn money by staying in a safe place. In that sense banks provide money to those who can manage money and lend to businessmen who are running businesses and repaying their loans on time. I have seen people who have no other business and are going to start a new business face various hurdles to collect loans from any bank. This aspect must be kept in mind and all these budding entrepreneurs should be given opportunities by providing loans in a simplified manner.

Banks cannot provide loans to all the budding entrepreneurs without collateral hence there are some schemes launched by banks in coordination with the government to help these start ups and in my country there are some special incubator programs to develop these start up to help them convert their idea to viable business model. I think bank cannot provide loan for everyone since they don't own as the loan loan you get might be saving or FD of some other person.

MissNonFall9

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Quote from: Fara Chan on May 25, 2024, 09:46:13 PM

Quote from: MissNonFall9 on May 22, 2024, 09:13:20 PM

To get a loan from a bank, the presence of any property such as a land fixed deposit or financial collateral is required. Because the bank will give its loan in such a place that it is sure to collect or recover its money. If the transactions in the bank are not good then they investigate everything very carefully and if the guarantor is not able to pay the bank will not give the loan. And to the bank the value of money is more than the knowledge of customers.

Banks make money by providing loans to customers who need money to open a business or to customers who are already running a business in their lives. This means that banks do not carelessly lend money to anyone if that person does not have the conditions desired by the bank. So those who want to borrow money from the bank actually have to be aware of this so that they don't experience complicated problems in the end when the loan payment bill is not covered on time by the customer who lent it.

Every businessman or every person in the world wants to earn money by staying in a safe place. In that sense banks provide money to those who can manage money and lend to businessmen who are running businesses and repaying their loans on time. I have seen people who have no other business and are going to start a new business face various hurdles to collect loans from any bank. This aspect must be kept in mind and all these budding entrepreneurs should be given opportunities by providing loans in a simplified manner.

Topic: Banks have money but they don't cooperate (Read 605 times)