Banks are a business and they have to make a profit to pay their employees. It becomes a problem when they misuse the system to create "money" from thin air. (Fractional reserve banking)
The government are actually the real problem, because Reserve Banks determine the interest rate that are applied to loans and Bonds. (Governments use interest rates to manipulate the economy and to balance their books)
Banks are just the tool..
Topic: If Banks make money out of loans then they should reward those who borrow - page 2. (Read 769 times)
February 07, 2024, 01:33:07 AM
February 07, 2024, 12:53:17 AM
I can see where you're going at with that statement but think about this, if you've got a million customer and you will give them all 100 dollars as a reward for borrowing, the 100 could be in any form but the point I'm trying to make is that you're going to be spending 100m USD for them, which isn't a bad thing but it can be optimized so there's no system abuse like only giving rewards for loyal customers, now that's going to be much better because you don't have to spend a lot to reward and no abuse can happen.
February 07, 2024, 12:19:47 AM
So, the borrower gets rewarded? Then, is it the depositors who have to bear that reward? Or should the bank, as a third party, bear that reward? Actually, the one who benefits here is the borrower. If they don't like how banks make money, they'd better not borrow from them.
Someone who feels helped but still asks for additional rewards and doesn't want to pay interest? It's better to save on your own by creating your own bank.
We know, their ways can be tricky, but they've got the loan market under their control. Instead of fighting with our small capacity, it's better to play along with their game.
Just think, there are still lots of people who will borrow money from banks, even if you stop using banking services.
Someone who feels helped but still asks for additional rewards and doesn't want to pay interest? It's better to save on your own by creating your own bank.
We know, their ways can be tricky, but they've got the loan market under their control. Instead of fighting with our small capacity, it's better to play along with their game.
So i closed my bank and full crypto and Im happy so many people do the Same now becouse everybody Understood that money comes from the debt so more we take debt more money created so i should get rewards for taking debt then If not Im out of financial system not just me a lot more people becouse the system made us victims.
I don't care about this attitude. If I do what you're provoking me to do, I won't be able to pay my monthly bills, I won't afford my installments, and I won't be able to enjoy vacations in my own country. Crypto transactions can't be done here. And the cashless culture has to go through banks.Just think, there are still lots of people who will borrow money from banks, even if you stop using banking services.
February 06, 2024, 08:34:13 AM
While I do agree that the banking system is quite unfair and incorrectly implemented, we can not just deny how some people were also helped by banks
The direct act of borrowing is the reward in itself you can never take out a loan from somewhere else if your bank did not deem you as a qualified person for loans of course their interest rates are so high well that is their profit
Anyway these days e-wallets are now much preferred because unlike in banks you have full control of the money you have put in
if we think about the customer and the bank, both can be equally profitable, because the bank has given us a loan and they also have to make a profit from the loan, namely the interest they have set, and the bank only gives gifts to people who have saved because from there the bank can get capital to give to borrowers, even though we currently have an electronic wallet, we need capital to activate the wallet and there we can only save and the current loan system does not apply to electronic wallets, so banks are still the main priority that we have to use. The direct act of borrowing is the reward in itself you can never take out a loan from somewhere else if your bank did not deem you as a qualified person for loans of course their interest rates are so high well that is their profit
Anyway these days e-wallets are now much preferred because unlike in banks you have full control of the money you have put in
February 06, 2024, 07:12:42 AM
Conventional Banking System customers are already deprived. They had no way out of that mess. But since the advent of Bitcoin, people have got a chance to get out of that trap. Now they can be said to be financially independent.
There goes the analogy of how a bank can normally charge more money from a customer. They try get much more form the client's pocket by lending. Consumers also have nothing to do but after acquiring bitcoin power, consumers are able to understand them. It can be said that Bitcoin has now become stable in financial transactions with maximum benefits to the users.
No matter what, we will have to accept the fact that Bitcoin cannot be used as a bank just yet despite it providing us with the ability to keep and manage our finances. There are a lot of other things that we need to do and we will still need to use conventional banks for those purposes.There goes the analogy of how a bank can normally charge more money from a customer. They try get much more form the client's pocket by lending. Consumers also have nothing to do but after acquiring bitcoin power, consumers are able to understand them. It can be said that Bitcoin has now become stable in financial transactions with maximum benefits to the users.
The biggest reason for that is that we can't use Bitcoin and Bitcoin wallets for payments everywhere in the world, so we are compelled to first exchange our Bitcoins for our local currency, receive the money in our bank, and then withdraw through the banking channels so that we can use the money for our needs.
When we talk about loans, though they ask for a lot of requirements and paper work and stuff, conventional banks does provide us with loans charging us a lot of interest but we at least get the funds we need either for personal or business use cases.
February 04, 2024, 06:01:06 AM
This doesn't just talk about the price but how they try to appreciate consumers by giving them gifts even though the price is not much. The ones who benefit are still the state because they are the ones who manage it and other benefits are that entrepreneurs can use their services to transact between countries in the business they are involved in. As I said before and if the use of banks is for the smooth running of business it is not a problem and the most inappropriate thing is to keep all the money we have in their place/bank.
If we talk about revolution, the previous people had done the traditional way and they didn't use banking services but instead bought gold and land tas a replacement. Now the era has changed where most of us prefer to buy bitcoin to save as an investment asset. The development of the times provides many choices and it all depends on how someone takes advantage of the opportunities that exist.
Bank already appreciated their costumer by giving gift and reward but only for the user have or saving much money in the bank, seems all bank around the world adopted with this system earn money from the loan but less appreciated with their costumer about how much profitable earn and has enough fair for distributing to their user. Actually not all user are agreement for receiving the gift due some people only take benefit when holding or saving their money in the bank has more security than holding the money by own self. If we talk about revolution, the previous people had done the traditional way and they didn't use banking services but instead bought gold and land tas a replacement. Now the era has changed where most of us prefer to buy bitcoin to save as an investment asset. The development of the times provides many choices and it all depends on how someone takes advantage of the opportunities that exist.
There are not difference kinds of assets saving, seems the same when saving the gold the place of saving service will take benefit with our assets to be as profitable and loan to the other. During our money keep safety and already whenever we want to withdraw actually not problem yet with Bank take benefit with our money holding in the bank.
February 04, 2024, 03:08:42 AM
Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
If you are the way how the banks make their money, then they can't reward you for that. The banks rely on a largen number of people and companies needing more money today than they have. It doesn't really matter if you need the money for buying a house, some consumer financing, a student loan, etc. As long as you pay the high interest rates each month you are a great customer for the bank and they are happy to keep you. But this is not going to lead to any reward, except that our credit rating will fall. It's hard to learn how to become financial responsible and only use the money that we have. Especially when things like buying our own property becomes almost impossible without using debt. Crypto currencies might be an alternative on how we are investing our money, and how we make payments and transaction online. But right now, I don't see the crypto world taking over the huge demand for loans. At least in my country there quite a lot of people that rely heavily on borrowing money and will not change any time soon. Having the newest cell phone, the newest car and the best clothes is very important for some people, and they are willing to pay back loans for years to have those things.
January 31, 2024, 11:11:31 PM
Conventional Banking System customers are already deprived. They had no way out of that mess. But since the advent of Bitcoin, people have got a chance to get out of that trap. Now they can be said to be financially independent.
There goes the analogy of how a bank can normally charge more money from a customer. They try get much more form the client's pocket by lending. Consumers also have nothing to do but after acquiring bitcoin power, consumers are able to understand them. It can be said that Bitcoin has now become stable in financial transactions with maximum benefits to the users.
There goes the analogy of how a bank can normally charge more money from a customer. They try get much more form the client's pocket by lending. Consumers also have nothing to do but after acquiring bitcoin power, consumers are able to understand them. It can be said that Bitcoin has now become stable in financial transactions with maximum benefits to the users.
January 31, 2024, 09:19:33 PM
They offer electronics, motorcycles, and vehicles as carrots, but what are the true costs? People, it's not about the awards. It has to do with control. They are in charge, setting terms and depleting resources. Yes, the state supports them with laws in place, but who gains? Not your typical Joe, I assure you
We are not shackled to this antiquated framework. We have the power of choice. Let's talk about Bitcoin. It's a revolution, not merely a substitute. Peer-to-peer and decentralized, it is not bound by conventional banks. It's about accepting a future in which we are in charge of our finances, not about sidestepping the system. Listen up, entrepreneurs! Bitcoin is your pass to financial sovereignty—it's not simply an option. Take the whole loaf, please, rather than just the bread crumbs
This doesn't just talk about the price but how they try to appreciate consumers by giving them gifts even though the price is not much. The ones who benefit are still the state because they are the ones who manage it and other benefits are that entrepreneurs can use their services to transact between countries in the business they are involved in. As I said before and if the use of banks is for the smooth running of business it is not a problem and the most inappropriate thing is to keep all the money we have in their place/bank.We are not shackled to this antiquated framework. We have the power of choice. Let's talk about Bitcoin. It's a revolution, not merely a substitute. Peer-to-peer and decentralized, it is not bound by conventional banks. It's about accepting a future in which we are in charge of our finances, not about sidestepping the system. Listen up, entrepreneurs! Bitcoin is your pass to financial sovereignty—it's not simply an option. Take the whole loaf, please, rather than just the bread crumbs
If we talk about revolution, the previous people had done the traditional way and they didn't use banking services but instead bought gold and land tas a replacement. Now the era has changed where most of us prefer to buy bitcoin to save as an investment asset. The development of the times provides many choices and it all depends on how someone takes advantage of the opportunities that exist.
January 31, 2024, 09:51:59 AM
If Banks make money out of loans then they should reward those who borrow
What rewards do you mean, don't banks give free prizes to their customers such as cars, vehicles, gold, money/balances and even the smallest rewards, so what do you mean about rewards.You need to know that banks are sadistic, if you don't have an urgent need, don't ever deal with banks, many people are miserable because of bank loans, My understanding is that the bank does not choose 1-2 people to give rewards, they openly make a lottery to take home to their customers, I think they have given rewards to their customers.
January 31, 2024, 09:29:07 AM
Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
All of us may be victims of the banking system, but they are not cheating because the state guarantees the continuity of the system with regulations. The view about fraud is only the way they manage it and they suck all the blood of the people who are connected to the system. You know what prizes they give to customers who save money in the bank and it's nothing more than electronic products, motorbikes or cars and for the prize category it just depends on how much you save in the specified period.My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
Everyone does not need to follow the banking system if they think it is not good and not profitable because someone has the right to choose a path that can provide productivity with the money they have. However, business people or some entrepreneurs still need this system to support the business they run and banks are the delivery medium that they still need now.
We are not shackled to this antiquated framework. We have the power of choice. Let's talk about Bitcoin. It's a revolution, not merely a substitute. Peer-to-peer and decentralized, it is not bound by conventional banks. It's about accepting a future in which we are in charge of our finances, not about sidestepping the system. Listen up, entrepreneurs! Bitcoin is your pass to financial sovereignty—it's not simply an option. Take the whole loaf, please, rather than just the bread crumbs
January 30, 2024, 09:34:54 PM
Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
All of us may be victims of the banking system, but they are not cheating because the state guarantees the continuity of the system with regulations. The view about fraud is only the way they manage it and they suck all the blood of the people who are connected to the system. You know what prizes they give to customers who save money in the bank and it's nothing more than electronic products, motorbikes or cars and for the prize category it just depends on how much you save in the specified period.My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
Everyone does not need to follow the banking system if they think it is not good and not profitable because someone has the right to choose a path that can provide productivity with the money they have. However, business people or some entrepreneurs still need this system to support the business they run and banks are the delivery medium that they still need now.
January 30, 2024, 05:46:07 PM
The reward that they're giving to their borrowers is the idea that they can borrow easily next time. And that's the type of perks that many people likes and when they've been handed over the money that they've taken as a loan, they feel like that they've been treated like a boss entering to the bank and treated like specially. Well, that's the system and it cannot be changed because that's how the business works and while there can be a psychological impact and flaunt that you're treated well by the bank, it just makes you wanna take more loans from them.
January 30, 2024, 05:44:20 PM
There are lots of things you need to know and understand carefully before you takes law into your hands, at first bank didn't asked you to come borrow and even if you borrow you must remits your loan to bank and by the way those money they loan to you is also someone else savings which they put in savings account or anything other account that such money won't be needed anytime soon and they can use it to run a business for themselves and gives the owner of those funds some percentage which I can't give exact ratio.
On a norm bank has been existing for several years and cryptocurrency and bitcoin at large doesn't come to compete with bank or even to chase bank away it's us the user who is now seeing bank as an anti finance or people who are milking their customers hence they prefer going into crypto. Have you forgotten that without bank crypto won't exist today?
Yes I mean it, bank and crypto works together because you can't Cash out without going through bank and of which you have an account with any bank enable you covert your holdings to dollars or local currency before you could be able to spend, you can get ride of with bank if cryptocurrency has been legally adopted as legal tender which can be used for exchange of services and goods.
On a norm bank has been existing for several years and cryptocurrency and bitcoin at large doesn't come to compete with bank or even to chase bank away it's us the user who is now seeing bank as an anti finance or people who are milking their customers hence they prefer going into crypto. Have you forgotten that without bank crypto won't exist today?
Yes I mean it, bank and crypto works together because you can't Cash out without going through bank and of which you have an account with any bank enable you covert your holdings to dollars or local currency before you could be able to spend, you can get ride of with bank if cryptocurrency has been legally adopted as legal tender which can be used for exchange of services and goods.
January 30, 2024, 05:40:04 PM
While I do agree that the banking system is quite unfair and incorrectly implemented, we can not just deny how some people were also helped by banks
The direct act of borrowing is the reward in itself you can never take out a loan from somewhere else if your bank did not deem you as a qualified person for loans of course their interest rates are so high well that is their profit
Anyway these days e-wallets are now much preferred because unlike in banks you have full control of the money you have put in
The direct act of borrowing is the reward in itself you can never take out a loan from somewhere else if your bank did not deem you as a qualified person for loans of course their interest rates are so high well that is their profit
Anyway these days e-wallets are now much preferred because unlike in banks you have full control of the money you have put in
January 30, 2024, 05:32:37 PM
the majority of those who provide income from the bank are entrepreneurs who borrow money to develop their business. and the loan is a large nominal, the second is that the property world also absorbs many customers and the nominal is large. while those for consumptive usually mostly become bad credit this mean incraese NPL nonperformingloan
January 30, 2024, 05:20:11 PM
You've got a point about credit card rewards – they do sweeten the deal a bit! It's true, the whole idea of rewarding borrowers is a bit of a tricky balance.
Why is it so complicated? Meanwhile, the borrowers have provided everything necessary to those who want to provide loans through correct procedures and not out of compulsion. Borrowers who are willing to pay on time need to be rewarded very well because they do not break any rules, but borrowers who always look for excuses to pay late clearly do not need to be rewarded because they may have bad intentions after successfully borrowing from any party.
January 30, 2024, 03:50:05 PM
Logically, they should reward their loyal borrowers, but if they start to reward borrowers, the throve of borrowers will increase, thus, making these banks loose more than they make to people who can't payback the loans.
One way I know they reward borrowers is to give free coupons and reduced interest rates for early repayment. It only gets better with more borrowing and repayment as one's limit increases and options for longer repayment periods become available.
One way I know they reward borrowers is to give free coupons and reduced interest rates for early repayment. It only gets better with more borrowing and repayment as one's limit increases and options for longer repayment periods become available.
The only way bank can reward those who borrow is by reducing the interest rate for their customers just like my mate here has said it,I totally agree to that.
But why would banks even think of rewarding their customers that borrow from them?I usually tell myself that bankers are thieves.I really believe they are thieves because they take advantage of the same poor people that patronize them.They loan money to poor people,and expect them to pay back with huge interest rate meanwhile they take or borrow our money that we deposit into our back accounts and loan to people without any interest given to us isn't that cheating,well they will say it's not part of the banking ethics and professionalism.Its so complicated and unethical and there ain't any reward coming from banks.
January 30, 2024, 05:57:47 AM
You've got a point about credit card rewards – they do sweeten the deal a bit! It's true, the whole idea of rewarding borrowers is a bit of a tricky balance.
Why is it so complicated? Meanwhile, the borrowers have provided everything necessary to those who want to provide loans through correct procedures and not out of compulsion. Borrowers who are willing to pay on time need to be rewarded very well because they do not break any rules, but borrowers who always look for excuses to pay late clearly do not need to be rewarded because they may have bad intentions after successfully borrowing from any party. January 30, 2024, 05:54:19 AM
This idea is successfully implemented on social media like twitter, youtube etc, But the governments are reluctant to apply the same. They want to treat us like money making machine for them and they have been doing so for so long. And no matter what the public thinks, they are not going to change their rules
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