JUST TRANSFERED 20K USD AND BANK CHARGED ME $700 !!!! - page 2.

goldade

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The Standard Protocol - Solving Inflation

Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

This is why bitcoin will eventually make the bank outdated on the long run. How can the bank charge $700 over a single transaction. If such transactions had been made ij bitcoin, the highest amount of transaction fee you will be charged will still be below $25.
It's hightime bitcoin became the global currency it's meant to be.

Lamisa asfiya

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Activity: 242

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This right here is the reason why satoshi nakamoto has logo bitcoins. Because the banks can charge big amount for transfers fees and especially if its international transfers. so no need for translation when you transfer. This makes it very easier and more powerfull secure.

Psychee

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I advise you to invest money in Socratus because it guarantees the protection that in the future will bring you income and not only income and there are still steep bonuses

tegarp90

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Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

Wow that's huge amount dude, did the bank side ask you first that you will pay $700 as payment administration fee ?
If they aren't, it's a robbery.
The world is need to know and spread bitcoin to the world and make it global currency !

jpespa

member

Activity: 294

Merit: 17

I don't even see any reason why the charge is so overpriced that's why sometimes I see banks as opportunists. People trust the bank with their money but these bank charges overprice service to their customers.

walemil

full member

Activity: 448

Merit: 100

Bank can be extremely frustrating, imagine bank making as much as $700 on a single transaction. Cryptocurrency is the liberator and I am sure it will rescue us from this cheat as we will be able to transfer fund to any part of the world at a minimal cost.

1C6fV5DtakfKANLJ8GUV7hCaA

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Crypto Marketer For Whales

Banks are the biggest scams in the entire history. No matter how you look at it, they scam you in every way. Cryptocurrency is indeed the solution to end their scamming feats.

gtx1060aa

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Activity: 126

Merit: 10

Quote from: lisasteca on March 30, 2018, 09:17:11 AM

One of the biggest advantages of cryptocurrencies is the reduction in bank commissions. Even to me years ago for some transfers from Australia the bank applied shameful commissions.

And you did not notice that most exchanges too take very large commissions, sometimes I need to make small transactions but the commission is higher than the transaction itself (

sabine80

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Activity: 728

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even when the bitcoin fees were very high, you could pay with $700 more than one bitcoin transaction. it is really a effrontery, what banks themselves allow.

belousov

newbie

Activity: 27

Merit: 0

Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to anothe[Suspicious link removed]agine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

Bank transaction charges and fees are really very painful. I see that they are charging poor uneducated people in my country and making money out of their ignorance. We certainly need this changed.

smitamitu

newbie

Activity: 490

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These things actually resulted to think out of box and Crypto is the ultimate result. Banks are always just profit making organization. It was never built to serve people, rather to suck pennies from users. I’m sure in coming days; many more people will get into Crypto. Banks will make sure it.

lisasteca

sr. member

Activity: 574

Merit: 250

One of the biggest advantages of cryptocurrencies is the reduction in bank commissions. Even to me years ago for some transfers from Australia the bank applied shameful commissions.

coin_maker

newbie

Activity: 238

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Actually, banks are bound to do so to survive. I am feeling sorry hearing the loss of $700. And I think, people should grab cryptocurrencies and adopt with blockchain technology that reduce human works and unwanted bank charges also.

globe-biz

member

Activity: 162

Merit: 10

The way they stole money in this case was changing between one currency to another each bank charges a fee of about $50 to do the transfer and the receiving end also charges something but not $50.The fees I dont care about $50 ok but then when they change your money to another currency they give you a low value so that is where the loss is and that is criminal and it is stealing

bitcoinvestor

hero member

Activity: 812

Merit: 501

Wire transfer cost very high. if you are in a low rate of USD you still can make more money in your country but if you loose 700 USD for fee? That is a leech. Bank suck your asset. That is why they hate bitcoin and cryptocurrency, We can move money with small fees. That will take some banks business field, They will loose their income so they approach govt to ban crypto.

Games.Bitcoin

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Activity: 322

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Tontogether | Save Smart & Win Big

Unfortunate man, Banks are honestly one of the sleaziest business proposals out there they loan money they dont have hoping that people will repay their loans before that money is needed in cash form

chennan

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Quote from: eternalgloom on March 27, 2018, 06:22:40 AM

Quote from: gentlemand on March 26, 2018, 08:54:24 PM

Quote from: chennan on March 26, 2018, 08:50:37 PM

I have noticed this too actually. I mean, how long did it take for the security chips to make it on the credit/debit cards and for stores to actually accept them? It took the longest time ever. And not only that but people where bitching the whole time too because it was a minor inconvenience to be told that you have to insert the chip rather than swipe.

Things are always slower in terms of progress here in the good ole US. Sad

It's a total disgrace. And when you realise how pathetic bank transfers there are and how much ATM use costs you also realise that BTC serves a useful purpose that simply isn't called for in Europe.

In the EU there's masses and masses of innovation when it comes to banking. It's getting faster and more convenient all the time. It's still built on the same old crud of course but at least they attempt to be convenient.

Yeah I can't really complain about banking here in my country (Belgium), with SEPA it's just cheap and easy to send payments to any country in Europe.
Also banking + bitcoin is pretty well developed here too. I can just go to a Dutch exchange (Bitonic), pay with my debit card and receive Bitcoins instantly, without any transfer costs.

Same for cashing out Bitcoins, I can send my Bitcoin to a Dutch exchange and have the money on my bank account the same day.

Just out of curiosity, how is the P2P Bitcoin exchange market there? Have you ever tried using Bisq.io or localbitcoins? I'm curious because if SEPA is that easy and pain free, then I could imagine doing P2P exchanges in Europe would be just as painless and would have to ask you why you go to centralized exchange sites in the first place?

Centralized exchanges are what link your personal identity to your wallet address, which therefore can be traced to every transaction you send from there forth.

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

$700 is very expensive for a $20,000 remittance, but I understand this is the case in some countries. Hopefully when bitcoin is adopted widely, we are able to send bitcoin than using such expensive services.

Paractor

full member

Activity: 274

Merit: 133

Banks charge a percentage of the transferred amount you are doing. Cause they know these international money exchangers charge a hell of a lot to do these for their customers.
I am not saying it is right for them to do but they should let the customer know and be aware of the service charge they are going to charge you before initiating the transfer.
$700 is no joke and it is highway robbery if you did not realize how much they charge since it is their money maker sort of like a cherry on the cake as they say when it comes to intnl money converting to the banks.

brickafterbrickwalldpt

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Activity: 294

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Banks started charging enormous fees a few years ago because basically there was no competition for them. If you were sending Bitcoin you would pay a few cents for the whole transaction depending on the number of inputs and outputs. Hopefully, it is a matter of time before people will close their bank accounts. Banks charge way too much for their services even though they earn a lot of money every year. Cryptocurrency exchanges charge about 0,20% for exchanging, but you don't have to use their service. You can simply trade with someone else.

Topic: JUST TRANSFERED 20K USD AND BANK CHARGED ME $700 !!!! - page 2. (Read 1011 times)