Topic: What don't you like about Banks and Banks controlling your money - page 10. (Read 5736 times)
June 20, 2017, 08:31:05 AM
The banks does have too much information about our income, and each person does know your finances,besides the rules and fees they charge because your salarie is paid at them, bitcoin is my new bank, and i wont return to banks unless i need a big loan.
June 20, 2017, 08:04:22 AM
Generally looking system is bad as many people said in post. Lot of fee, bad security and privacy and so on. But I can't imagine world without banks, atleast now in this time. Money is in their hands and so payments, investing is coming from banks. As I said their created the system to be like that, but what can we do for now about that ? I think nothing.
June 20, 2017, 12:12:44 AM
I hate the fact they add fees on everything.
Where do you bank? Where I'm at in the UK banking is free and near instant transfers are free too. Elsewhere in the EU you can do intra EU transfers that are almost as fast that cost very little.
Wow your country is awesome!
Well as for my country, everything is like gold.
Fees on every transaction like if you gonna transfer some money to other account, they will charge you instantly.
High interest in loans. It sucks really. And lately something happened in some banks, there's an unauthorized withdrawals,
they say its a bug some other says someone get hacked the system. That's why I don't like banks but we have no other choice.
June 19, 2017, 11:28:13 PM
You have no privacy when you use a bank. Anyone in the bank that has clearance can see your every move, from the ATM you withdraw money from to the store you just bought lunch at. I would much rather be my own bank and Bitcoin does exactly that.
Yes this is the problem that in a bank account you lose your privacy and with a cash withdrawal from the ATM the receipt have the details of the balance of your Bank account which can be accessed by someone if you don’t destroy it properly. Also the employees of the bank can see your data of your account and this is not something reliable. The bitcoin no doubt is doing a great job for me that none other than me knows how much do I have.
Same with before we can access our own bank account theres lot of form to fill up to,any transaction takes lot of minutes before it will take too,theres alot of verification ,which is sometimes good for security purposes and most of the time not since if your in hurry or you need the transaction asap, unlike in btc wallet we can access it instantly through private key and can monitor it on ourselves.
June 19, 2017, 11:08:31 PM
Yes, I think the same with the bank both the advantages and disadvantages, we can see that we have put the money into a bank full of control over our money has been taken over, all that is arranged by the bank and diawasih continuously, And Many things mengiurkan offered But some of it is just a trick, the lure of the benefits of even more luck, and the expenses incurred for unsatisfactory transactions, the confidentiality of its users I think is still vulnerable.
June 16, 2017, 05:01:32 AM
You have no privacy when you use a bank. Anyone in the bank that has clearance can see your every move, from the ATM you withdraw money from to the store you just bought lunch at. I would much rather be my own bank and Bitcoin does exactly that.
Yes this is the problem that in a bank account you lose your privacy and with a cash withdrawal from the ATM the receipt have the details of the balance of your Bank account which can be accessed by someone if you don’t destroy it properly. Also the employees of the bank can see your data of your account and this is not something reliable. The bitcoin no doubt is doing a great job for me that none other than me knows how much do I have.
June 15, 2017, 02:28:49 PM
When you put your money in the bank, the bank has the power to control your money, if he thinks you are doing suspicious things then your account can be frozen, so I dont have total control of my money when I put my money in the bank and every of my transaction is recorded, I dont feel too comfortable with my transaction movement keep being watched
Nice answer, because you accept the terms and conditions that banks required, when something goes wrong then you wont have a choice, something that does not really in your possession cant be called a real asset at all because everyone has the right to that asset even if you are the real owner, and just like John Wick did on his treasure in the movie, I guess its better to invest all your money to gold and then bury it underground. And were are being played by the banks like for example in this meme :
[im g]https://i.imgur.com/839fI5a.png[/img]
The bitcoin is a very good alternative of to get rid of all this banking stuff therefore I have stored my money in the Bitcoin wallet.
I meat a guy in banking hall today angry with his account officer because he was ask to open an account without being told if has a BVN number after he has make a deposit. Since this incident today I look at banker as being greedy, and selfish. They only thing on how to get from you and when you want to get back what you have deposited, you become a strange to your own assets.
The bank didn t give me a privacy to control my money. The financial regulation make a partnership with the bank to monitoring the bank account of customers. So they are able to see all of transaction histroy. Just like intervention
My country has recently released that regulation and it's kinda disaster for an individual to keep their "big" amount of money in the bank. No more privacy and the taxes are now overwhelmingly increased.Therefore, the only way to keep our wealth secret is by investing on something which consistently increases its value over time. Property and gold are preferable, but, bitcoin also a good choice.
Though, if you're not going to avoid the taxes, all will be fine. But, FFS, We're working on ourselves and the taxes is just robbing our earning.
"Give a man a gun, then he can rob a bank. Give a man a bank, then he can rob everyone."
The thing that I hate the most about banks is that they can do whatever they want with your money. And there's no censorship going on at all. They know every little information about the transactions that you're having. You withdraw a lot of money, they get suspicious. Someone deposits a lot of money, they get suspicious. Well, might as well not use them at all and just buy your very own vault. The banks don't have anything else to offer but as a way to keep your money safe and a place to get loans.
Another thing that I dislike about the banks (in my country, at least) is the fact that you have to fall in a long line just to get your money and even a longer line for deposit. SMH, everything can be done automatically but one ATM isn't enough for one bank.
The thing that I hate the most about banks is that they can do whatever they want with your money. And there's no censorship going on at all. They know every little information about the transactions that you're having. You withdraw a lot of money, they get suspicious. Someone deposits a lot of money, they get suspicious. Well, might as well not use them at all and just buy your very own vault. The banks don't have anything else to offer but as a way to keep your money safe and a place to get loans.
Another thing that I dislike about the banks (in my country, at least) is the fact that you have to fall in a long line just to get your money and even a longer line for deposit. SMH, everything can be done automatically but one ATM isn't enough for one bank.
Nice answer, because you accept the terms and conditions that banks required, when something goes wrong then you wont have a choice, something that does not really in your possession cant be called a real asset at all because everyone has the right to that asset even if you are the real owner, and just like John Wick did on his treasure in the movie, I guess its better to invest all your money to gold and then bury it underground. And were are being played by the banks like for example in this meme :
hmm...
I mean I don't like banks that's for sure.
But... Wut?
If your bank charges you anything for using ATM... Change banks xD
My bank charges me 15€ a year and that's all. Credit Card, withdrawals, SEPA payments...
I mean banks are banks but you don't have to be an idiot.
All banks, without exception, created to Rob the man. I have this attitude to him and I shall never change. I do not take credit, card I use only when I need something to pay for it. I put the money e-wallet and immediately spend conversion value. On my map there's never more than 10 dollars in the balance.
Banks have had it's advantage but the major issue I have with them is the control they have on your money after they had cajole you to open an account with them, they then give a list of restrictions on your same money you earned by telling you the maximum you can withdraw, the ban on your account in case you have not submitted some form of ID, they charge your with or without your authorisation and equally with government backing meaning there is nothing one can do about it.
Yes this is a major disadvantage that the original owner of the money have is the they have no control over their own money and they have to follow the rules of the bank regarding the cash transfer and withdrawals this is also one of the major reason the people liking the bitcoin because they are fed up of this attitude of the banks where you will be facing problems dealing your own money.
The main reason we keep our money in bank is because we find it safer than home and most of us can't keep thousands of dollars at home and i some what trust my bank so no problem there. The only thing i don't like is they put limit on how much money i can withdraw which is totally mine and not the banks and also the withdrawal fees everytime i withdraw
I don't like banks not just because they control my money, but because someone can now how much money you have, not unlike in bitcoin, no one can really know the exact money that you got unless you say it and reveal all of your bitcoin addresses to others. Also, I don't like the hidden charges sometimes of banks and the interest rate when it comes to savings account is too low, that's why I like bitcoin more than banks.
Firsty, them deciding what is suspicious and not suspicious
Not everybody is an employee working for someone. Some people are entrepreneurs, and as an entrepreneur, you can have some HUGE days. I don't need a bank telling me that my successful day where i made $20k+ is suspicious if I want to withdraw all of it. (people have been arrested for making large withdraws before).
Also, banks freely allowing their customers to scam business (via chargeback). Instead of blindly chargingback purchases and screwing over merchants, visa applicants should be required to take a course outlining the risks of credit cards, and Visa should do proper investigations when a chargeback is brought up.
If a tracking number and proof of delivery can be proved, why should the customer be given their money back?
ALSO, i recently looked into banking investment options. It comes across as a way to just make more money off customers. Think of it like this. It's like it's just them taking your money so they can invest it in polyniex. I only tried it out cause my family (who doesn't know about bitcoins) encouraged it.
Do you have any gripes about banks
Ever since I never used any banks in terms of saving money to them. Except when I was employee I am using ATM card to get my salary. Not everybody is an employee working for someone. Some people are entrepreneurs, and as an entrepreneur, you can have some HUGE days. I don't need a bank telling me that my successful day where i made $20k+ is suspicious if I want to withdraw all of it. (people have been arrested for making large withdraws before).
Also, banks freely allowing their customers to scam business (via chargeback). Instead of blindly chargingback purchases and screwing over merchants, visa applicants should be required to take a course outlining the risks of credit cards, and Visa should do proper investigations when a chargeback is brought up.
If a tracking number and proof of delivery can be proved, why should the customer be given their money back?
ALSO, i recently looked into banking investment options. It comes across as a way to just make more money off customers. Think of it like this. It's like it's just them taking your money so they can invest it in polyniex. I only tried it out cause my family (who doesn't know about bitcoins) encouraged it.
Do you have any gripes about banks
The only things which I don't like is in terms of withdrawal authorization, they need a full documentations before they release your money, and they used your money to lend it to others then they will put an interest on it.
You have no privacy when you use a bank. Anyone in the bank that has clearance can see your every move, from the ATM you withdraw money from to the store you just bought lunch at. I would much rather be my own bank and Bitcoin does exactly that.
Becausse the banks always try to monitoring the user's activity. But bitcoin can't do that.The scaling problem has prevented bitcoin to be the micropayment transaction.
I love banks. I like their services. Banks have services that people can take advantage which is not present on bitcoin. I get my first car because of bank loan which only tooks 5% interest for 5 years. Housing loans too with low interest within 10 years. Instant mobile banking as I can transfer money even on holidays anytime. My bank also lots of stationed ATM's even at province. I don't use bank to make money grow. I used banking services because it giving me a comfortable life. And now with additional bitcoin in my life, just imagine the advantages Im receiving.
So for those bank haters and just relying on bitcoin, then it's up to you. It's still more convenient to take advantage of the both than become butthearts to others. Feel sorry that your banks there in your place is a a shit. Care for privacy? Then don't use bitcoin exchanges. As soon bitcoin will become more legally adopted, expect that privacy is big deal now as exchanges will require more verification.
So for those bank haters and just relying on bitcoin, then it's up to you. It's still more convenient to take advantage of the both than become butthearts to others. Feel sorry that your banks there in your place is a a shit. Care for privacy? Then don't use bitcoin exchanges. As soon bitcoin will become more legally adopted, expect that privacy is big deal now as exchanges will require more verification.
What if they crash? Beam all money gone! At bitcoin, it could crash, but it probably won't... And at bitcoin, if it won't crash, it will atleast grow its value, whilst banks won't put 50% interest on your money... That would be awesome though 
Regards,
Trump
Regards,
Trump
Most banks operate on the restrictions imposed by the government laws which are not always citizen friendly, as today the governments act as corporate only to increase their tax, albeit for the betterment of the country but also to dominate the economy of other countries.
When my hard-work's reward are being controlled by someone else, how I can prefer that kind of system. I want to purely own my wealth which will not be possible with centralized system and with our traditional banking system.
When my hard-work's reward are being controlled by someone else, how I can prefer that kind of system. I want to purely own my wealth which will not be possible with centralized system and with our traditional banking system.
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