Topic: What don't you like about Banks and Banks controlling your money - page 7. (Read 5736 times)
March 25, 2018, 04:12:40 AM
I generally try to avoid banks and their services in terms of loans and loans, since then you can just not get out of this bondage. The bitter experience of loans I had with the machine's kopuk and denied myself that I would never again loot in loans and did not regret not for a day
December 28, 2017, 11:10:52 AM
I see that many people hate that banking system always controls all their money loans and transactions and this is exactly the point why crypto currencies became so popular! I'm sure in the future people will have more freedom as they did before, thanks to crypto banks:)
December 28, 2017, 05:51:36 AM
When I went to my bank to get a loan the advisor there said "I see you have a lot of expenditure at a gas station, why is that? You don't grocery shop there, do you?", to which I replied that "no, that's a fault in your system where you register the grocery shop that lies right next to the gas station as the gas station itself". The problem here isn't the fault in their systems or that I had to explain it to her not seem like an economic moron. The problem is that she just went ahead and looked at my transaction logs like it was nothing. I don't want my bank to have such easy access to what I've bought and where. That's not their business.
December 28, 2017, 05:06:14 AM
Anyone that works at the bank can see all your account information. Monthly fees, atm fees, overdraft fees. Banks suck!
Because these were Central Bank policies against money laundering and other illegal activities in which even corruption may be monitor as well. The only thing that i hate in the bank is that very strict requirements when opening an account but i considered this a natural to ensure that money was not came from illegal activities like drugs and smuggling that is why some syndicates related to drugs and smuggling are not depositing their money in the banks but instead they will bury it and some are using the bitcoin to hide their illegal wealth.
December 28, 2017, 05:00:37 AM
Bankers are very greedy and they only do business with you because of what they will gain from it. Banking system is the root cause of poverty and suffering in most of the third world countries! I prefer Blockchain technology because it is decentralized and the transactions are peer to peer. Banking system is centralized and is being control by few greedy individuals. I hate Banking system because the bankers are not truthful with their customers.
December 28, 2017, 04:38:24 AM
Now there are many new projects on ICO that offer to create their own special types of banks, and I think that maybe in the near future there will be
banks that will meet the requirements of crypto currency holders.
Actually I don`t exactly know what is the peculiarity of their bank, but guys from FreeZone (freezone.one) will have their own Fiat Crypto Bank.
Maybe they will have their own system that will satisfy us, idk for sure, but I think that it`s worth paying attention to.
Don`t u guys know any projects on ICO which offer new types of crypto banks? I would like to invest in something like that.
banks that will meet the requirements of crypto currency holders.
Actually I don`t exactly know what is the peculiarity of their bank, but guys from FreeZone (freezone.one) will have their own Fiat Crypto Bank.
Maybe they will have their own system that will satisfy us, idk for sure, but I think that it`s worth paying attention to.
Don`t u guys know any projects on ICO which offer new types of crypto banks? I would like to invest in something like that.
December 28, 2017, 04:13:46 AM
I don't have any issue when it comes to my transactions regarding money that comes from cryptocurrencies or not with my bank as they only care about their business. My only problem with iut banks in my country is that there is a charge every time I withdraw my money whether it is in the atm or over-the-counter because I don't get the reason why they need to charge us just to withdraw our own money. As if they are not already earning from our deposited money yet.
December 28, 2017, 04:04:35 AM
Some of the bank employee are not trusted ,some of them make some hidden activities that againts the banks rule ,sometimes we cannot fully trust them.They charges so many fees like withdrawals/deposits fees when inter branch,atm charges and anything that they can gave a fees in any transactions.Thats why sometimes I hate to transact in a bank and also their so many paper requirements that needed.
December 28, 2017, 03:38:12 AM
To be honest, banks are not safe when it comes to investment and saving of money. I don't fully trust banks because employees there can see the user account and the total amount of their money, in short it's not private.
October 09, 2017, 08:17:50 AM
Anyone that works at the bank can see all your account information. Monthly fees, atm fees, overdraft fees. Banks suck!
I agree to this post, they will know your private identity. But they need it for security purposes or use it for colaterals. If someone make scam or not paying their loans they will know the information of that customer so they can ban them. 
October 09, 2017, 08:09:02 AM
Banks are good for depositing our money and by taking care of our money but they are not good in terms of interest because they give a very low rate in our money which makes our money worthless because when we deposit our money it will only receive at least 1+% percent of return every year and if the inflation rate in your country is more than 3% then the inflation will eat your money.
Yeah banks just giving us such a low profit ratio as matter of interest. Whatever you have deposited in banks, yes they will take care of it and will be responsible for this but you don’t know what they are doing with your money. They are making businesses at national and international level and earning huge profits and just give you a very little of it. October 04, 2017, 02:48:21 AM
Banks are good for depositing our money and by taking care of our money but they are not good in terms of interest because they give a very low rate in our money which makes our money worthless because when we deposit our money it will only receive at least 1+% percent of return every year and if the inflation rate in your country is more than 3% then the inflation will eat your money.
October 04, 2017, 02:43:07 AM
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
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
I agree in every sense of your statements with regard the 'suspicious withdrawals' considering it is our own money. But I think what they are doing is just to safe keep and protect its depositors from unusual deposits and/or withdrawals. Since its primary objective is to safe keep its depositors' money, it is its duty to exercise extraordinary diligence in every step of the way in handling accounts. Otherwise stated, it is just exercising its obligations to its clients. Anyway when it is duly proven that the withdrawal is done by the depositor himself/herself, the bank readily approves the same without further questions save for some limitations as set by the Central Bank.
October 04, 2017, 02:33:32 AM
I agree that banks make money by lending their clients' money to bigger companies, partnerships, individuals, and the like. However, banks too entice its depositors to save their money in banks on the premise that their money is safe and is accumulating interests with continued deposit. Come on, bank is a business. It needs to have profit in order to sustain its cause. It cannot sustain without the usual creditor-debtor relationship between its clients. I see no reason why people discredit banks in that sense.
October 04, 2017, 02:23:13 AM
I look at banks from its advantages and disadvantages. Banks hold your money and some how people feel secured about that. Meanwhile, what the issue with banks are is that they pay little interest to your huge savings of which that savings would have brought better interest if invested by oneself. Also, most times you get unnecessary and unreasonable alert for deduction which have no meanings. The banks hoodwink and this is because it is a business venture.
October 02, 2017, 05:49:03 PM
What I hate about Banks is that it requires a lot of paper! Just to put your money there and withdraw it out soon . I just find it hassle and time consuming especially when you needed it the most and other banks get bankrupt so not everything is safe to deal with
September 30, 2017, 05:27:32 AM
Credit card fraud is an extremely (to stress), small proportion of total credit card transactions. The card issuing entities all offer zero fraud liability, even on debit cards. There are millions of transactions every day and fraud loss just isn't worth developing, and supporting, an additional authentication layer that faces the consumer.
July 30, 2017, 05:30:12 PM
But other than gaining interests from bank, I am not finding any big advantages of using bank accounts to have our wealth with them. In this modern era, we are all thinking about having secured and fully privacy assure way of financial system so that we can safeguard ourselves from robber, for example.
You talk about safeguarding from robbers but that is exactly what banks offer. Even if due to your own negligence someone fraudulently gets money from your account the bank will refund you. There is no digital currency that protects your money better than that.
The main advantage is obviously privacy though, banks do not really offer any form of privacy.
July 30, 2017, 05:26:54 PM
It is right that bank is secure for keeping your money safely, but it is just a security not a business. If you glad to get interest on your money form bank so it is so least than the outcome of your business whether you invested somewhere in business like investment in bitcoin or in something else. So the conclusion is to circulate the money and earn more money through money.
But other than gaining interests from bank, I am not finding any big advantages of using bank accounts to have our wealth with them. In this modern era, we are all thinking about having secured and fully privacy assure way of financial system so that we can safeguard ourselves from robber, for example. By considering these and all, I guess leaving off traditional banking system must be the right option for any person who are valuing their freedom the most than anything else. 
July 30, 2017, 01:29:48 PM
It is right that bank is secure for keeping your money safely, but it is just a security not a business. If you glad to get interest on your money form bank so it is so least than the outcome of your business whether you invested somewhere in business like investment in bitcoin or in something else. So the conclusion is to circulate the money and earn more money through money.
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