Topic: You should never trust banks - page 12. (Read 60784 times)
Yes that's true we should not trust banks sometimes . cause if they get bankrupt they won't gave us the total amount of what we save on their banks.
Somehow, banks are essentials in our country. Its been helpful in all of us, by doing jobs as middlemen in transactions. Not all banks have the issue.
My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!
This is what i hate about banks so we should need to use wallet online wallet like coinbase but in our country coin base is the best i hope that somday all banks will gone and bitcoin replac it because bitcoin and other crypto is much better than banks. 
The way banks operate might be not on the right track, but what they do truly has changed the lives of lot of people around the globe. In specific the loans provided with certain interest rate might look like a burden, but lot get to grow their business as well develop themselves through the same. So, it has got good as well bad things associated with it.
Banks are on a mission but in general, they are like other business who are operating for profit. They have a lot of services like granting loans but they only give to those who are qualified to their system, the best use of banks for me
is just on saving my money because they are secured due to insurance.
The way banks operate might be not on the right track, but what they do truly has changed the lives of lot of people around the globe. In specific the loans provided with certain interest rate might look like a burden, but lot get to grow their business as well develop themselves through the same. So, it has got good as well bad things associated with it.
Come to think of that if theres a negative side there would always a positive side which i do agree on what you are saying here. We might hate banks but the fact that we are using it ever since and it does really contribute and help us when it comes to loan they do really have enormous high interest rates but we are really obliged to pay up since we did agree on to their terms.For now even on bitcoins existence banks would really be commonly used because of the security that it gives. 
The way banks operate might be not on the right track, but what they do truly has changed the lives of lot of people around the globe. In specific the loans provided with certain interest rate might look like a burden, but lot get to grow their business as well develop themselves through the same. So, it has got good as well bad things associated with it.
For me using banks is like investing in crypto, you can have only good memories or you can just invest badly and lose all of your money like in your example.
Banks play a massive part in the business economy. Situations could arise that causes problems like what you've stated, however, extra precautions and concious efforts to do your part as a client is also important.
Banks still provide convenience for us, currently we exchange bitcoin with fiat through the bank.
only we hate taxes, whereas the tax has been established as a source of development. Until now I still use the bank.
thank you
only we hate taxes, whereas the tax has been established as a source of development. Until now I still use the bank.
thank you
You account might be closed for some reason, you can't blame them because they will always give you warning when they're about to close your account.
I already and bypass all banks, because my wife has accumulated loans and gave me away. I'm shocked and what to do I do not know. We ourselves are to blame in many ways and always see the banks.
Yeah there is different between bank and bitcoin is just bank can affect you in a different ways. Where bitcoin can give you more benefits as compare to banks. If you got that much loan and looking toward bank and realize that it was a huge mistake then right it was a huge mistake in your life. If you ever invested that loan in bitcoin you might have 10x more than that loan in your pocket.
I think you did something against the law. They wont close your bank account for reason. You should contact the bank managers personaly to know the reason. We cant be vote to your side because we did not see the bank's side yet. Also the government also has a power to access or worst close your bank accounts. But its impossible they close it for no reason.
Maybe your correct, because they do not close your bank account without any valid reason. i think maybe he's his account did not use for long time. I have already bank account and i know my obligation to do so it does not close. i love banking system and i trust banks.
It's operating based on the trust of the people and they will protect it in order to last in the business, they are making good profit when more people are trusting them, so why would they waste this opportunity by scamming depositors with their deposits.
Bitcoin forever will never die, and die if the bank all the developments of finance and also all the things about money then it will be a mess and all the things that do not have will only make us bad.
We have different banking experience. It can either good and bad transactions. There is no perfect banks, that's why they create different study to reach out the people to hear different costumers problem. On the other hand, you have the right for not trusting your bank but let us trust our government that protect us and help us to bring back what bank take from us. There is a law that protect us from that case.
You can’t live without banks in this era of time. We all have money as savings and we need to work out to make some planning how to secure and safe your money. So banks are the only one method as saving world that have most secure system to keep your money away from any threat. You are tension less when have put your money in banks. I think same as you, it really scared me.
Bank protect our money and gives some interest on saving acvounts and also. But we have select natinalised and government supported banks for our money. Because government gives assurance about your money in these banks. But now a days bitcoin is best choice for investment and returns.
We have different banking experience. It can either good and bad transactions. There is no perfect banks, that's why they create different study to reach out the people to hear different costumers problem. On the other hand, you have the right for not trusting your bank but let us trust our government that protect us and help us to bring back what bank take from us. There is a law that protect us from that case.
I think you did something against the law. They wont close your bank account for reason. You should contact the bank managers personaly to know the reason. We cant be vote to your side because we did not see the bank's side yet. Also the government also has a power to access or worst close your bank accounts. But its impossible they close it for no reason.
Maybe your correct, because they do not close your bank account without any valid reason. i think maybe he's his account did not use for long time. I have already bank account and i know my obligation to do so it does not close. i love banking system and i trust banks.
Yeah banks have taken the advantage of people since many years. They change the regulations according to their wish without giving a proper answer. I hope that btc even if can`t break them down at least can regulate them to be more reliable.
Yes everything is necessary and so are the banks. In current time you can’t live without a bank. You can’t save your earnings in a hole dogged in your lawn, no. there are more secure areas and safety measure you must have to follow now a days to refrain yourself from such robberies and money loss and bank is the only one and solid, secure method. So don’t worry they wouldn’t eat up your profits. I don't use banks right now but I trusted it like mother did because she always show me how useful the banks and if you don't trust banks maybe because you made a wrong thing that the banks gets disappointed to you. That's what happens to my friends father he made a wrong thing that his bank account makes it close.
I trust banks because I need them to store my money, I am earning bitcoin and I think putting it everything in my wallet will make it risky for me.Bank can protect us through their insurance system and as long as we do not only trust one bank, there is no risk because we can avail of the maximum insurance. I put my money for savings and not for investment, that's is the only activity I am transacting with banks.
We all know the profits through bank lending not enough for our life.
The best function of bank is saving our money and guarantee that amount will not rob by anyone, this is their mission need to guarantee for us.
There are more and more people that are disappointed about banks. That's way, FinTech startups rise. 
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