Topic: You should never trust banks - page 15. (Read 60784 times)
There must have been something against the terms of service with your bank account if they were to terminate you, banks don't just willy nilly close account to take peoples money unless the money is the banks to take to begin with. But i don't know how this relates to anything bitcoin.
Whenever someone has great power, problems begin. Banks have become so large that they can get away with everything and thats the problem. I believe they have a role to play but up to a point. Of course i dont trust them, i use them of course but i do everything i can to be on the safe side.
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!
In today's time it is difficult to rely on time. There are so many troubles now that are coming out and will soon be resolved. As long as money is lost in bank accounts, our country is so much that most people in our country are afraid to use a bank. Although ATMs are robbed by thieves, they have a lot of different tactics. Lovers steal things that are not totally in them. So now it's really necessary to double the care that you will not be victimized.
You could trust a bank that you can really rely on when it comes on savings, you should choose a famous banks and look for their record if you can really rely your money to them, better ask assistant to those who save their on banks for a long period of time
That is very strange situation. I think that you should maybe find the letter from them and read why they have blocek your account. Maybe you have broken one of their rules? I lately haveheard about similar situtaion to your, so you definitely should the argumentation of that steps. And with that explanation you can post us what is going on further.
I quite trust banks, i dont know where do you live? In my country banks is allowed close bank everyone if they dont have any reasons.
I don't get it. Why we should never trust banks? Is it because they are not worth it to put our money for long term? I don't think so. Banks are banks and they are here for their own purpose. We need banks for certain purposes and that is what we need to accept and not just think negative things about banks because if they are not good then government will just remove it.
agree banks is useful to store and save money so the moment you need it you could have it immediately you don't have to convert it to fiat first or exchange it to an exchanger . Banks is essential to economical development of a county and gives more jobs to people . 
Believe or not. basically, I am still use bank to receive money from sale of bitcoin or altcoin that i have. But there is a point, that i never save money in bank.
Bank is very useful, you can put your money in a much safer place which is bank, they will protect your money with an insurance so you as depositor has nothing to worry. There will be a lot of system that will come out and one of the most popular now is bitcoin which is very useful for online transaction but at the end of the day we still need bank to cash in and cash out bitcoins. 
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!
Oh, it's terrible. I also had an unpleasant experience with the bank. But there the bank simply went bankrupt and paid their money for a long time to the residents
Believe or not. basically, I am still use bank to receive money from sale of bitcoin or altcoin that i have. But there is a point, that i never save money in bank.
And that someone trusts. everyone understands the risk, especially small banks that can burst at any moment, and then withdraw their money from there very difficult. Therefore, before you trust your money, we check the history and their business policy.
I have never trusted banks and from the day I found out how they operate which was this year I will never trust them again. I thought they were being nice when they were giving us all these options for banking but I realized
only now that they are being pushed to sell us stuff everytime we are there. I know I was being naive but still I like to think we talk to each other for talking sometimes not because we are another sale to them. Grossed out.
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!
By the way i'm not yet trying bank but i always hear that bank is not good so thata why many people trying to use some wallet that can use to withdraw easily and no hastle and the fee is free than bank. Based on the book I was currently reading as of now, banks are considered as a thief who are given the right to do so by our governments. That's right, banks are considered licensed thief but not the one who picks from our pockets but they steal in a different way. It is through us, we give out money on our own, they do not forcefully take it form us but we are giving it to them voluntarily. They did not stop in that way but they added a lot more ways to steal legally and unknowingly. This are called interests, loan, savings, and much more. Savings are good but they violate a law to gain money through your money. The form is that you save your money in their bank and pays you small interest, which is because they will use your money to lend to others with a lot and higher interest, and this process is called usury which is against the law but they are doing it freely because government had a profit to it.
I trust banks although I don't put much of my earning in it, I just invest it in my btc wallet account and investing in business rather than putting all in bank which has a very small interest, I am just putting some of my earnings for the future of my children so I can't spent it but not to invest to them because it is not a wise decision. 
Based on the book I was currently reading as of now, banks are considered as a thief who are given the right to do so by our governments. That's right, banks are considered licensed thief but not the one who picks from our pockets but they steal in a different way. It is through us, we give out money on our own, they do not forcefully take it form us but we are giving it to them voluntarily. They did not stop in that way but they added a lot more ways to steal legally and unknowingly. This are called interests, loan, savings, and much more. Savings are good but they violate a law to gain money through your money. The form is that you save your money in their bank and pays you small interest, which is because they will use your money to lend to others with a lot and higher interest, and this process is called usury which is against the law but they are doing it freely because government had a profit to it.
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!
Quote from: Rufsilflink=topic=1698127.msg24406414#msg24406414 date=1510411890
I don't get it. Why we should never trust banks? Is it because they are not worth it to put our money for long term? I don't think so. Banks are banks and they are here for their own purpose. We need banks for certain purposes and that is what we need to accept and not just think negative things about banks because if they are not good then government will just remove it.
Actually I agree on what you had said. If banks are not good enough our government will terminate them. I thought that the best place to invest is on the banks because you have the papers that serves as proof that whatever happens if you invest to them you have money from them unlike in Bitcoin. If our account has been hack we have no power to get rid of it and no papers.
Banks have the same policy,rules and regulations.Banks can be trusted in savings money.They also have secrecy law which prohibits banks to disclosed any information of the client's account.All money deposited are insured too.that no matter happens with the bank. The money is guaranteed to be given back to its clients.
Haha, in my country, the government said saving money in bank is also an investment type, because you are lending to the banks with low interest rates, therefore, the risk of banking still alive. What do you think about that? For me, this rule exists because of its nature from the beginning.
I don't get it. Why we should never trust banks? Is it because they are not worth it to put our money for long term? I don't think so. Banks are banks and they are here for their own purpose. We need banks for certain purposes and that is what we need to accept and not just think negative things about banks because if they are not good then government will just remove it.
Banks have the same policy,rules and regulations.Banks can be trusted in savings money.They also have secrecy law which prohibits banks to disclosed any information of the client's account.All money deposited are insured too.that no matter happens with the bank. The money is guaranteed to be given back to its clients.
And that someone trusts. everyone understands the risk, especially small banks that can burst at any moment, and then withdraw their money from there very difficult. Therefore, before you trust your money, we check the history and their business policy.
I think can trust banks, natiolized banks works on rules and regulations framed by the government, so one can trust and use the services.
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