Topic: You should never trust banks - page 24. (Read 60756 times)
I am unbelieve in bank, because just rich people can make bank under his foot. But, anyway bank still needed for me, because every transaction i did from exchange bitcoin to fiat directly into my bank account. Although, never i use to saving money, because prefer to hold cash and bitcoin.
This is one of the reasons I choose bitcoin over banks, I have financial control of my money if I'm putting it in bitcoin even though it's volatile but if I want a stable one then I could buy and hold ether. Trust no one, trust only yourself.
The matter is that for today Bitcoin all the same starts to raise the price and together with an etherium. I think that anybody drank the currency today very well for the price, regardless of what project it refers to. 
This is one of the reasons I choose bitcoin over banks, I have financial control of my money if I'm putting it in bitcoin even though it's volatile but if I want a stable one then I could buy and hold ether. Trust no one, trust only yourself.
If you have enough money on the bank, banks can be your friend, simple as that.
I do believe that banks are still relevant, I mean the big banks that have existed with reputation. They wouldn't just close your account without notice to you with expected response, maybe when the response don't come at a specified time they take further steps.
Meanwhile, you don't keep money in the bank when you have something better to do with it like investment. So when you keep it there, legally it means you have given the bank the money to the bank to invest for you & give you certain percentage (usually very small ) since you can't take the risk on your capital yourself. Also, talking about bitcoin investment, you can lose it all when you are frauded
Meanwhile, you don't keep money in the bank when you have something better to do with it like investment. So when you keep it there, legally it means you have given the bank the money to the bank to invest for you & give you certain percentage (usually very small ) since you can't take the risk on your capital yourself. Also, talking about bitcoin investment, you can lose it all when you are frauded
I believe that large banks can be trusted because they have been working for years and value their reputation so as not to lose all customers. The banking system is now very common around the world and without it it is difficult to conduct business or earn money for those who do not yet know about crypto-currencies.
Right. I don't we can't completely trust banks as before cryptocurrency even was thought of, banks have been taking care of our money for us. Of course we've seen the flaws and advances of banks and bitcoin showed that to us but i also still think its importsnt to have a bank account 
I believe that large banks can be trusted because they have been working for years and value their reputation so as not to lose all customers. The banking system is now very common around the world and without it it is difficult to conduct business or earn money for those who do not yet know about crypto-currencies.
I trust my banks and for me they are the most safest places for saving my money.
the safest place for what? you can explain the reason so we all understand, Safety deposit box made of steel also good to save money.
I just read the story at the start of this post and I don't think we have all the details.
A bank does not close an account for no reason and keeps the money. Not in the US.
If they did, it would be against the law, no matter what the contract says.
And I think as well that it would not be hard to find a lawyer who would take the case.
The lawyer would immediatelly know he would win and that the bank would have to come up for the complete legal costs.
A bank does not close an account for no reason and keeps the money. Not in the US.
If they did, it would be against the law, no matter what the contract says.
And I think as well that it would not be hard to find a lawyer who would take the case.
The lawyer would immediatelly know he would win and that the bank would have to come up for the complete legal costs.
I trust my banks and for me they are the most safest places for saving my money.
Agree with you, bank in some 3rd country is worst. Even the personal information is given to the strangers with noone responsibility for it.
Its scarywhen you found out that the bank you in trust your money got bankrupt. But its more convenient to still put your money in the bank than just save it at home or what. My mom's bank was close 4 years ago good thing she got her money back.
Actually, the government gives a certain aamount of guarantee to the bank customer, if the money we keep exceeds that amount then the rest will not be in. Probably the bank system is not apropriate for the present anymore. In the era of global commerce, the public needs the easier, faster, safer,transparent, efficient and most reliable base exchange. Bitcoin is capable of replacing banking technology system that require resources, cost enormous, time-consuming and vulnerable correction of human eror in recording all world financial transaction.
Its scarywhen you found out that the bank you in trust your money got bankrupt. But its more convenient to still put your money in the bank than just save it at home or what. My mom's bank was close 4 years ago good thing she got her money back.
Which I know If the customer does not perform the obligations as agreed, namely the obligation to settle his credit to the bank, the client concerned can be declared a default.however, the action to be taken by the bank before declaring the customer a default because not paying the debt is not in the act of blocking the customer's account, but by making a summons.in general, in the case of arrears in paying credit installments, the bank, as the creditor, has the right to issue a warning or warning letter to the debtor failing to fulfill its obligation to pay the credit installment.Further explanation of the summation and wanprestasi in the credit agreement can be found in the article Creditor Must Observe the Competition Elements in the Giving of the Somation.
In my opinion, if in the end it proves to be not the client that should be blocked his account, then the legal step that can be done by the customer is by reporting the relevant bank to the Financial Services Authority as an institution that performs supervisory function on the banking.this is because the bank has been mistaken in carrying out banking practices. This is as it appears on the pages of the Financial Services Authority, which says that the duty of the Financial Services Authority is to conduct regulation and oversight of financial services activities in the Banking sector, Capital Market sector.
In my opinion, if in the end it proves to be not the client that should be blocked his account, then the legal step that can be done by the customer is by reporting the relevant bank to the Financial Services Authority as an institution that performs supervisory function on the banking.this is because the bank has been mistaken in carrying out banking practices. This is as it appears on the pages of the Financial Services Authority, which says that the duty of the Financial Services Authority is to conduct regulation and oversight of financial services activities in the Banking sector, Capital Market sector.
For OPIn addition, financial institutions will classify you according to your credit rating score. If your credit history rating is reduced, they will not value you.Just due to the fact of this explanation I use bitcoin. Every single new bitcoin wallet is like a new financial institution account.I really like Bitcoin
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!
why do not I have to trust the bank? I currently save money in the bank but there is a risk also if at any time the bank was stolen or disappeared, so my confidence in the bank is only 75% 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!
It is true that bank can close your account if you did violate something to their rules and policy. And thats not a good thing I saw with it. So, nice to hear you've found bitcoin as your alternative bank of your own.We have a government for a reason, they created a law for everybody to follow and that is for the benefits of all, so they can close
if you have a suspicious accounts especially when involved in money laundering.
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!
It is true that bank can close your account if you did violate something to their rules and policy. And thats not a good thing I saw with it. So, nice to hear you've found bitcoin as your alternative bank of your own.We have a government for a reason, they created a law for everybody to follow and that is for the benefits of all, so they can close
if you have a suspicious accounts especially when involved in money laundering.
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!
It is true that bank can close your account if you did violate something to their rules and policy. And thats not a good thing I saw with it. So, nice to hear you've found bitcoin as your alternative bank of your own. Give us more information about the closing of your bank account, I guess they will not do that without any valid reasons though I don't have bank account yet but it's really normal if you do something illegally and don't respond to them about that issue 
Don't just post a thread here that you want to tell and convince us that having account bank account now is not good or investing in the bank are in a big risk this time.
Don't just post a thread here that you want to tell and convince us that having account bank account now is not good or investing in the bank are in a big risk this time.
We cannot say this as banks are the one who bind all the world together as it can help the poor as the rich to help them in the future business and also the leaders in taking their counterparts forward in Future
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