You should never trust banks - page 54.

MMA

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Quote from: Qunenin on January 29, 2017, 10:07:33 AM

Quote from: farl2web on January 29, 2017, 05:05:11 AM

Quote from: t2yax on January 29, 2017, 04:40:10 AM

We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

Probably better not to keep the money in the bank, and real things. I mean to invest in a business or real estate, which can be profitable. Banks are very difficult to trust. Although it is a state bank the most reliable of all. True there are other interests.

Banks are in a way trust-able as they are physically available near you and you can go to them in case you feel there is something wrong with your account balance etc. Courts are also there to help you listen to your appeal. I don't think local Banks in your country can scam you. Its the online banks that need to be taken care of.

yes most of the banks are trusted, actually the act under the government of a start mean the governments have strong observation over them. as in my are NIB have strong check on all the banks over all the accounts and their transaction therefore banks are trusted and reliable. they cannot scam people and if they do, then they can be challenge in court.

Edraket31

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Quote from: boyptc on January 29, 2017, 11:40:09 AM

Keeping cash at home is not even going to help the economy of your country. It's like you are burying something like a new toy and when you returned into it, the value of it depreciates. Banks are one of the best to trust our fiat money and our online bank is our own bitcoin wallet which is making it as a good one.

It is not advisable to keep cash at home, if you plan to save it is better if you store it in bank much safer compare to your home. Just hold the cash that you need, and save the others or invest it. Yes, bank has sometimes occur error but it doesn't mean that they should not trust when in fact bank is more trusted than saving it in your home that other people can easily seen and stole.

boyptc

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Quote from: ChineTownMan on January 29, 2017, 10:56:51 AM

Quote from: boyptc on January 29, 2017, 10:53:38 AM

Quote from: webtricks on January 29, 2017, 09:27:26 AM

I completely disagree with you.
Banks are not meant as institutions to support country's economy. There is a proper legal body to look after banks' performance. So banks are institutions whom we can trust upon!
I don't know how many here are aware of money creation function of bank! This function leads to multiple development of country in similar budget!

Banks are good to be trusted and we have an assurance if we are going to let our money be in their hands. But as a depositor you must know the consequences for depositing to them, your money will be used as an investment to them and you are lending them legally with the return of very tiny interest.

I also trust the banks and I am sure my money, which are the accounts are protected. I conveniently stored there money. This is better than keeping cash at home.

Keeping cash at home is not even going to help the economy of your country. It's like you are burying something like a new toy and when you returned into it, the value of it depreciates. Banks are one of the best to trust our fiat money and our online bank is our own bitcoin wallet which is making it as a good one.

ChineTownMan

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Quote from: boyptc on January 29, 2017, 10:53:38 AM

Quote from: webtricks on January 29, 2017, 09:27:26 AM

I completely disagree with you.
Banks are not meant as institutions to support country's economy. There is a proper legal body to look after banks' performance. So banks are institutions whom we can trust upon!
I don't know how many here are aware of money creation function of bank! This function leads to multiple development of country in similar budget!

Banks are good to be trusted and we have an assurance if we are going to let our money be in their hands. But as a depositor you must know the consequences for depositing to them, your money will be used as an investment to them and you are lending them legally with the return of very tiny interest.

I also trust the banks and I am sure my money, which are the accounts are protected. I conveniently stored there money. This is better than keeping cash at home.

boyptc

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Quote from: webtricks on January 29, 2017, 09:27:26 AM

I completely disagree with you.
Banks are not meant as institutions to support country's economy. There is a proper legal body to look after banks' performance. So banks are institutions whom we can trust upon!
I don't know how many here are aware of money creation function of bank! This function leads to multiple development of country in similar budget!

Banks are good to be trusted and we have an assurance if we are going to let our money be in their hands. But as a depositor you must know the consequences for depositing to them, your money will be used as an investment to them and you are lending them legally with the return of very tiny interest.

Qunenin

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Quote from: farl2web on January 29, 2017, 05:05:11 AM

Quote from: t2yax on January 29, 2017, 04:40:10 AM

We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

Probably better not to keep the money in the bank, and real things. I mean to invest in a business or real estate, which can be profitable. Banks are very difficult to trust. Although it is a state bank the most reliable of all. True there are other interests.

Banks are in a way trust-able as they are physically available near you and you can go to them in case you feel there is something wrong with your account balance etc. Courts are also there to help you listen to your appeal. I don't think local Banks in your country can scam you. Its the online banks that need to be taken care of.

Goms

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I have never heard of banks closing your account without giving reasons why, OP needs to find out more from the bank manager. Though bitcoin is good, we still need banks in this present day world

Kasabus

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Quote from: webtricks on January 29, 2017, 09:27:26 AM

I completely disagree with you.
Banks are not meant as institutions to support country's economy. There is a proper legal body to look after banks' performance. So banks are institutions whom we can trust upon!
I don't know how many here are aware of money creation function of bank! This function leads to multiple development of country in similar budget!

Banks are still realiable during these days and on the past years,many are still entrusting their savings as well as their start of investments through banks.I don't agree with statement that we should never trust banks,and maybe of course it also depends on how you are a very good client to them.We know already how the system of banks really works if you are trusting their services and their good response to their clients are good then there's no reason that banks are not that reliable to trust.

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Quote from: webtricks on January 29, 2017, 09:27:26 AM

I completely disagree with you.
Banks are not meant as institutions to support country's economy. There is a proper legal body to look after banks' performance. So banks are institutions whom we can trust upon!
I don't know how many here are aware of money creation function of bank! This function leads to multiple development of country in similar budget!

I think you are both have the same opinion, and I am both agree with. Bank sometimes become bankrupt because of the economic state of a country, if country's economy become low, it intends to withdraw their money on bank, so the bank will pursue to have a large amount of money to be, meanwhile, just like you are saying, when a bank has that proper legal body, the bank cannot predict whether the country's economy will go high or low, that only my opinion.

webtricks

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I completely disagree with you.
Banks are not meant as institutions to support country's economy. There is a proper legal body to look after banks' performance. So banks are institutions whom we can trust upon!
I don't know how many here are aware of money creation function of bank! This function leads to multiple development of country in similar budget!

shield132

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Situation and rules are different in every country. For example in my country bank mostly isn't closing accounts despite number of transactions and money. They aren't strict but in america and for example we can take paypal, it's not bank but it's closing accounts very easily for any reason.
So while we have bitcoin, we are independent from banks but sometimes when we want to withdraw it, we are depended on them.
To my mind investing money in bank don't worths how trustful they are and I agree everyone who thinks like that.

acroman08

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Quote from: ArdiPrabowo on January 29, 2017, 06:08:56 AM

Quote from: t2yax on January 29, 2017, 04:40:10 AM

We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

if youre write bank is not the best save money
so what do you think the best save money, where is saving youre money ? another bank and above the best is compare bank

Just like the comment above you said, investing is the wisest way to save your money let it circulate(invest-profit vice versa)
that way you can secure your money and earn while doing it, but investing is risky that's why you need to pick carefully
on where you are going to invest your money(i.e. house, gold, business maybe bitcoin and other asset etc...) and the excess money you have is the one you are going to deposit to a bank, but if you are going to deposit your money don't put all of it in one bank you should put your money to several banks that way, if the banks decided to freeze your account you still have money to
withdraw from the other banks where you deposited you money.

Betwrong

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Quote from: mace15 on January 21, 2017, 05:50:54 AM

A bank will not close the account of depositor if theres no valid reasons. I heard also here in my country, a personal account of a certain regular customer has been freeze the account. The bank reason they had seen a fraudster in that account and theyre doubting of a person credibility to have a large sum of money. Since they found a continous deposits sum large of money.

This is not the only cause of why you might lose your money depositing it in a bannk. In many countries with unstable economy situation banks just disappear with all funds lost and nobody compensates the losses, ever. For people living in such countries Bitcoin is better than banks if they want to save money.

Xester

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Quote from: farl2web on January 29, 2017, 05:05:11 AM

Quote from: t2yax on January 29, 2017, 04:40:10 AM

We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

Probably better not to keep the money in the bank, and real things. I mean to invest in a business or real estate, which can be profitable. Banks are very difficult to trust. Although it is a state bank the most reliable of all. True there are other interests.

That would be applicable to small time investors but to big time investors holding huge amount of money it is necessary to save in the banks. Though it is right not to trust banks but it is true if you applied for loans since the interest will kill you and strip you of your property. But if you just deposit for the safety of your money then it is right to deposit in banks. The only tip is make sure the bank that you deposit your money is a big and trusted bank and far from bankruptcy.

ArdiPrabowo

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Quote from: t2yax on January 29, 2017, 04:40:10 AM

We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

if youre write bank is not the best save money
so what do you think the best save money, where is saving youre money ? another bank and above the best is compare bank

farl2web

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Quote from: t2yax on January 29, 2017, 04:40:10 AM

We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

Probably better not to keep the money in the bank, and real things. I mean to invest in a business or real estate, which can be profitable. Banks are very difficult to trust. Although it is a state bank the most reliable of all. True there are other interests.

marketone

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Quote from: ?? on ??

Quote from: mace15 on January 21, 2017, 05:50:54 AM

A bank will not close the account of depositor if theres no valid reasons. I heard also here in my country, a personal account of a certain regular customer has been freeze the account. The bank reason they had seen a fraudster in that account and theyre doubting of a person credibility to have a large sum of money. Since they found a continous deposits sum large of money.

Not true. A bank can close your account whenever they like without providing you any explanations even if you are an honest citizen.

I never face any problem like this till now because even any of my relation din't face any problem like this. Without any proper reason banks will not close any accounts, may be they are bulk transaction or else if they are doing any fraudulent transaction banks will easily identify and will have an eye on them.

t2yax

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We cannot say that trusting is bank is the best way to save money. We all know that other bank becomes bankrupt. We should know what are the possibilities will our bank will be bankcrupt? Or our money will earn, we should know what kind of bank will be in the future?

SidaroffVany

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Quote from: X-ray on January 29, 2017, 03:50:03 AM

Quote from: Holly-Dolly on January 29, 2017, 03:11:37 AM

As if we did not want to seek the services of banks, but still most of the users go for help to the banking system. It is clear that we have these corporations and other financial monsters used in full, but that slavery began long ago, and we're just stuck in this life.

definitely, nothing we can do, we ain't rothschild nor rockfeller, most of us here just an ordinary man who just want to make their livings better out of using bitcoin by taking advantage of its benefits.
bank just already ruling the economy around the world and will always be until some revolutionary thing can change it in the future

I sometimes wonder that so far these people with these names you have not started a war against Bitcoin and allowed to exist cryptocurrency. After all, banks and all who leads them to realize that bitcoin is death for their income, and the end of deception of mankind. But while the silence. And always a lull before the storm.

X-ray

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Quote from: Holly-Dolly on January 29, 2017, 03:11:37 AM

As if we did not want to seek the services of banks, but still most of the users go for help to the banking system. It is clear that we have these corporations and other financial monsters used in full, but that slavery began long ago, and we're just stuck in this life.

definitely, nothing we can do, we ain't rothschild nor rockfeller, most of us here just an ordinary man who just want to make their livings better out of using bitcoin by taking advantage of its benefits.
bank just already ruling the economy around the world and will always be until some revolutionary thing can change it in the future

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