You should never trust banks

[Aryanto28]

what is the reason if I should not believe in the bank. not whether the bank is the property of the state and to serve its customers well. even though I currently have a crypto that does not use the bank but I am in the use of paper money I still use the bank to save my money. in my opinion we do not need to blame each other because neither bank nor crypto that does not require the bank both have their respective roles.

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[geegaw]

This is strange, I think all the governments give guarantee a full business bank and there is no reason not to trust the banks, and I've never found a problem with banks.

It is with good government, a government that cares and management of banks, great if you're in a country with a good government, you will not encounter any problems when you deposit money into the bank, the bank is absolutely safe. But in my country, the government can be said to be bad, they also do illegal things, money laundering, corruption, banks just bring them benefits, they will willingly not care about things, here, the law is almost ineffective, loss of money and money disappear are common problems with banks, the bank here is really unreliable

[bestbiz9]

I trust only that banks are either government owned or if the deposits are insured by the govt .

[selen]

you have not detailed the reason why bankclosed your account, it probable wont do that without a reason. personally i dont see any reason to trust anyone who are not close to you. the banks are the last in that list. though the banks differ, since they are essential part of life, you have to choose the bank carefully

[Pixyoxx]

This is strange, I think all the governments give guarantee a full business bank and there is no reason not to trust the banks, and I've never found a problem with banks.

Well not all governments give full guarentee of your deposit in any bank. Every governemnt of a country have a predecided amount of money which it ensures to provide guarentee on depositors money when a bank goes bankrupt.

That being said, bank does provide a nice service of safeguarding money but it also levy's various charges for that service. Card charges, message charges, withdrawl charges, and many other charges. Also a bank knows everything about your money which is not liked by many depositors. Thus people want decentralized system.

[cryptousher]

I trust only that banks are either government owned or if the deposits are insured by the govt .

Either be it government bank or private sector, I don't think there is any fear as nowadays banks can't run awatly with your money. All the money is being handled by a central body. I personally don't fear banks but I do fear its policies which does varies.

[katiecbell]

I trust only that banks are either government owned or if the deposits are insured by the govt .

Either be it government bank or private sector, I don't think there is any fear as nowadays banks can't run awatly with your money. All the money is being handled by a central body. I personally don't fear banks but I do fear its policies which does varies.

Banks are becoming a figure of hatred in the presence of digital currencies because of the high interest rates bank charge us when giving loan. Too many taxes are also imposed by banks and service charges are another headache. I am personally against banks and the reason is their useless policies.

People are leaving banks for saving money and switching to digital currencies especially bitcoin for the best ever value of their money.

[Fluffinfinity]

They should have reminded you at first before closing your account. They must not close it without telling you since they didn't showed you their reasons. Also, they did not let themselves hear your explanation. As what you have said, there are moneys in your account and it's very important sinve it's your money and not theirs.

[ningrum]

I trust only that banks are either government owned or if the deposits are insured by the govt .

Either be it government bank or private sector, I don't think there is any fear as nowadays banks can't run awatly with your money. All the money is being handled by a central body. I personally don't fear banks but I do fear its policies which does varies.

which I know the bank, private or government owned is already supervised by the government, in the transaction activity. so if the bank makes the fraud it is quite difficult, because it has been supervised. therefore we believe or not to the bank is up to us.

[paul00]

I trust only that banks are either government owned or if the deposits are insured by the govt .

Either be it government bank or private sector, I don't think there is any fear as nowadays banks can't run awatly with your money. All the money is being handled by a central body. I personally don't fear banks but I do fear its policies which does varies.

which I know the bank, private or government owned is already supervised by the government, in the transaction activity. so if the bank makes the fraud it is quite difficult, because it has been supervised. therefore we believe or not to the bank is up to us.

I don’t really know what have happened between you and your bank but I don’t think that the bank has no reason given to you for closing your account without prior notice from you especially when it has a large amount of deposit. We all know that when we open an accout we are signing on some terms and conditions which we should consider in opening the account and there must be a condition indicated in it which is the reason of your account closure. You must seek for a good lawyer if you really believe that you are on the right side.

[turagsoy123456]

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!

Although i have no bank acounts.but still 50% negative trust of bank .because some of the bank will close without any valid reason to thier customer.some of the customer of the bank are victime's of scam.. So the money are not safe..

[Ranly123]

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!

I doubt it. All your accounts in the bank are secured yet in your story i think there might be a misunderstanding between you and your bank. May be have lack on securities on your acount which leads to closure. This thing are common among people who are banking in real banks, security first above anything else when we are dealing with money.

[robbietobby]

Maybe you should contact your bank and deal with them about their policies. Questions are:

How often do you use your account?
Have you been foretell anyone to this esp. your account number?
How come this happen?
Are their policies that you have been violated?

Just such thinking.

[aiza2007]

 anythings wrong or illegal. You explain just your side only and you did not show us the side of the bank.

[reck1ess]

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 crazy, closing your account for no reason? Did you even receive a mail or a message before they closed it?
In our country we need to maintain the minimum amount so that the bank wont close the account. I haven't heard anything about closing it without reason. I was planning to create one soon hope there will be no problem to be encounter.

[roll on]

anythings wrong or illegal. You explain just your side only and you did not show us the side of the bank.

I dont agree with that, banks is really great in this world, and i believe that we should trust banks because banks is dont doing anything wrong, we shoukd trust banks just like trusting on bitcoin, because banks is helping a lot of people to save there money very well.

[kenzruiz]

anythings wrong or illegal. You explain just your side only and you did not show us the side of the bank.

I am a solid fan of bitcoin but i dont think so that it is a right decision to never trust banks because banks is doing there purpose or there job in this world very well, and i think our money in the banks is really secured and very safe so for me trusting banks is the right thing to do.

[Biscutard]

I don't think banks would just closed your account without further notice, i'm sure you did something that's they closed your account. You were not stating the banks side that's why it's hard to tell what really happen to your account. Why don't you ask the bank manager or the teller and why do they need to close your account?

[Granxis]

what is the reason if I should not believe in the bank. not whether the bank is the property of the state and to serve its customers well. even though I currently have a crypto that does not use the bank but I am in the use of paper money I still use the bank to save my money. in my opinion we do not need to blame each other because neither bank nor crypto that does not require the bank both have their respective roles.

Bitcoin has consistently created an idea as enemies with banks. I do not fully agree with this idea, because Bitcoin has no power to create a threat to the bank. Do not worry if the banks do not run out of money, and Bitcoin provides money transfers between the banks.

[domari]

Why so ? Banks are needed. There must be a reason why the bank closes your account. Banks are not likely to do so for no reason. Maybe you made a mistake or something.