You should never trust banks

[tamarindbleu]

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

For me we should trust banks, because banks is just doing there role in this world and i am confident that banks is we will survive in this world because banks has a big role in this world and i know that banks is not doing anything wrong that's why we should trust it really well.

[sanimu461]

Why do we need to not trust the banks? Do you have any proofs that banks is not trustworthy? Because i think they are. Banks are trustworthy because they help the economy to have a smooth circulation of the money because that is where the most people put their money. Banks are here for a lot of years and i think that is enough for us to believed that banks are trustworthy.,

[megynacuna]

Well banks are causing a lot of discomfort everywhere by taking the cream of profits of everyone and glad to see the btc rising and hope that major banks won`t take control of it.

How can a bank seize control of bitcoin which is by far decentralized than any currency in the world. I think the banks especially some central banks in certain jurisdictions might attempt to suppress it's large scale use but it doesn't mean they will be able to control it. Banks are not that bad as people seem to suggest but compared to cryptocurrencies like bitcoin they might seem less reliable.

[bots1]

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 think banks should not believe us because banks are very closed and can not open or we see all existing transactions, different from bitcoin, bitcoin can see all existing transactions.

[voztata]

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.

That one person out of a million had problem with a particular bank, shouldn’t be the reason for everyone to stop trusting banks, and put their money into bitcoin, it makes no sense. Well, rightfully, we shouldn’t trust anyone when it comes to this kind of stuff, but I will rather trust banks than digital asset.

[davinchi]

I think you just need to get their side if whats really happen and the reason behind it. You have the right to know thing about closing that banks. They need to do is an explanation so that it will clear to you. I think the best you can do is do not trust your money to put in the banks next time. Its better to just invest in bitcoin so that its sure that your money will safe and secure and you can get or earn profit.

Banks have their rules and regulations and ways you should follow them. As long as you’re getting along with their rules, or should I say their terms and conditions, you will surely be on their good side. But if you play it bad, you will surely end up on their bad side.

If this guy had problem with his bank, it’s possible he might have done something wrong, but he will never tell, rather he will say what the bank did, so that we all believe that banks are bad.

[kkukkugaga]

I'm having trust issues on banks right now because of the news I've heard last week. The depositor lost their money through unauthorised transactions, and so banks are paying for it. It's really a bad experience for those people. I think, even if how you act carefully, bad people always find ways to get your money. Be extra careful and don't put so much money to your bank accounts.

[Oggy Pogi]

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!

Maybe the reason that your bank do such action is that because maybe you have done any action that is against on the contract you have signed under the terms and conditions applied. Banks cannot do an offensive action with no such reason because a file may be filed against them for doing such unethical actions concerning their customer's rights.

[EtherATM]

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.

I find banks really an easy and convenient way for most of us to keep money safely. Although the fee is quite expensive, it’s still suitable. In my country, people profoundly believe in bank and the same as mine . Since I’ve used bank, I never get any troubles relating to banks, so I completely trust a lot in banks. I’ve heard in some countries , there are a few banks bankcrupted ,but it’s actually rare. With its convenient, there is no reason for us to us to be hopeless with banks.

[danim1130]

Why,? you should trust your banks because they are one of the legitimate storage of money in this world and also your money will gain some interest after a years or a months in saving money in those banks. in btc it is also like a bank you can put your money on.

[TOTOARRO]

Certainly. Things dislike that much terrible in the side of banks too. These are the companies that are helping you and your nation to profit and conveying it and after that giving you a place to safe them. So why are individuals against these banks? I figure three must be some confusion and misconception for the general population who think this way. This person must tell about the side of banks.

[krism]

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. 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 helped the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

This is why we all support bitcoin.

I don`t trust banks, but unfortunately they are too powerful and sometimes you don`t have choice and

you need their service.

Bitcoin will change all this.

I have heard a lot of bad news regarding those "some of the banks" service. One of them was my relative who works abroad. Working hard for your money and entrust it in the bank, (in fact its one of the popular bank) hoping that it will be safer and had an interest but sadly its all gone. Its so disappointing. Though the bank promise to return the amount lost but I dont think their clients will still have the nerve to trust the bank. Although not all the banks are the same but its better to be more updated regarding with our bank account.

[Leane Lee Natividad Cuenc]

Then why you are at Bitcoin forum? Just stay with your way of living and Bitcoin isn't for you. My bank stated 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. I hope I know the reason!

Not all bank couldnt trust...some banks are good for saving even in remittance...if there is bad thing about the bank,it maybe because the applicant has not valid documents to be needed...or there are some issues.

[BitMasterino]

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!

Banks are different, but trusting banks is not only possible, but also useful, since saving the savings at home under the mattress has long passed. By investing in a bank, the owner of the capital will be able to receive interest, which can not be dreamed of, saving money at home.

[HalfDeck]

Then why you are at Bitcoin forum? Just stay with your way of living and Bitcoin isn't for you. My bank stated 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. I hope I know the reason!

Not all bank couldnt trust...some banks are good for saving even in remittance...if there is bad thing about the bank,it maybe because the applicant has not valid documents to be needed...or there are some issues.

If you do not trust the current banking system, why do you still the FIAT provide by your government? No banks, no FIAT, no government for economy, you will not have anyone help you guarantee your funds safe and that amount can rob by crime anytime.

[supermam]

That's right  we don't trust all banks nowadays because of the news we heard about what happened to the savings of some people they lost it without their knowledge that the reason that we don't trust them always. I think it is more safe if we will hold first our money.

[ufalo3]

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.

I find banks really an easy and convenient way for most of us to keep money safely. Although the fee is quite expensive, it’s still suitable. In my country, people profoundly believe in bank and the same as mine . Since I’ve used bank, I never get any troubles relating to banks, so I completely trust a lot in banks. I’ve heard in some countries , there are a few banks bankcrupted ,but it’s actually rare. With its convenient, there is no reason for us to us to be hopeless with banks.

The main thing is not to keep all your money in one bank. I keep my savings in different banks and this gives me confidence.

[mrbnson]

If you understand the way the banking system works then your funds are almost entirely safe within a bank, there are already laws in place that deposits are protected up to a certain level, normally this level is only a minimum anyway as banks are too big to fail and will be bailed out. In theory, banks are only ever under threat once there is a run, similarly to a ponzi scheme.

[doycku]

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!

  Honestly, I never trusted banks. Even if I covered up the account in the bank, then it was beating up scanty savings and I think that banks are not interested in such amounts. But the fact that you told me very upset me, I generally will not go to the bank.

[Feuerbach]

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!

Strange situation. I did not think that the bank could take and close the account without a reason. Probably it depends on the banking system of  country